World Market News of the 14 August with FXOpen #gold #xauusd #stoxx600 #usd #nzdusd #audusd #fed

☑️ GOLD PRICES INCH LOWER AS U.S. INFLATION DATA LOOMS Gold prices edged lower on Wednesday as investors remained on the sidelines ahead of a key U.S. inflation print later in the day that could set the tone for the Federal Reserve’s September policy meeting. Spot gold eased 0.2% to $2,460.87 per ounce, as of 0327 GMT. Prices hit a record high of $2,483.60 last month. U.S. gold futures edged 0.3% lower to $2,500.30.
Source: Reuters

☑️ EUROPE MARKETS OPEN HIGHER; UK INFLATION RISES LESS THAN EXPECTED The regional Stoxx 600 index was up 0.46% at 8:34 a.m. U.K. time, continuing cautiously positive sentiment this week. Autos stocks gained 0.93%, while mining fell 0.1%. Swiss bank UBS added 1% in early deals after significantly beating net profit forecasts for the second quarter. U.K. inflation rose to 2.2% in July, slightly below expectations but above the Bank of England’s 2% target, according to the Office for National Statistics.
Source: CNBC

☑️ DOLLAR DROOPS AFTER BENIGN INFLATION DATA; KIWI SKIDS ON RATE CUT The dollar remained on the back foot on Wednesday after tumbling versus major peers overnight as a benign reading for U.S. producer prices reinforced bets on Federal Reserve interest rate cuts this year. The kiwi dropped 1.08% after the RBNZ cut the cash rate by a quarter point, surprising many economists and traders. This reversed earlier gains, with the kiwi reaching $0.6084—its highest since July 18. The Aussie was little changed at $0.6637 after earlier touching $0.66395 for the first time since July 23.
Source: Reuters

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