US EditionGold prices decline as dollar strengthens, investors await Federal Reserve Appointments - The Arabian Stories News
9 Articles
9 Articles
Spot gold fell 0.1% to $3,376.01 per ounce by 07:12 Abu Dhabi time, after hitting its highest level in
XAU/USD hesitates around $3,400, still holds 20-day EMA
Gold price retraces to near $3,360 as three-day upside move hits pause. Traders remain confident of Fed’s interest rate cuts in September. US President Trump will announce Fed Kugler’s replacement this week. Gold price (XAU/USD) corrects to near $3,360.00 on Wednesday after a three-day winning streak. The precious metal retraces even as traders remain increasingly confident that the Federal Reserve (Fed) will resume its monetary-expansion cycle …
The price of gold was falling due to the upturn in US Treasury bond yields and investor caution over upcoming Federal Reserve appointments
This article was first published on Cedarnews.net. For more exclusive news and reports, visit our website. Gold prices declined during trading on Wednesday, amid a slight rise in the value of the dollar, while investors preferred to wait before US President Donald Trump announces upcoming appointments to the Federal Reserve (the US central bank). Spot gold fell 0.1% to $3,376.01 per ounce by 07:12 Abu Dhabi time, after touching… This article was…
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