Gold prices hovered around six-month highs on Wednesday, cutting short a recent rally as traders bought back into the dollar in anticipation of more cues on monetary policy from the minutes of the Federal Reserve’s December meeting. The yellow metal marked a strong start to the new year as concerns […]
Gold
Gold Slumps Below $1,800 as Fed Fears Resurface
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 […]
Gold steady, Copper Rises Amid Smaller Rate Hike Expectations
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 […]
Gold prices rise for 6th straight day amid easing US bond yields
By Administrator_ India Capital Sands Gold prices edged higher on Wednesday and were on course for a sixth straight session of gains, driven by a dip in US Treasury yields ahead of minutes from the Federal Reserve’s June meeting that could provide more clues on the policy stance. Spot gold rose 0.32 percent […]
Gold Up Ahead of Fed Policy Meeting Details Reveal
By Administrator_India Capital Sands Gold was up on Wednesday morning in Asia, building on its gains from the previous session. Gold futures were up by 0.08% at $1,723.25 after jumping 1.2% during the previous session. Stocks, which usually move inversely to gold, were mostly up. Investors continued to be […]