coin-img-BTCBTC+0.05%coin-img-ETHETH+0.27%coin-img-SOLSOL-1.33%coin-img-XRPXRP-0.38%coin-img-USDCUSDC+0.04%coin-img-HYPEHYPE-2.90%coin-img-LABLAB-28.12%coin-img-TRXTRX-1.69%coin-img-BTCBTC+0.05%coin-img-ETHETH+0.27%coin-img-SOLSOL-1.33%coin-img-XRPXRP-0.38%coin-img-USDCUSDC+0.04%coin-img-HYPEHYPE-2.90%coin-img-LABLAB-28.12%coin-img-TRXTRX-1.69%coin-img-BTCBTC+0.05%coin-img-ETHETH+0.27%coin-img-SOLSOL-1.33%coin-img-XRPXRP-0.38%coin-img-USDCUSDC+0.04%coin-img-HYPEHYPE-2.90%coin-img-LABLAB-28.12%coin-img-TRXTRX-1.69%coin-img-BTCBTC+0.05%coin-img-ETHETH+0.27%coin-img-SOLSOL-1.33%coin-img-XRPXRP-0.38%coin-img-USDCUSDC+0.04%coin-img-HYPEHYPE-2.90%coin-img-LABLAB-28.12%coin-img-TRXTRX-1.69%
user-avatar
Reuters

Gold rebounds after two-week low as markets await June U.S. CPI

AI Market Summary
Gold rebounded from a two-week low as markets awaited June US CPI, but rate expectations remain the dominant driver. Fed commentary and a rising implied probability of a September hike have pressured non-yielding bullion despite higher oil linked to US-Iran tensions. Near-term positioning is likely to stay cautious and data-dependent, with cross-commodity moves in silver and platinum reflecting uneven demand.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT-0.94%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Gold prices rebounded in early Tuesday trading after slipping to a two-week low in the previous session, as investors positioned ahead of June U.S. CPI data. Traders have increased bets on a September Federal Reserve rate hike, with the implied probability rising to around 76% from 57% a week earlier. Spot gold was quoted at $4,013.93 an ounce, while U.S. gold futures added 0.4%. Oil prices climbed on escalating U.S.-Iran tensions, but rate expectations continued to dominate bullion sentiment.
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
Macro

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.


Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.