Gold Prices Reach a Critical Point: All Eyes Are on Tomorrow - Sözcü Newspaper
6 Articles
6 Articles
Gold prices are trading sideways after falling to their lowest level in more than a month yesterday. Markets are focused on the Federal Reserve's interest rate decision tomorrow and Chairman Kevin Warsh's message.
Gold prices settled on the world market today, Tuesday, after touching its lowest level more than a month ago at the previous meeting, with investors anticipating the interest decision by the Federal Reserve (Central Bank of the United States).
In global markets, gold fell to $4,253 per ounce, reaching its lowest level in the last 5 weeks. It then rebounded to $4,313 due to buying interest.
In global markets, the price of gold per ounce fell to $4,253, reaching its lowest level in the last 5 weeks, due to the US 10-year Treasury yield exceeding 5%, the dollar index approaching 99.60, high oil prices and high inflation pressures, and strengthening expectations of a Fed interest rate hike tomorrow. Following a rebound, the price per ounce was trading at $4,313 as of 06:10 Turkish time. The 50-day moving average is considered a critic…
At 17:30 GMT (00:30 on September 15th, Vietnam time), spot gold prices fell 0.8% to $4,312.59 per ounce, after briefly touching their lowest level since August 7th. Gold prices fell ahead of the US Federal Reserve meeting. Oil prices surpassed $108 a barrel, causing gold prices to fall ahead of the Fed meeting. Domestic gold prices rose slightly, with SJC trading at around 146.2 million VND.
Gold futures in the United States fell 1.3 per cent to $4,351.90.
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