Tag Archives: gold prices

Gold prices experienced extended losses in Asian trade on Thursday, further retreating from recent record highs as renewed worries about high interest rates and diminished safe haven demand weighed on the yellow metal. Industrial Metals Follow Suit Industrial metals, including copper, also faced losses, with copper prices sharply declining from …

The price of gold declines for the second day in a row due to a dismal interest-rate outlook and higher-than-expected expectations for interest rates. Fed’s Policymakers are hesitant to cut interest rates until they have made greater headway in combating inflation. Their opinions are shared by people all across the …

The U.S. dollar traded steadily on Wednesday as markets awaited the release of minutes from the last Federal Reserve meeting, while sterling advanced after April’s inflation figures came in lower than anticipated. At 04:55 ET (08:55 GMT), the Dollar Index, which measures the greenback against a basket of six major …

Gold prices edged lower in Asian trade on Wednesday, continuing to retreat from record highs as concerns over elevated U.S. interest rates grew ahead of crucial signals from the Federal Reserve. Industrial Metals Also Under Pressure The downward trend extended to industrial metals, with copper prices pulling back further from …

Gold prices experienced significant volatility on May 21, 2024, as they corrected lower after touching an all-time high of $2,450 on the previous trading day. The pullback was driven by central banks’ communication regarding their reluctance to lower interest rates. In this article, we’ll delve into the factors influencing gold …

Gold prices surged to a record high in Asian trade on Monday, driven by heightened geopolitical tensions in the Middle East and a broader rally across metal markets. The increased demand for safe haven assets reflected growing concerns over regional stability and potential escalation of conflicts. Spot gold climbed nearly …

In the face of geopolitical events and macroeconomic variables, the financial scene is nevertheless dynamic. Wall Street’s risk appetite persisted despite high rates, as evidenced by the performance of the Dow Jones Index and gold. While Bitcoin saw brief fluctuations, oil prices stayed steady. The US Dollar Index had a …

Gold prices saw a slight decline on Friday, trimming some of the week’s gains, as Federal Reserve officials provided a more cautious outlook on potential interest rate cuts. Gold Retreats Amid Fed Caution Gold had surged close to $2,400 an ounce earlier in the week following softer U.S. economic data. …

The US Dollar regained some stability and partially reversed its recent significant decline, especially in response to the US Consumer Price Index (CPI). Meanwhile, Federal Reserve officials expressed caution about inflation and the possibility of future interest rate cuts later this year. USD Index Rebound: The USD Index (DXY) experienced …

Gold prices stabilized in Asian trading on Thursday following robust overnight gains, propelled by softer inflation data that drove the dollar to one-month lows and increased speculation of impending interest rate cuts. With the yellow metal now within reach of May’s record highs, traders are wagering that the Federal Reserve …