US EditionGold Rises on Weaker U.S. Dollar as Investors Eye Trade Developments
UNITED STATES, JUL 20 – Fed Governor Christopher Waller calls for a 25 basis points rate cut at the next meeting amid slowing GDP and trade tensions, with gold prices up nearly 30% this year.
- Last week, Fed Governor Christopher Waller called for a 25 bps rate cut, pointing to the next FOMC meeting on July 29th.
- Amid forecasts of slowing growth, Christopher Waller said that forecasted 1% GDP contrasts with 2024’s 2.4%, indicating a slowdown in economic momentum.
- This past week, investors focused on upcoming speeches from Fed Chair Jerome Powell and Governor Michelle Bowman for fresh policy signals, while strong US data has tempered expectations for near-term Fed easing.
- Following dovish remarks by Fed Governor Christopher Waller, markets now anticipate two 25 bps rate cuts before year-end, and Waller's comments weighed on the greenback.
- Amid global monetary divergence, the European Central Bank is expected to hold rates steady at 2% after Jul 24, and investors will watch trade talks ahead of the Aug. 1 reciprocal tariffs deadline.
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Gold rates in Hyderabad cross Rs 1 lakh mark, near all-time high
Hyderabad: Gold rates in Hyderabad once again surged on Tuesday, July 22, to hit a near all-time high due to uncertainties. Amid a pick-up in demand, the price of 10 grams of 24-carat gold reached Rs 1,01,290 on Tuesday. Reason for surge Bullion traders said that the pick-up in demand helped the rally in the precious metal. Moreover, gold rose on Tuesday amid uncertainties related to US tariff policy and a pullback in the US dollar. Uncertainty …
Gold prices jumped above $3,390 an ounce, hitting their highest level since mid-June, as a weakening U.S. dollar and falling Treasury yields boosted demand for the precious metal amid rising trade tensions.
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Coverage Details
Total News Sources35
Leaning Left2Leaning Right3Center2Last UpdatedBias Distribution43% Right
Bias Distribution
- 43% of the sources lean Right
43% Right
L 29%
C 29%
R 43%
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