Economic Events Shaping Gold Prices: February 12-16, 2024

As traders and investors gear up for the second week of February 2024, a lineup of key economic events is poised to impact the dynamics of gold prices against the US dollar. Let's delve into the notable events scheduled from February 12th to 16th, shedding light on potential influences on the precious metals market.

Cost of Gold Today

Live Gold Price	Gold Spot Price Today
Gold Price per Gram	$65.26
Gold Price per Kilo	$65,256
Gold Price per Ounce(28.34 g)	$2,029.69

 Gold Price Today : Convert Gold Ounce to US Dollar Or vice versa

Gold price chart in U.S. Dollar per ounce, Live gold price chart

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Tuesday, February 13:

GBP Claimant Count Change:

The Claimant Count Change in the UK serves as an indicator of labor market conditions. Any unexpected shifts may affect investor sentiment and influence the demand for gold as a safe-haven asset.

USD Core CPI m/m, CPI m/m, CPI y/y:

The release of Consumer Price Index (CPI) data in the United States provides insights into inflation levels. Higher-than-expected inflation may strengthen the US dollar, potentially impacting gold prices.

Wednesday, February 14:

GBP CPI y/y:

The UK's Consumer Price Index year-on-year data can influence the British pound and, consequently, gold prices. Changes in inflation levels may prompt adjustments in investor portfolios.

Thursday, February 15:

AUD Employment Change, Unemployment Rate:

Australian employment data can impact the Australian dollar and may have a ripple effect on gold prices. Changes in employment and unemployment rates can signal economic health.

GBP GDP m/m:

The release of Gross Domestic Product (GDP) data in the UK is a key economic indicator. Positive GDP growth may strengthen the British pound, potentially affecting gold prices.

USD Core Retail Sales m/m, Retail Sales m/m, Unemployment Claims:

Retail sales data and unemployment claims in the US offer insights into consumer spending and labor market conditions. These factors can influence the US dollar and, consequently, gold prices.

Friday, February 16:

GBP Retail Sales m/m:

Monthly retail sales data in the UK can impact the British pound. Changes in consumer spending patterns may contribute to fluctuations in gold prices.

USD Core PPI m/m, PPI m/m:

The release of Producer Price Index (PPI) data in the US can impact inflation expectations. A notable shift may influence investor sentiment and gold prices.

Economic Events Shaping Gold Prices: February 12-16, 2024

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