Gold prices continue to decline despite longer-term increases in rates

Amidst growing speculation that the Federal Reserve will maintain higher interest rates for an extended period, gold prices declined during Asian trading on Monday. Nevertheless, the yellow metal managed to remain above crucial levels due to safe-haven demand and short-term dollar weakness. In January, traders unwound bets that the Fed would start lowering interest rates…

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The dollar held below 104 as investors processed the most recent CPI statistics, leading to increases in gold

The dollar index stayed below 104, and gold showed a slight rise, closing at 61,181, up 0.1%. Awaiting the Federal Reserve’s policy announcement on Wednesday, investors were intently examining the most recent Consumer Price Index (CPI) report. In line with market predictions, the U.S. consumer price inflation rate decreased to 3.1% in November, the lowest…

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World Gold Council: Q3 central banks will continue to acquire gold at unprecedented levels, supporting gold prices

Global central banks have been purchasing gold at an unprecedented rate, which has increased demand for the metal (excluding OTC) to 1,147 tons in the July–September quarter, 8% more than its five-year average, according to the most recent data. The third highest quarter in the World Gold Council’s data series saw net central bank purchases…

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The U.S. dollar lost ground on six-month highs reached last week, while gold prices rose to two-week highs on Tuesday as investors’ attention turned to the Federal Reserve’s two-day policy meeting, which gets underway later in the day. FUNDAMENTALS After reaching its highest price since September 5 earlier in the session, spot gold was stable…

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