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Gold prices rose more than 1% on Thursday from the over two-week low touched in the previous session, as the dollar softened and the spotlight shifted to key U.S. inflation data for clues on the Federal Reserve’s policy path.

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Lim Hui Jie

KEY POINTS

• Japan’s industrial production grew 2.8% month on month in May, beating expectations of 2% from economists polled by Reuters.
• Headline inflation for Japan’s capital city of Tokyo accelerated to 2.3% year on year in June, up from 2.2% in May.
• The yen hit fresh 38 year lows against the greenback, weakening to as low as 161.27 against the dollar.

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Karen Gilchrist@_KARENGILCHRIST & Holly Ellyatt@HOLLYELLYATT

LONDON — European stocks opened mixed Thursday as global inflation worries continue to rattle markets.

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Gold prices steadied on Thursday after falling to a two-week low in the previous session, while investors awaited U.S. inflation data for insights into how soon the Federal Reserve will cut interest rates.

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Lim Hui Jie & Sheila Chiang@IN/SHEILACHIANG@SHEILACHIANG

KEY POINTS

• The Japanese yen weakened to a near 38-year low late Wednesday, dropping to 160.82 against the U.S. dollar, according to FactSet data.
• Japan’s year-on-year retail sales growth for May came in at 3%, higher than the market forecast of 2%, according to a Reuters poll of economists.
• China’s industrial profits grew 3.4% year on year from January to May.

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Holly Ellyatt@HOLLYELLYATT

LONDON — European stocks are expected to open higher Wednesday, reversing negative sentiment seen in the previous trading session.

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Gold prices were subdued on Wednesday ahead of crucial U.S. inflation data due this week, which could offer more clarity on the timing of the Federal Reserve’s first interest rate cut this year.

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Lim Hui Jie & Sheila Chiang@IN/SHEILACHIANG@SHEILACHIANG

KEY POINTS

• Australia’s headline inflation rate for May is 4%, compared to the 3.6% recorded in April.
• Semiconductor-related stocks such as Advantest jumped more than 6%, while Taiwan Semiconductor Manufacturing Company, SK Hynix and MediaTek increased 1.38%, 4% and 3.25% respectively.

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Holly Ellyatt@HOLLYELLYATT

LONDON — European stocks are expected to start the new trading week in mixed territory.

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Gold prices edged up on Monday as Treasury yields fell, while investors awaited key U.S. inflation data and Federal Reserve officials’ comments through the week for fresh clues on the potential timing of the central bank’s interest rate cut.

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