Gold News – 15.Jan.2025

Gold News

Gold Prices Movement:

Spot gold rose 0.1% to $2,681.34 per ounce by 0701 GMT.

U.S. gold futures gained 0.5% to $2,696.10.

Key Driver:

Investors are awaiting the U.S. CPI data release at 1330 GMT for clues on the Federal Reserve’s interest rate trajectory.

Higher CPI data may push gold prices lower, reinforcing expectations of Fed policy normalization in 2025.

Market Expectations:

Reuters poll forecasts an annual CPI rise of 2.9% (up from 2.7% in November) and a monthly increase of 0.3%.

U.S. producer prices increased moderately in December, with no expectation of rate cuts before the second half of the year.

Technical Levels:

Kelvin Wong (OANDA) suggests a break below $2,600 could bring gold to $2,540, an attractive level for long-term investors.

Reuters’ technical analysis indicates a potential fall toward $2,635.

Other Metals:

Spot silver added 0.1% to $29.92 per ounce.

Palladium dropped 0.4% to $935.25.

Platinum shed 0.2% to $933.70.

Author : Arman Shaban
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