Gold prices rose on Tuesday during weak trading due to the Christmas holiday and in light of the decline in the dollar and bond yields due to growing expectations that the Federal Reserve (the US central bank) will cut interest rates in March. Gold in instant transactions rose 0.5 percent …
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Gold prices surged on Friday to their highest levels in about three weeks as expectations grew that the Federal Reserve would cut interest rates early in the year. This move pushed the dollar and bond yields lower in anticipation of the upcoming US inflation data. As of 0513 GMT, spot …
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Gold prices saw an increase on Thursday, receiving support from a decline in the dollar and lower US Treasury bond yields. Traders, meanwhile, awaited US economic data to gain further insights into the Federal Reserve’s monetary policy expectations. Spot gold rose by 0.4 percent to reach $2,036.60 per ounce as …
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In recent weeks, gold prices have reached all-time highs. Due to its dual function as a store of wealth and a hedge against inflation, the price of gold has a special place in the financial markets.Although gold has broken several records since the COVID crisis began, the recent surge in …
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Gold prices fell on Wednesday to the lowest level in more than three weeks as the dollar rose ahead of a Federal Reserve decision on interest rates and monetary policy indicators later on Wednesday. Gold fell in spot transactions 0.2 percent to $1,975.07 per ounce by 0711 GMT. US gold …
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Gold price hit the daily high of $1996.73 but lost momentum post the US inflation report. The precious metal is trading around $1980 per ounce at the time of writing. The US Bureau of Labour Statistics revealed disinflation in the US, with mixed results in annual and monthly readings. Traders …
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Gold prices have increased following the release of the US CPI data, triggering cautious optimism ahead of Wednesday’s Fed’s Monetary policy decision. Gold prices found some support on Tuesday after a two-day decline, favoured by softer US yields and a weaker US dollar. Geopolitical tensions continue to grow amid news …
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Gold markets have been experiencing a decline since the start of Monday’s North American session due to increased risk appetite and anticipation of interest decisions from the Fed and the ECB. Gold futures fell -1.15%, below $1981, trading at $1980.85 per ounce at the time of writing.Earlier on the day, …
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The US Bureau of Labour Statistics is set to release November’s jobs report on Friday, December 8, with expectations for a 180,000 rise in Nonfarm Payrolls. Gold is expected to react stronger to a disappointing jobs report than an upbeat one. US stocks are trading modestly higher on Thursday, led …
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On Wednesday morning during the early Asian session, the price of gold (XAU/USD) declines. The yellow metal declines due to the renewed demand for US dollars (USD). The US Dollar Index (DXY), which measures the value of the US dollar relative to a weighted basket of currencies that is used …
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