Tag Archives: fomc minutes

Gold prices fell to a three-week low on Friday, as a stronger dollar and expectations of a US Federal Reserve interest rate hike dented the yellow metal’s allure. By 0451 GMT, spot gold fell 0.3 percent to $1,752.89 an ounce, after falling to its lowest since July 28 at $1,751.01 …

The EUR/USD slides below the 1.0100 figure for the first time since July 27, as EUR sellers eye a daily close below 1.0096, which could pave the way for retesting the parity level. At the time of writing, the EUR/USD is trading at 1.0089, well below its opening price, after …

Tezos price could take a key turn lower today after the bullish print on Wednesday. XTZ price is at the mercy of global markets which are rolling over on Thursday. Tezos price action has witnessed some gains evaporating in late hours trading on Wednesday after the Fed minutes were released. …

Emerging market stocks and currencies fell on Thursday on the signals by Wednesday’s FOMC Minutes. The minutes obviously signaled further US interest rate hikes. MSCI’s index of emerging market stocks retreated 0.6%, set for their worst session in two weeks, while its currencies counterpart MIEM00000CUS was on course for its …

Gold prices rose on Thursday as bond yields declined, but the dollar’s rally and expectations that the US Federal Reserve will continue to raise interest rates kept prices near two-week lows. And gold in the spot contracts rose 0.3 percent to $ 1765.80 an ounce, at 0920 GMT, after a …

The US dollar finished Wednesday higher against most major rival currencies on Wednesday, despite suffering a near-term retreat following the release of the FOMC Minutes. The US dollar posted modest advances against safe-haven currencies, with USD/CHF trading around 0.9510 and USD/JPY at 135.00.Gold trades at $1,762.70 per ounce at the …

The US central bank is continuing its efforts to tame inflation with interest rate hikes and Wednesday’s FOMC minutes have showed that the committee members agreed on the necessity of keeping interest rates higher as a means of combating inflation. Markets were cool in the hours leading up to the …

At the time of writing, gold is trading at $1764.77 an ounce. Gold price has rallied on the FOMC minutes which is not shedding much light on how aggressive US monetary policymakers are expected to be. There was no obvious message that rate hikes will be as aggressive in September’s …

The EUR/USD rallied close to 50 pips after FOMC Minutes. Fed members agreed to hike 75 bps in July. Fed members acknowledge they would slow the pace of tightening at “some point.”The EUR/USD jumped during the last hour as the minutes lifted the Euro near the highs of the day, …

Gold is trading at $1776.75 per ounce at the time of writing, but the precious metal’s price is attempting to steady ahead of the FOMC minutes. Gold’s selloff might be overdone as prices are not deteriorating despite a surge in global bond yields. UK inflation hit a 40-year high and …