The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
DOWNLOAD
investment-ss-3
Economic Updates
Policy rate views: Uncertainty stalls cuts
DOWNLOAD
grocery-2-aa
Economic Updates
Inflation Update: BSP poised for a string of rate cuts as inflation cools
DOWNLOAD
View all Reports
Metrobank.com.ph Contact Us
Follow us on our platforms.

How may we help you?

TOP SEARCHES
  • Where to put my investments
  • Reports about the pandemic and economy
  • Metrobank
  • Webinars
  • Economy
TRENDING ARTICLES
  • Investing for Beginners: Following your PATH
  • On government debt thresholds: How much is too much?
  • Philippines Stock Market Outlook for 2022
  • No Relief from Deficit Spending Yet

Login

Access Exclusive Content
Login to Wealth Manager
Visit us at metrobank.com.ph Contact Us
Access Exclusive Content Login to Wealth Manager
Search
The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
May 8, 2025 DOWNLOAD
investment-ss-3
Economic Updates
Policy rate views: Uncertainty stalls cuts
May 8, 2025 DOWNLOAD
grocery-2-aa
Economic Updates
Inflation Update: BSP poised for a string of rate cuts as inflation cools
May 6, 2025 DOWNLOAD
View all Reports
Economy 2 MIN READ

Gold ticks higher as dollar slips ahead of US inflation data

November 10, 2022By Reuters
Related Articles
Gold firmed on Fed pause hopes after weak US jobs data November 3, 2023 USD index selling in the wake of FOMC may be overdone May 4, 2023 Gold set for first weekly rise in five on dollar weakness March 3, 2023

Nov 10 (Reuters) – Gold edged higher on Thursday supported by a dip in the dollar, but moved in a relatively narrow range on caution ahead of U.S. inflation data that could influence the Federal Reserve’s future interest rate hikes.

Spot gold was up 0.3% at USD 1,710.62 per ounce, as of 0521 GMT. US gold futures were flat at USD 1,713.70.

The dollar index inched 0.3% lower. A weaker dollar makes greenback-priced gold more attractive to other currency holders.

Gold prices are marginally up as the dollar is slightly weakening; it looks like prices are consolidating ahead of the inflation data, said Brian Lan, managing director at Singapore-based dealer GoldSilver Central.

The US consumer price index (CPI) report for October is due at 1330 GMT. Economists expect core inflation to decline both on a monthly and annual basis.

Gold could rise if there are signs of cooling inflation, but if the numbers come higher, then there will be speculations of the Fed using a heavy hand again and thereby pressuring gold, Lan added.

Rising interest rates increase the opportunity cost of holding non-yielding bullion.

Gold could consolidate around the USD 1,700 level, but if the strong dollar trade gains traction leading up to CPI, selling pressure could target the USD 1685 region, said Edward Moya, senior analyst with OANDA, in a note.

Minneapolis Fed President Neel Kashkari on Wednesday said it’s “entirely premature” to discuss any pivot away from the Fed’s current policy tightening, even as he appeared to endorse the possibility of adjusting the size of future rate hikes.

Silver rose 0.7% to USD 21.16. Platinum climbed 0.6% to USD 991.54, while palladium was up 0.3% at USD 1,870.56.

“Easing semi-conductor supply tightness could revive auto-sector demand for platinum group metals. That said, doubts around the economic outlook could cap the upside,” ANZ said in a note.

 

(Reporting by Ashitha Shivaprasad in Bengaluru; Editing by Sherry Jacob-Phillips and Rashmi Aich)

This article originally appeared on reuters.com

Read More Articles About:
Worldwide News Philippine News Rates & Bonds Equities Economy Investment Tips Fine Living

You are leaving Metrobank Wealth Insights

Please be aware that the external site policies may differ from our website Terms And Conditions and Privacy Policy. The next site will be opened in a new browser window or tab.

Cancel Proceed
Get in Touch

For inquiries, please call our Metrobank Contact Center at (02) 88-700-700 (domestic toll-free 1-800-1888-5775) or send an e-mail to customercare@metrobank.com.ph

Metrobank is regulated by the Bangko Sentral ng Pilipinas
Website: https://www.bsp.gov.ph

Quick Links
The Gist Webinars Wealth Manager Explainers
Markets
Currencies Rates & Bonds Equities Economy
Wealth
Investment Tips Fine Living Retirement
Portfolio Picks
Bonds Stocks
Others
Contact Us Privacy Statement Terms of Use
© 2025 Metrobank. All rights reserved.

Read this content. Log in or sign up.

​If you are an investor with us, log in first to your Metrobank Wealth Manager account. ​

If you are not yet a client, we can help you by clicking the SIGN UP button. ​

Login Sign Up