Gold holds firm at around $1,835 as traders awaiting Fed minutes. Money market futures began to price in interest rates in the US in the 5.25%-5.50% range.Gold price recovers some ground, though it remains almost flat compared to its opening price. However, it clings to minimal gains before the release …
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Gold prices rose slightly on Wednesday as investors awaited the minutes of the latest monetary policy meeting at the Federal Reserve to assess the chances of further raising interest rates. Spot gold rose 0.1 percent to $1,835.79 an ounce by 0643 GMT. And gold futures contracts in the United States …
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Gold prices did not witness noticeable movements during the previous trading session within a narrow price range between 1843 and 1830. Technically, gold prices attempted to recover and compensate for part of their previous losses, recording a high of 1843. However, with a closer look at the 4-hour chart, we …
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Gold rose slightly on Tuesday, as it was confined to a narrow range as investors refrained from forming large positions ahead of the release of US economic data that may affect the Federal Reserve’s interest rate strategy. Gold rose 0.1 percent to $1,842.37 an ounce at 0245 GMT, while it …
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By the end of last week’s trading, gold prices were able to touch the first official stop for the current downward wave, as we mentioned at the price of 1828, recording its lowest level at $1821 per ounce. Technically, gold prices attempted to recover and compensate for part of their …
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As bond yields surge, investors Advised To Build Strategic Position in the gold marketEconomists do expect to see lower gold prices in the near term as markets begin to price in further aggressive monetary policy action from the Fed. Higher inflation prompted markets to price in a 21% chance that …
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Gold prices fell on Monday, affected by the rise in the dollar, and after recent US economic data raised concerns that the Federal Reserve may raise interest rates further. The spot gold price fell 0.2 percent to $1,837.59 an ounce by 0048 GMT. US gold futures fell 0.1 percent to …
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The US dollar achieved strong gains in the last trading week, driven by a series of strong US economic data, with the markets increasing expectations that the US Federal Reserve will continue its tightening approach. In terms of weekly trading, the US dollar recorded a strong rise in today’s trading, …
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US Treasury bond yields ended Friday’s trading in a bearish direction on weaker risk appetite after rising expectations of raising the federal interest rate based upon the latest US inflation readings. US Treasury bond yields for ten years fell to 3.821%, compared to the previous daily close of 3.862%.Last week’s …
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Gold price is expected to finish the week with around 1.60% loss, below the $1850 level. Gold spot price tumbled for the third day, down almost 0.65% after US economic data throughout the week, turning market sentiment sour on speculations that further Fed tightening is looming. At the time of …
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