Gold prices fell on the rise of the dollar on Wednesday, as investors await clues about interest rates from US Federal Reserve Chairman Jerome Powell’s testimony before Congress. And gold in instant transactions fell 0.1 percent to 1934.20 dollars an ounce by 1112 GMT, and its movements are limited to …
Read More »Gold is becoming more lustrous with the decline of the dollar
Gold rose on Tuesday as the dollar fell, but gains remained limited as traders await Federal Reserve Chairman Jerome Powell’s testimony before Congress later this week to get a clearer picture of the path of interest rates. Gold spot transactions increased 0.15 percent to $ 1952.98 an ounce by 0926 …
Read More »Gold is losing some luster amid investors’ assessment of the path of US interest rates
Gold recorded some decline in 19 limited transactions, Monday, June 19, under pressure from the strength of the dollar, as investors evaluate the future path of interest rates after the US Federal Reserve’s statements that hinted at future increases. Spot gold prices fell 0.2% to $1953.69 an ounce. US gold …
Read More »Gold rises as the dollar weakens, but the path of raising US interest rates caps the gains
Gold rose on Friday after the dollar hovered near a one-month low, but expectations of an increase in US interest rates this year limited gains. And gold in spot transactions increased 0.3 percent to $ 1964.19 an ounce by 1030 GMT, on its way to rise 0.2 percent this week. …
Read More »Gold rebounds from three-month low on soft dollar
The Gold Index climbed 0.86% in the trading, spurred on by a softer US Dollar and retreating US bond yields. Despite the Fed’s rate hike pause, US Treasury yields are retreating, signaling broad market skepticism over monetary tightening. US Retail Sales see an unexpected rise in May, bucking predictions, but …
Read More »Gold surges on falling T-yields ahead of FOMC decision
Gold price surges as falling US Treasury bond yields enhance the appeal of the non-interest-bearing asset. May PPI data from the US BLS comes below expectations, supporting the precious metal. The US dollar Index falls to a four-week low, expecting a rescue from a hawkish Jerome Powell. At the time …
Read More »T-yields climb as early inflation optimism fades
US 10-year Treasury yields surged on Tuesday, reversing initial declines after economic data pointed to a slowing pace of rising inflation as investors now braced for the Federal Reserve’s policy announcement on Wednesday.The consumer price index (CPI) showed an annual increase in prices of 4% in May, slowing from a …
Read More »Why has GBP/USD dipped from five-week high?
Surging US bond yields constitute one factor why the GBP/USD pair retreated from five-week high. The pair is also eyeing key US and UK economic data releases on Tuesday. This retreat comes after failing to breach 1.2600, so the pair is now trading at 1.2512 amid climbing US Treasury bond …
Read More »Gold shines with the decline of dollar
Gold prices rose sharply in the midday US trading session on Thursday due to the lower US dollar index and declining Treasury yields. August gold futures were last up $24.60 at $1,983.00 and July silver was up $0.796 at $24.325. Gold continues to move sideways, and we await pending orders …
Read More »Gold benefits from declining T-yields, weaker dollar
Gold prices rose sharply in the midday US trading session on Thursday due to the lower US dollar index and declining Treasury yields. August gold futures were last up $24.60 at $1,983.00 and July silver was up $0.796 at $24.325. The market is starting to focus on next week’s FOMC …
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