Gold holds near 1-week low as Powell sticks to hawkish narrative
(Reuters) – Gold steadied on Wednesday after shedding nearly 2% in the previous session on an elevated dollar, with demand for the non-yielding asset blunted by Federal Reserve Chair Jerome Powell signalling more rate hikes.FILE PHOTO: An employee casts ingots of 99.99 percent pure gold during production at Krastsvetmet precious metals plant in the Siberian […]
Softer dollar sets gold on track for best week since mid-January
(Reuters) – Gold prices climbed to their highest in more than two weeks on Friday and were on track for their biggest weekly rise since mid-January, supported by a softer dollar as investors gauged the U.S. central bank’s policy path.FILE PHOTO: Ingots of 99.99 percent pure gold are placed in a workroom at Krastsvetmet precious […]
Gold loses steam as dollar turns higher, rate worries persist
(Reuters) – Gold prices were set to break a three-session winning run on Thursday, weighed down by a firmer dollar and as bullion’s outlook remains clouded by prospects of further interest rate hikes from the U.S. Federal Reserve.FILE PHOTO: 50g gold ingots are pictured after being minted at the plant of refiner and bar manufacturer […]
Crude oil rises ahead of PMI data from key economies
Crude oil traded higher on Tuesday morning as the market is awaiting February’s PMI (Purchasing Managers’ Index) data from major oil consumers such as the US and China.At 9.53 am on Tuesday, May Brent oil futures were up by 0.21 per cent at $82.21 and April crude oil futures on WTI were up by 0.32 […]
Gold gains as dollar rally cools, but rate-hike fears linger
(Reuters) – Gold prices ticked up on Monday on a pullback in the dollar, although worries around further interest rate hikes from the U.S. Federal Reserve kept bullion near a two-month low.FILE PHOTO: Ingots of 99.99 percent pure gold are placed in a workroom at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, […]
PRECIOUS-Gold eases on worries over higher-for-longer rates
*Gold down 1% this week so far*U.S. Jan PCE data due at 1330 GMT*Fed rates seen peaking at 5.338% in July(Adds comments and details, updates prices)Feb 24 (Reuters) – Gold prices inched lower on Friday as investors fretted that a recent slate of stronger-than-expected economic data from the United States could make the Federal Reserve […]
Gold prices edge down as traders strap in for US Fed policy decision
By Kavya Guduru (Reuters) – Gold prices ticked lower on Wednesday as investors kept to the sidelines ahead of the U.S. Federal Reserve’s policy decision on its interest rate path due later in the day. Spot gold was 0.2% lower at $1,924.26 per ounce as of 0929 […]
Gold set for third monthly rise on softer dollar, US Fed slowdown bets
By Seher Dareen (Reuters) – Gold 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 pared most of its earlier losses on the day, and […]
Gold prices subdued as US economic data backs Fed’s interest rate stance
By Kavya Guduru (Reuters) – Gold edged lower on Friday as robust U.S. economic data was seen as fodder for the Federal Reserve to keep interest rates high for longer, but caution ahead of inflation data and the policy meeting next week put a floor under bullion prices. […]
Gold prices march higher on slower US Fed interest rate hike bets
By Arundhati Sarkar (Reuters) – Gold prices advanced on Tuesday as the dollar’s retreat amid expectations for a less-aggressive interest rate hike from the U.S. central bank made bullion a more attractive bet. Spot gold rose 0.3% to $1,936.62 per ounce by 1137 GMT. U.S. gold futures […]