Gold set for third monthly rise on softer dollar, Fed slowdown bets
Gold bars are displayed at a bullion merchant’s, Baird & Co., in London, U.K., on Friday, March 14, 2008.Graham Barclay | Bloomberg | Getty ImagesGold prices on Tuesday were on track for their third straight monthly gain, helped by an overall weaker dollar and expectations around slower rate hikes from the U.S. Federal Reserve.Spot gold […]
Gold ticks up as dollar slips ahead of Fed meeting
Pure 1,000-gram gold bars produced by South Korea’s LS-Nikko are stacked in a dealers room in Seoul on January 9, 2009.KIM JAE-HWAN | AFP | Getty ImagesGold prices inched higher on Monday as the U.S. dollar eased, while market participants globally awaited a slew of central bank meetings with the main focus on the Federal Reserve.Spot gold rose […]
Gold rises 1% on slower Fed rate-hike prospects
Hand holding gold bullion.Edgar Su | ReutersGold prices scaled an over nine-month peak on Friday, holding above the key pivot of $1,900 per ounce, as cooling U.S. inflation raised hopes for slower interest rate hikes from the Federal Reserve.Spot gold rose 1.3% to $1,920.70 per ounce, the highest since end-April 2022. The metal has risen 2.9% so far this week.related investing […]