Bulletin
Investor Alert

New York Markets Open in:

Market Pulse Archives

May 11, 2022, 1:35 p.m. EDT

Gold prices rise Wednesday, a day after settling at a 3-month low

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    U.S. Dollar Index (DXY) (DXY)

or Cancel Already have a watchlist? Log In

By Joy Wiltermuth

DXY

Gold futures ended Wednesday with a gain, as traders digested a reading on inflation that came in higher than expected. Gold for June delivery rose about 0.7%, up $12.70, to settle at $1,853.70 an ounce on Comex. The April consumer price index showed inflation at a 8.3% annual rate, down from 8.6% the previous month, according to government data. While it marked the first time in five months the index hasn't climbed at the fastest rate in 40 years, the reading also underscored the pain American households likely will feel for some time from price pressures. In other haven plays, the ICE US Dollar index's /zigman2/quotes/210598269/delayed DXY -0.23% recent surge took a breather Wednesday after rising to its highest in two decades. The 10-year Treasury rate also edged lower at 2.92%.

/zigman2/quotes/210598269/delayed
US : U.S.: ICE Futures U.S.
106.85
-0.25 -0.23%
Volume: 0.00
July 7, 2022 5:54a
loading...

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.