Gold gained 1.28% to $2,407.58/oz and platinum 1.37% to $1,086.80/oz. Brent crude was 0.3% firmer at $83.51 a barrel
Several Fed officials said on Thursday that the central bank should keep interest rates high for longer
Brent is set for its first weekly increase in three weeks amid stronger economic indicators from China and the US
Excitement of cooling US inflation fizzles out after latest jobless claims report shows labour market remains tight
Recent inflation data has fuelled the expectation that the Fed may cut interest rates in 2024
Latest numbers from the US spark a relief rally across risk assets, say RMB analysts
Metal slightly stronger after a sharp rise in previous session as dollar and bond yields weaken on increasing likelihood of US rate cuts as early as September
US data showing slower-than-expected inflation bolsters argument for interest rate cut, which may drive even greater consumption
Business Day TV speaks to Devin Shutte from The Robert Group and Shane Watkins from All Weather Capital
John Williams is not confident enough that price pressures are moving sustainably to the 2% target for short-term borrowing costs to be cut
Business Day TV spoke to Financial Mail editor Marc Hassenfuss
Markets rally after milder US inflation report raises expectation US Federal Reserve will deliver two interest rate cuts in 2024
Futures trading suggests a 51.7% likelihood that the Fed will ease rates in September
Retail investors locked out of their digital vaults frantic to regain access to their accounts
Oil prices have also found support from a softer dollar and stimulus measures by China
