Gold edges higher on softer oil; Fed rate outlook in focus
Spot gold rose 0.3% as traders priced in a 16% chance of a Fed hike this month and awaited next week’s inflation data.
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9 Articles
Today, gold prices have risen with support from falling oil prices, while investors have been assessing the prospects for the Federal Reserve (Central Bank) to raise interest rates later in the year and seeking new indicators for the Central Bank's policy path. The gold in instant transactions rose 0.3% to $4175.60 per ounce by 24 hours, while American gold forward contracts increased 0.4% to $4196.40. For other precious metals, silver in instan…
Gold started the new week higher as falling oil prices and sell-offs in stock markets intensified the search for safe haven assets. With gold targeting the $4,200 level per ounce, market focus remains on the Fed's interest rate policy and the PCE inflation data to be released next week.
Singapore: Gold prices rose on Monday with support from falling oil prices, while investors evaluated the prospects of the Federal Reserve (United States Central Bank) raising interest rates later in the year and seeking new indicators for the Central Bank's policy path.
Gold started the week higher on expectations that falling oil prices could ease inflationary pressures.
Today, gold prices have risen, with support from falling oil prices, while investors have been assessing the prospects for the Federal Reserve (Central Bank) to raise interest rates later in the year and looking for new indicators for the Central Bank's policy path.
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