Tag Archives: FED

The University of Michigan’s Consumer Sentiment Index has slipped to 77.9, indicating a weakening in US consumer confidence. However, the US Dollar is expected to consolidate weekly gains following hot inflation data. The Consumer Sentiment Index slipped to 77.9 from 79.4 in March, below the market expectation of 79. The …

Gold prices surged on Friday, reaching an unprecedented peak and poised to mark weekly gains for the fourth consecutive week, driven by geopolitical tensions and economic concerns surrounding China, which spurred strong demand for the safe-haven asset. As of 0934 GMT, spot gold prices rose by 0.9 percent to $2,394.87 …

On Friday, gold prices surged to unprecedented heights, buoyed by central bank acquisitions amid geopolitical tensions. Despite robust American economic indicators failing to temper demand, the spot price of gold climbed 0.5 percent to $2,384.34 per ounce by 0345 GMT, reaching a peak of $2,395.29 earlier in the session. US …

Risk-linked assets regained some momentum amid a mild corrective decline in the US Dollar and rising speculation of a Fed rate cut later in 2024. In the meantime, the ECB left rates unchanged as expected and opened the door to a rate cut in June.Economic DataBased on annualized data released …

The Federal Reserve (Fed) should be able to start cutting interest rates by the end of 2024, according to Kristalina Georgieva, managing director of the International Monetary Fund.At the press time, the US Dollar Index (DXY) was down 0.01% on the day to trade at 105.27.Key Quotes“We remain on our …

Falling US Treasury yields and a declining US dollar have helped to dramatically boost gold prices. In an uncertain environment, mixed signals from labour data and producer inflation support gold. Fed officials’ concerns about inflation strengthen Gold’s appeal as a safe haven, influencing sentiment. The price of gold recovered its …

The dollar gained ground on Thursday following the release of higher-than-expected US inflation data, which tempered remaining expectations for the Federal Reserve to initiate a cycle of interest rate cuts in June. Meanwhile, the yen depreciated to mid-1990s levels. Investor attention has now shifted towards US producer price data and …

Gold prices rebounded on Thursday, recouping losses from the previous session, buoyed by geopolitical tensions that spurred demand for the precious metal as a safe haven. In spot transactions, gold edged up by 0.1 percent to $2,334.64 per ounce as of 0809 GMT. The yellow metal had seen record highs …

FOMC minutes revealed that its members expressed concerns that inflation may continue rising, though they are still expecting rate cut at some point this years. The minutes said “inflation was not fast enough on its way down” despite some recent decline. But the participants were keen on keeping the language …

Gold prices retreated on Wednesday from their record high levels amid a resurgence in the dollar and US Treasury bond yields following the release of data indicating higher-than-expected inflation in the United States. This dampened expectations of an imminent cut in US interest rates. Spot gold prices declined by 0.6 …