10-year Treasury yield briefly hits highest level since November
U.S. Treasury yields were little changed on Tuesday to cap off a month of sharp gains, as traders weighed the prospects of tighter for longer monetary policy.The yield on the benchmark 10-year Treasury note was last lower by 1 basis point at 3.912%. Earlier, it touched a high of 3.983%, its highest level since Nov. […]
Gold steady as U.S. rate hike fears persist
A one-kilogram gold bar sits at Gold Investments Ltd. bullion dealers in this arranged photograph in London, U.K., on Wednesday, July 29, 2020.Chris Ratcliffe | Bloomberg | Getty ImagesGold prices were little changed on Thursday as traders waited for U.S. growth data for more clues on the pace of Federal Reserve rates hikes and a […]
Gold steadies on dollar pullback; Fed rate increase fears weigh
Two Argor-Heraeus SA 250 gram gold bars at Solar Capital Gold Zrt. arranged in Budapest, Hungary, on Tuesday, March 22, 2022. Akos Stiller | Bloomberg | Getty ImagesGold prices edged higher on Thursday due to a slight pullback in the dollar and bond yields, although gains were kept in check by evidence of a resilient U.S. […]
The Federal Reserve is likely to hike rates by a quarter point
Federal Reserve Board Chairman Jerome Powell holds a news conference following the announcement that the Federal Reserve raised interest rates by half a percentage point, at the Federal Reserve Building in Washington, U.S., December 14, 2022. Evelyn Hockstein | ReutersThe Federal Reserve is expected to raise interest rates by just a quarter point but also likely […]
Gold trades near 8-month high and analysts expect its rise to continue
Gold bars are displayed at a bullion merchant’s, Baird & Co., in London, U.K., on Friday, March 14, 2008.Graham Barclay | Bloomberg | Getty ImagesLONDON — Gold traded near an 8-month high Tuesday as the precious metal’s strong start to 2023 continued, buoyed by lower yields and a weaker dollar.Spot gold hit $1,881.5 per troy […]