Gold prices hit a near-two-week peak on Wednesday, supported by a dip in U.S. Treasury yields and dovish remarks from Federal Reserve officials. The Fed’s latest policy minutes are due at 1800 GMT, and traders are also awaiting U.S. Consumer Price Index data on Thursday for more clues on the interest rate path. Spot gold …
Gold at Two-Week High as Treasury Yields Dip, Fed Minutes in Focus Read More »
Gold and copper prices tumbled to their lowest levels in several months on Tuesday, as investors grew increasingly concerned about the prospect of aggressive interest rate hikes from central banks around the world. Three-month copper futures fell 1.2% to $7,968.50 a metric ton, their lowest level since late May. Aluminum futures also fell 1% to …
Gold, Copper Price Plunge to Multi-Month Lows as Rate Hike Fears Mount Read More »
The yen remains under pressure as the dollar strengthens against its major peers, with investors jittery about the prospect of aggressive interest rate hikes by the US Federal Reserve. Japanese Finance Minister Shunichi Suzuki has warned that the government is watching the currency market closely and stands ready to intervene, but traders believe that the …
Dollar strength keeps yen under pressure, but intervention unlikely Read More »
Gold prices are likely to remain under pressure as interest rates stay high, according to market analysts. The precious metal is currently trading at a six-month low of $1,913 a troy ounce, and this downward trend is expected to continue as the Federal Reserve and other central banks around the world continue to raise interest …
Gold Prices Likely to Remain Under Pressure as Interest Rates Stay High Read More »
The US dollar firmed up on Monday, holding near its highest levels since early March as the Federal Reserve maintained a hawkish outlook on monetary policy due to persistently high inflation. The dollar index, which measures the greenback against a basket of six major currencies, rose 0.5% to 105.6. The index is up over 18% …
Dollar Firms Up on Hawkish Fed View, Antipodean Currencies Falter Read More »
Gold prices hovered below $1,930 an ounce on Thursday, as investors fretted about a hawkish Federal Reserve, global growth prospects, and weak data from Europe. The US central bank left interest rates unchanged at its latest meeting, as widely anticipated, but signaled another rate increase before the end of the year and fewer rate cuts …
Gold Stays Below $1,930 as Investors Worry About Hawkish Fed, Global Growth Read More »
UniCredit Research analysts say that the dollar could rise after the Federal Reserve’s policy announcement due at 1800 GMT, even as interest rates are expected to be left unchanged at 5.25%-5.50%, if there are hints that rates could increase further. According to a note from the analysts, the decision shouldn’t dent dollar strength and “might …
Market Talk: Dollar Could Rise if Fed Hints at Further Rate Increases Read More »
The US dollar index fell slightly on Monday, undercut by a decline in the 10-year Treasury yield and a weak US homebuilder report. The dollar index, which measures the value of the US dollar against a basket of six other major currencies, fell 0.11% to 103.77. The decline came as the yield on the 10-year …
Dollar Slips on Decline in T-note Yield, Homebuilder Report Read More »
Gold prices edged higher in early Asian trade on Monday, ahead of the Federal Reserve’s September policy meeting on Wednesday. Investors are keenly awaiting the Fed’s decision, as it will have a significant impact on global bond yields and, by extension, gold prices. Lower bond yields tend to boost the appeal of gold, as the …
Gold Edges Higher as Investors Await Fed’s Policy Decision Read More »
The US dollar is expected to be volatile in the coming days ahead of a key inflation data release on Wednesday. Economists are forecasting that the consumer price index (CPI) will rise by 0.6% in August, compared to 0.2% in July. This would be the fastest pace of inflation since March 2022. If inflation comes …
How Will the US Inflation Data Affect the Dollar? Read More »