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 »
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 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 »
The Federal Reserve’s interest rate decision in September is the most important decision the central bank will make this year, with the potential to either declare the end of the US interest rate hike cycle or surprise FX markets, which already believed to be the case. The vast majority of economists (94 of 97 polled …
The Fed’s September Decision: A Dollar-Deciding Moment 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 »
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 »
Sales of Gold American Eagle coins fell to 36,000 ounces in July, down from 42,500 ounces in June and 64,500 ounces in July 2022. The decline in sales comes as gold prices have been steadily climbing, pushing back above the $2,000 an ounce mark late in the month. There are a few reasons for the …
Gold American Eagle Coin Sales Fall as Investors Eye Other Safe Havens 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 …