Dollar Holds Losses as Markets Await Fed Minutes, Speakers
Treasury yields eased after Fed minutes signaled higher-rate risk, helping spot gold recover about 1% from a two-month low, analysts said.
- On Monday, spot gold climbed 0.3% to US$4,206.01 per ounce, reaching its highest level since October 2. This recovery marks a significant shift as the metal gains traction.
- A muted US dollar and lower oil prices supported the gold recovery, making the precious metal more affordable for buyers holding other currencies. These factors provided a necessary tailwind for the price rebound.
- Market participants are awaiting key US inflation data this week, which will provide essential clues on the Federal Reserve’s next policy moves. Investors remain focused on how this data influences future interest rate decisions.
- CME FedWatch tool data shows traders currently price in an 80 per cent chance of a Fed rate hike by December. This probability reflects ongoing market anticipation of the central bank's potential policy adjustment.
- Geopolitical tensions in the Middle East and the Russia-Ukraine conflict continue to keep gold on investors' radar. Many view the metal as a safe-haven asset during times of significant global uncertainty.
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113 Articles
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برس بيGold prices rose on Monday, supported by a weaker dollar and lower oil prices, as investors awaited key U.S. inflation data this week for clues about the Federal Reserve's next monetary policy move. Spot gold rose 0.3% to $4,206.01 per ounce by 02:53 GMT, after hitting its highest level since October 2 earlier in the day. U.S. gold futures for December delivery also rose 0.3% to $4,230.40. Among other precious metals, spot silver rose 0.5% to $6…
Gold is getting more expensive amid a weakening dollar and lower oil prices
Gold is getting more expensive amid a weakening dollar and lower oil prices. At the maximum, the price of the December futures on the Comex exchange reached $4,232.9 per ounce.As of 13:44 Moscow time, the contract was trading at $4,305.87 per ounce...
The pause in the dollar's rise and US President Donald Trump's statement that he will halt attacks on Iran until the midterm elections in November pushed gold prices higher.
Gold Just Fell to a Two-Month Low as the Fed Signals Another Hike
The Fed just signaled it may not be done raising rates, and gold is paying the price. Here is what the selloff means for miners whose profit forecasts still depend on prices the market has already abandoned.
Business Recorder
The Hindu Business LineGold prices recover from two-month low as dollar rally stalls
Gold prices edged higher on Thursday as the dollar eased from an 18-month peak, helping bullion recover from a two-month low, while traders weighed the prospect of another US Federal Reserve rate hike this year. Spot gold was up 0.5% at $4,132.66 per ounce by 0140 GMT. On Wednesday, bullion prices touched their lowest level since August 5 as a firmer dollar and higher US Treasury yields weighed on the market. US gold futures for December del…
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