Gold fell slightly yesterday, to settle at 65583, under the weight of a stronger U.S. currency and expectations for comments from the U.S. Federal Reserve Chair after the central bank’s policy meeting. With recent data indicating strong gains in U.S. consumer and producer prices, damping anticipation for early Fed rate cuts, the market anticipated clarity…
As investors assessed the Federal Reserve’s policy stance, gold experienced a minor disappointment, closing down -0.08% at 62249. To avoid impeding progress in lowering U.S. interest rates, the governor of the Federal Reserve has advocated for caution. The Conference Board announced that the consumer confidence index in the United States fell to 106.7 in February…
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…
