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.<\/p>\n\n\n\n
Gold continues to move sideways, and we await pending orders<\/p>\n\n\n\n
The market is starting to focus on next week\u2019s FOMC meeting of the Federal Reserve. The majority of the market thinks the Fed could pause in its interest-rate-tightening cycle. However, many market watchers now think that the US central bank will follow the Bank of Canada\u2019s recent moves.<\/p>\n\n\n\n
<\/p>\n\n\n\n
The Bank of Canada raised interest rates by 0.25% this week after a four-month pause. The BoC\u2019s move brings home the reality that a pause needn\u2019t be a pivot. It can also be a way to slow down increases while fresh data come in.<\/p>\n\n\n\n
<\/p>\n\n\n\n
Asian and European stock markets were mostly weaker overnight, while US stock indexes were firmer at midday. In other news, the Eurozone reported that its first-quarter GDP was revised down to -0.1% from the fourth quarter. Meanwhile, the fourth-quarter GDP was revised down to -0.1%. That means the Eurozone technically entered a recession in Q1.<\/p>\n","protected":false},"excerpt":{"rendered":"
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 The market is starting to …<\/p>\n","protected":false},"author":9,"featured_media":70951,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,37,36],"tags":[6932,6885,9278,6984],"class_list":["post-85217","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-boc","tag-fed","tag-gold-price","tag-treasury-yields"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/85217","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=85217"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/85217\/revisions"}],"predecessor-version":[{"id":85218,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/85217\/revisions\/85218"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/70951"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=85217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=85217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=85217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}