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Gold hovers near 3-month peak as eyes on Jerome Powell’s testimony

gold lingers in proximity to a zenith unseen in three months, casting a watchful eye on the forthcoming discourse from Jerome Powell, the Federal Reserve Chair. The precious metal’s stability is anchored by a restrained trajectory in U.S. manufacturing and construction spending. Investors stand in anticipation, eager for Powell’s testimony and pivotal employment data slated …

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Forex Signal

Dollar Index Muted as Investors Await Jackson Hole Speech

The dollar index held below 103.5 on Thursday, after retreating from over two-month highs in the previous session. Investors were cautiously awaiting Federal Reserve Chair Jerome Powell’s address at the central bank’s annual symposium at Jackson Hole, Wyoming this week, for further clues on the monetary policy outlook. On Wednesday, the dollar came under pressure …

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Gold Prices Set for Biggest Monthly Gain in Four on Expectations of Rate Hike Lull

Gold prices are on track for their biggest monthly gain in four as expectations grow that major global central banks may be nearing the end of their current monetary policy tightening cycles. Spot gold is up about 1.8% in July, and is trading near $1,955 per ounce. U.S. gold futures are also up about 1.8%, …

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The dollar held steady on Friday as investors awaited a key U.S. jobs report and weighed the prospect of higher-for-longer Federal Reserve interest rates against the economic growth outlook.

The dollar held steady on Friday as investors awaited a key U.S. jobs report and weighed the prospect of higher-for-longer Federal Reserve interest rates against the economic growth outlook.

The dollar held steady on Friday as investors awaited a key U.S. jobs report and weighed the prospect of higher-for-longer Federal Reserve interest rates against the economic growth outlook. The closely watched nonfarm payrolls report is due later on Friday, where expectations are for the U.S. economy to have added 225,000 jobs in June. The …

The dollar held steady on Friday as investors awaited a key U.S. jobs report and weighed the prospect of higher-for-longer Federal Reserve interest rates against the economic growth outlook. Read More »