Category «Gold»

Gold Slumps Below $1,800 as Fed Fears Resurfacea

Gold Slumps

Gold prices sank below key levels on Tuesday, with metal markets back under pressure as stronger-than-expected U.S. data boosted the dollar and ramped up uncertainty over strength in the U.S. economy and how the Federal Reserve will respond to it. The dollar rose for the first session in four on Monday, recovering from a five-month …

Gold steady, Copper Rises Amid Smaller Rate Hike Expectations

GOLD STEADY

Gold prices steadied on Wednesday, while copper extended strong gains as risk-driven assets rallied on expectations that the Federal Reserve will hike interest rates at a slower pace in the near-term, which also trimmed dollar gains. A growing number of Fed officials said in recent weeks that the central bank is likely to raise interest …

Gold, Copper Slip as Powell Dashes Fed Pivot Hopes

GOLD COPER

Gold prices fell on Thursday, reversing recent gains as hawkish comments from Federal Reserve Chairman Jerome Powell dashed hopes that interest rate hikes will end soon, while copper prices were also hit by uncertainty over China withdrawing its zero-COVID policy The Fed hiked interest rates by an as-expected 75 basis points (bps), and said that …

Gold Buoyant Before The Fed, Copper Rallies on China COVID Hopes

Gold Buoyant Before

Gold prices held recent gains on Wednesday as the dollar steadied before the conclusion of a Federal Reserve meeting, while copper prices were lifted by speculation over China potentially relaxing its strict zero-COVID policy Spot gold steadied around $1,648.23 an ounce, while gold futures rose 0.1% to $1,650.80 an ounce. Both instruments jumped from a …

Gold Treads Water as Investors Await U.S. Inflation Report

Gold Treads Water as Investors Await U.S. Inflation Report

By Administrator_India Capital Sands Gold steadied as investors await Thursday’s U.S. inflation report that may provide clues on the Federal Reserve’s monetary policy path. On Wednesday, the 10-year Treasury yield fell below 1.5% for the first time in a month, helped by a strong auction, while the rate on the U.S. long bond dropped to a level …

UK PM Boris Johnson says too early to say when national lockdown will end

UK PM Boris Johnson says too early to say when national lockdown will end

By Administrator_India Capital Sands Boris Johnson: The new strain of coronavirus and the fresh set of crises brought forth by it for the United Kingdom apart, UK Prime Minister Boris Johnson hasn’t been viewed too positively for his handling of the pandemic, if reports are to be believed. In March he had said that he …