Spot GoldGold refers to a precious metal traded as a commodity and financial asset across physical and derivatives markets. The term belongs in Level 7 because it helps connect macro con...Read More rose 0.1% to $4,198.19 per ounce at 04:32 UTC on 12 October, Reuters reported. Softer OilOil refers to a globally traded energy commodity whose price is shaped by supply, demand, inventories, geopolitics, and economic activity. The term belongs in Level 7 because it...Read More and dollar conditions supported bullion as investors awaited Wednesday’s US InflationInflation refers to a sustained rise in the general price level that reduces the purchasing power of money. The term belongs in Level 7 because it helps connect macro conditions...Read More data. This updates Piplix’s existing gold coverage; it does not establish a sustained BreakoutA breakout occurs when price moves beyond a meaningful resistance level, range boundary, trend boundary, or chart-pattern boundary and begins to trade outside the area that had...Read More above $4,200.
Gold prices edged higher as a weaker US dollar and lower oil prices supported demand for the precious metal. Investors are awaiting US Consumer Price Index (CPI)Consumer Price Index (CPI) refers to an index that tracks changes over time in prices paid by consumers for a representative basket of goods and services. The term belongs in Le...Read More data on Wednesday and producer inflation figures on Thursday for clues about the Federal ReserveFederal Reserve refers to the Federal Reserveis the central bank of the United States. The term belongs in Level 7 because it helps connect macro conditions, policy, or another...Read More’s next interest-rate decision.