Tag Archives: powell

Gold Price gave up Monday’s gains as the market’s sentiment improved and US 10-year Treasury yields renew three-year high amid aggressive US Fed officials. Gold Price trades near a daily low of $1,910.64, pressured by the upbeat tone of Wall Street, regardless of a solid reason for such optimism. Inflation-related …

Gold prices stabilized on Tuesday as US bond yields rose to multi-year highs following the Federal Reserve’s decisive stance on inflation while escalating conflict between Russia and Ukraine boosted demand for the safe-haven metal. And the price of gold settled in spot transactions at the level of $ 1936.03 an …

The GBP/JPY pair advanced above 157.00 on Monday despite a somewhat risk-off market feel and is eyeing annual highs near 158.00.The pair was lifted by a surge in UK yields in tandem with their global peers. With dovish vibes expected from BoE’s Bailey later this week and fragile risk appetite, …

Gold has advanced on Monday despite the US dollar and yields rising in wake of hawkish Powell commentary. The Gold Index is in the $1940 zone; eyeing recent highs around $1950 as inflation and geopolitical concerns linger.Gold has mostly been trading on the front-foot during US trading hours, despite the …

Gold prices have fallen from their session highs but are still holding on to gains even as Federal Reserve Chair Jerome Powell signed that the central bank could aggressively tighten interest rates more than markets are expecting.The gold market appears to be taking the hawkish comments in stride. April gold …

USD/CAD reached a new daily high after the US central bank raised the benchmark interest rate by 25 basis points, as widely estimated, the first hike since December of 2018. As Fed’s Chair Powell speaks, the USD/]CAD is trading at 1.2716. The Canadian dollar weakened severely, reacting upwards and printing …

Fed Chair Jerome Powell said in his post-FOMC meeting press conference on Wednesday that the Fed will move interest rates higher as quickly as it practically can and will move rates beyond the neutral rate if required. We will not let high inflation become entrenched, he said. Key remarks:“Nothing in …

US Fed Chair Jerome Powell, in his post-FOMC meeting press conference on Wednesday, said that the committee made excellent progress on their balance sheet reduction plan which could be finalized at the next meeting. Key Remarks:“By end of this year, policymakers are broadly at, or above, their estimates of the …

Fed Chair Jerome Powell said in his post-FOMC meeting press conference on Wednesday that the US economy is very strong and the Fed thus expects to reduce the size of its balance sheet. The slowdown from Omicron was mild and brief, Powell added, noting that labour markets are extremely tight …

The Federal Reserve has just raised its benchmark interest rate for the first time since 2018, but it is already time for the market to look beyond this move. While there are complicating factors such as the war in Ukraine, the most prominent issue for the Fed is that economic …