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 »
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 …
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 …
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 »
U.S. Stocks Rise on Expectations of Early End to Fed’s Rate-Hike Cycle U.S. stocks rose Thursday morning, extending the previous session’s gains after cooler-than-expected inflation data raised expectations of an early end to the Federal Reserve’s rate-hiking cycle. The Dow Jones Industrial Average was up 0.2%, the S&P 500 was up 0.4%, and the Nasdaq …
U.S. Stocks Rise on Expectations of Early End to Fed’s Rate-Hike Cycle Read More »
Dollar Falls to 2-Month Low on Fed’s Tightening Cycle Signal, Sterling Hits 15-Month High on Strong Wage Growth The dollar weakened to a two-month low on Tuesday after Federal Reserve officials signaled that the central bank was nearing the end of its tightening cycle, while the pound hit a 15-month high after pay growth exceeded …
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 …
U.S. equity index futures rose on Friday morning after the release of the latest inflation data. The May core PCE price index, which is the Federal Reserve’s preferred inflation measure, rose 0.3% month-over-month, in line with expectations. However, the core PCE price index rose 4.7% year-over-year, below the consensus forecast of 4.8%. The weaker-than-expected inflation …
U.S. stock futures rise after latest inflation data Read More »
The dollar is under pressure as key U.S. data looms The dollar is under pressure against major currencies on Tuesday as the market looks ahead to U.S. durable goods and other data this week that may determine the timing of further interest rate hikes. The dollar index, which measures the greenback against a basket of …
The dollar is under pressure as key U.S. data looms Read More »