Gold prices fell on Tuesday as the US dollar strengthened, with investors awaiting the release of US inflation data later in the week. Spot gold was down 0.3% at $1,923.50 per ounce by 2:30 pm ET (1830 GMT), while US gold futures fell 0.2% to $1,937.50. The US dollar index, which measures the greenback against …
Gold prices fall as US dollar strengthens ahead of August inflation report Read More »
Spot gold was down 0.2% at $1,918.72 per ounce by 2:30 p.m. ET, while U.S. gold futures fell 0.3% to $1,941.70. The dollar index, which measures the greenback against a basket of major currencies, rose 0.2%. A stronger dollar makes gold more expensive for buyers holding other currencies. Investors are awaiting the release of U.S. …
Gold prices are set to end the week lower as the latest batch of data showed that the US economy is still growing strongly, giving the Federal Reserve some room to keep monetary policy restrictive or even raise interest rates further. On Friday, gold prices edged up to $1,921 an ounce, but they are still …
Gold Prices Set for Weekly Decline as US Economy Shows Resilience Read More »
Cotton prices fell to their lowest level in more than two weeks on Thursday, as the dollar continued to strengthen and concerns persisted about demand from top consumer China. The dollar index, which measures the greenback against a basket of currencies, rose to its highest level since August 2020. A stronger dollar makes cotton more …
Cotton Falls to 2-Week Low on Dollar Strength, China Demand Concerns Read More »
Gold prices held steady on Thursday, as traders awaited a key speech by Federal Reserve Chair Jerome Powell. The metal is seen as a safe haven asset and often rises when investors are worried about the economy. Powell is scheduled to speak at the Jackson Hole Economic Symposium on Friday. His speech is closely watched …
Gold prices inched higher on Thursday, as a slight pullback in Treasury yields offered some respite from a robust dollar, while investors looked forward to more U.S. economic data to gauge the outlook for interest rates. Spot gold was up 0.1% at $1,918.64 per ounce by 0906 GMT, after hitting a one-week low on Wednesday. …
Gold Steadies as Bond Yields Tick Lower, Traders Await More US Data Read More »
Gold prices edged lower on Tuesday, as the US dollar continued to strengthen against a basket of major currencies. The dollar index, which measures the greenback against a basket of six other currencies, rose to its highest level in over two weeks. A stronger dollar makes gold more expensive for buyers who use other currencies, …
Gold Prices Edge Lower as Dollar Strength Continues Read More »
Dollar Firms Up as Traders Weigh Fed’s Path The dollar index firmed up around 102 on Tuesday, hovering near its strongest levels in three weeks as traders weighed the Federal Reserve’s path for monetary policy. On Monday, a Federal Reserve survey showed US banks reported tighter credit standards and weaker loan demand from both businesses …
Dollar Holds Steady as Fed Meeting Looms The dollar index held steady around the 101 mark on Monday, as traders remained cautious ahead of the US Federal Reserve’s key policy decision this week. The Fed is widely expected to raise interest rates by 25 basis points on Wednesday, but investors will be closely watching for …
The dollar held steady on Friday as data pointed to U.S. labor market resilience that could lead the Federal Reserve to keep interest rates higher for longer, while the yen wobbled after Japan’s core consumer inflation re-accelerated in June. Central bank meetings from Europe, Japan, and the United States are due next week, with investors …
Dollar firms, yen wobbles as Japan CPI holds above BOJ target Read More »