Shafaq News: Gold Jumps 2% Globally After US Statements
4 Articles
4 Articles
Shafaq News - Gold rose more than 2% on Thursday evening after traders lowered their expectations for an interest rate hike this September, following comments from US Federal Reserve Chairman Christopher Waller that he would support keeping interest rates unchanged if data continued to show easing inflationary pressures. Spot gold rose 2.3% to $4,488.54 per ounce by 2:04 PM EST (9:04 PM Baghdad time), after hitting its highest level since August…
News Shape - Gold continued to rise by more than 2%, Thursday evening, after clients reduced their expectations of raising interest rates in September, following US Federal Reserve Governor Christopher Waller's statement that he would support keeping interest rates unchanged if data continued to show a decline in inflationary pressures.
An increase in the rate that had been predicted for September since last Friday (28) is now less likely in the market view
The most liquid gold contract rose almost 3% this Thursday (3) following statements by the director of the Federal Reserve (Fed) Christopher Waller who reduced the expectations of increase in interest at the next monetary policy meeting of the American BC. An increase in the rate that had been precised for September since last Friday (28) is now less likely in the market view, contributing to the fall of the dollar and the revenues of the Treasu…
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