The dollar strengthened on Friday, and some investors booked profits after the metal’s recent run due to growing anticipation of a U.S. interest rate reduction in September. As a result, gold prices fell more than 1%. At $2,404.34 per ounce, spot gold was down 1.7% from its peak. On Wednesday, gold reached a record-breaking $2,483.60….
Yesterday, rising U.S. Treasury yields and a stronger currency put pressure on gold, which finished the day down -0.14% at 715554. According to data from the World Gold Council, central banks purchased a net 10 tonnes of gold in May, a substantial decrease from the 56% increase in April and well below the 42 tonnes…
Gold prices increased by 0.1% yesterday, closing at 71,654, as investors became cautious ahead of important economic data that could affect the Federal Reserve’s interest rate choices. U.S. Treasury yields also stayed steady. According to recent data, consumer spending increased somewhat in May, while U.S. prices remained steady. The Federal Reserve is currently seen by…
The report reflecting the muted U.S. economic activity had an impact on gold’s marginal -0.01% decline to 71,732. Along with notable lower adjustments for April and only a marginal rise in U.S. retail sales for May, this data has kept hopes alive for at least one interest rate cut by the Federal Reserve this year….
Gold fell 0.45% to 71,256 yesterday after hawkish comments in the Federal Reserve’s most recent minutes dampened prospects of a U.S. interest rate drop. The policymakers’ heated discussion about whether the present rates are tight enough to curb inflation was evident in the minutes. Interest rate hikes in the future were discussed, even though it…
Gold had a 0.24% increase, ultimately closing at 62301, as bond yields and the US dollar declined. In order to get insight into prospective interest rate adjustments, investors eagerly await a significant inflation data and remarks from Federal Reserve officials. This week, there are ten lectures by Fed members slated to take place. China’s net…
