Gold News Today: Key Events Impacting Gold Prices
In the fast-paced world of gold trading, staying informed about pivotal news is essential for traders and investors. Today, on February 13, 2024, the focus is on crucial economic events that are anticipated to exert downward pressure on gold prices against the US dollar.
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| Gold news today |
The key announcements come from the United Kingdom and the United States, with the release of Claimant Count Change in GBP and Consumer Price Index (CPI) data in USD.
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
Gold News Today: February 13, 2024 - Key Events Impacting Gold Prices
Negative Impact on Gold Prices:
The following events are expected to be key contributors to a potential decline in gold prices:
- GBP Claimant Count Change:
The Claimant Count Change in the United Kingdom is a significant indicator of the country's labor market health. An increase in claimant counts may signal economic challenges, potentially leading to a weaker British Pound (GBP). This could result in diminished demand for gold, leading to a decline in gold prices.
- USD Core CPI m/m, CPI m/m, and CPI y/y:
The release of the Consumer Price Index (CPI) data in the United States is closely watched by investors. If the data reveals higher inflationary pressures, it may prompt concerns about the purchasing power of the US dollar. This could strengthen the appeal of the dollar over gold, resulting in a potential decrease in gold prices.
As the gold market unfolds on February 13, 2024, investors and traders should closely monitor the impact of the Claimant Count Change in the UK and the Consumer Price Index data in the United States. These economic indicators have the potential to shape the direction of gold prices against the US dollar. Caution, thorough analysis, and effective risk management are advised to navigate the dynamic nature of the gold market. Market reactions may vary based on the actual data released compared to market expectations.
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