Gold has slightly changed in Asia on Thursday morning. Investors digested remarks from a top U.S. Federal Reserve member indicating that the central bank may begin asset cutting sooner than expected. Gold futures were trading at $1,813.60. Gold gained more than 1% in the previous session after the United States issued economic data showing that …
Gold fell in Asia on Tuesday morning. Investors awaited the latest U.S. jobs report to forecast the Federal Reserve’s next policy move. Gold futures fell 0.49 per cent to $1,813.35 per ounce but remained over the $1,800 level. Investors somewhat reassure by Fed Chairman Jerome Powell’s statement that interest rate hikes were a long way …
Gold rose to its highest level in almost a week in Asia on Thursday morning. In its most recent policy decision, the Federal Reserve of the United States did not specify a date for its tapering intentions but did state that it was way away from considering interest rate hikes. Gold futures were up 0.81 …
On Monday morning, gold was higher in Asia. The US dollar is holding steady, and investors anticipate the Federal Open Market Committee’s (FOMC) policy announcement later this week. By 12:52 a.m. ET (4:52 a.m. GMT), gold futures had risen 0.28 per cent to $1,806.90 per ounce, barely above the psychological level of $1,800 per ounce. …
Concerns over recent COVID-19 outbreaks involving the Delta form in numerous nations boosted the safe-haven yellow gold on Tuesday morning in Asia. Gold prices recovered from Monday’s early losses in the evening session. According to HDFC Securities’ Senior Analyst (Commodities), Tapan Patel, falling U.S. Treasury yields and mounting viral cases have bolstered gold demand. Gold …
Gold and silver prices are trading near-constant in early Thursday trade in the United States. The market is anticipating Federal Reserve Chairman Jerome Powell’s testimony before a Senate committee, following his dovish comments on monetary policy to a House of Representatives panel on Wednesday. Gold futures for August were up $1.40 at $1,826.40 per ounce, …
Investors focused on U.S. inflation data, which could shed more light on the Federal Reserve’s policy tightening timeline. Hence, on Tuesday, gold prices remained stable in a narrow range. By 0619 GMT, spot gold was up 0.1 % to $1,808.24 per ounce. Meanwhile, US gold futures were up 0.2 % to $1,809.10. The dollar index …
On Wednesday, gold prices held firm near the vital USD 1,800/ounce psychological level. It received support from a drop in US Treasury yields, as investors awaited minutes from the Federal Reserve’s June meeting for more clues on the Fed’s policy outlook. As of 05:00 GMT, spot gold was up 0.1 percent at USD 1,797.84 per …
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