Gold prices are stuck in a narrow range as investors look ahead to Powell’s testimony and the Fed’s rate hike plans. Gold prices were flat on Tuesday as investors awaited further guidance on interest rates from U.S. Federal Reserve Chair Jerome Powell. The Fed is expected to keep rates unchanged at its meeting later this …
The dollar index steadied above 102 on Monday as investors weighed the implications of the Federal Reserve’s pause in its tightening campaign against the hawkish stance of other major central banks. The index, which measures the greenback against six major currencies, fell 1.2% last week after the Fed’s decision to keep rates unchanged. However, the …
The greenback stayed near 102.1 on Wednesday in quiet trading after slipping a bit on Tuesday, as traders waited for a crucial US inflation report that could sway the Fed’s rate decision in May. The US Labor Department’s jobs report on Friday showed that the job market was still strong, easing some fears of a …