Tag Archives: Gold

Central banks are inside the storm amid global tenacious high inflation. The US Fed was the star of Wednesday’s interest rate show. Fed decided to hike rates by 75 bps, the largest since 1994, but dismissed the chances of a 100 bps hike. Fed Chair Powell said it was the …

Gold price witness a firmer rebound after hitting a low of $1,815.00 in the late New York session as the Federal Reserve dictated a 75 basis point rate hike after its two-day policy discussion meeting. Fed chair Jerome Powell went beyond his words, took 75 bps into the consideration, and …

Gold is poised for another downside but a short squeeze is not off the table. The Fed at the top of the hour is expected to seal the deal one way or another.As per the pre-open analysis on gold for the week, Gold, Chart of the Week: XAU/USD bulls need …

Gold prices rose more than 1% on Wednesday, supported by a weak dollar, as investors braced for a possible sharp interest rate hike by the Federal Reserve. Spot gold rose 1.2 percent to $1,829.99 an ounce by 1225 GMT, while US gold futures rose 1.1 percent to $1,832.70. The dollar …

Gold incurred noticeable losses during the previous trading session after it failed to maintain trading above 1850, confirming the break of 1838, explaining in the last report that breaking the mentioned levels is a sign of a shift in the trend to the downside, with targets of 1831 and 1810, …

Gold prices rose on Tuesday from a four-week low, as a halt in the dollar’s rally and US Treasury yields provided some support, but gains were limited by increasing bets that the Federal Reserve will tighten monetary policy significantly. And the price of gold in spot transactions rose 0.3 percent …

Financial markets started the week in risk-off mode and negative sentiment prevailed after the US had reported soaring inflation in May to a multi-decade high. Market participants are looking for a potential 75 bps rate hike as the US Federal Reserve meets this week.Economic Data: The economic calendar remained empty, …

Friday’s US hot inflation reading triggered a flight to safe-haven currencies like the greenback, and precious metals fell.The 2s-10s US Treasury yield curve inverted during the day as a recessionary scenario looms. The CME FedWatch Tool shows that the odds of a 75 bps increase in the June meeting lie …

Gold price is down $27 to $1843, a 1.5% drop. This slump comes after last week’s rise of more than $30 following the CPI report. Today, the market is waiting for the Fed announcement this week. If they decide to deliver higher than a 50 bps rate hike, which would …

The price of gold fell on Monday, after rising to its highest level in a month earlier in the session after strong inflation data in the United States lifted Treasury yields and reduced the attractiveness of safe-haven gold. And the price of gold in spot transactions fell 0.4 percent to …