Tag Archives: Gold

US monetary policymakers opted a 75bps rate hike. Markets expected this move; a historically large hike. Jerome Powell explained that Fed would likely stop hiking once inflation is controlled. If unemployment rises, the job market weakens, and the US falls into a recession, Fed would ease policy due to lower …

Gold trades at $1768 per ounce at the time of writing. The Gold Index rebounds after hitting a fresh low, at the same time, US yields erase earlier gains, back near recent lows. Gold prices benefited from Friday’s weaker US dollar during the American session.Gold continues to shine as it …

Gold prices rose on Friday as the dollar and bond yields continued to decline in the wake of US economic data, setting the yellow metal on course for its best week in nearly five months. By 0616 GMT, gold in spot transactions increased 0.6 percent to $ 1766.08 an ounce. …

Gold price advances more than 1%, recording back-to-back gains for the first time since July 21-22. The US Q2 GDP, on its preliminary reading, contracted, meaning the US is technically in a recession.The US economic calendar on Friday will update the Fed’s favorite inflation gauge, alongside the UoM Consumer Sentiment.Gold …

Gold prices rose to a 3-week high on Thursday, July 28, after Federal Reserve Chairman Jerome Powell suggested the US central bank may slow the pace of interest rate hikes in the coming months, affecting the dollar and US Treasury yields. Spot gold rose 0.7% to $1,745.20 an ounce, its …

The fears of the US economic slowdown as portrayed by the US Treasury yield curve appeared to have recently creeped among the optimists. US government bond market is sending a fresh batch of signals that investors are increasingly convinced the Fed’s aggressive actions to tame inflation could result in recession. …

It has been a big Wednesday for gold. FOMC decision should help convince Wall Street that a peak in Treasury yields (10-year) is in place. The Fed is still committed to fighting inflation and the market is getting very close to pricing in peak tightening.Gold looks like it could continue …

The Gold Index is displaying back and forth moves in a narrow range of $1,713.92-1,721.97 as investors are awaiting the announcement of the fourth consecutive interest rate decision by the Fed. The precious metal has displayed a complete volatility contraction, which indicates that now the monetary policy announcement is the …

Gold prices rose somewhat on Tuesday and swung within a narrow range during the day as the dollar weakened, while investors avoided big bets ahead of an expected hike in US interest rates. And the gold price rose 0.5 percent in spot transactions to $1,726.83 an ounce by 0725 GMT. …

Gold turns negative as market sentiment deteriorates. The Gold Index slides below $1720, rejected again from above $1730. Meanwhile, the US Dollar recovers momentum, erases losses.Gold prices failed to hold to gains on Monday, hit after Gazprom’s announcement that will slow flows on the Nord Stream 1 pipeline, triggering a …