Sep 12 2024, 01:47 Gold prices fell on Wednesday as the dollar and Treasury yields firmed after U.S. inflation data prompted investors to scale back expectations of an oversized rate cut from the Federal Reserve next week. Spot gold was down 0.1% at $2,513.19 per ounce at 1:46 p.m. ET (1746 GMT). U.S. gold futures…
Sep 11 2024, 08:15 Gold prices are flat in early Asian trade as the market looks for more clarity on the scale of potential interest rate cuts from the Fed, Daria Efanova, head of research from Sucden Financial writes in an email. “Gold is going about its business, holding near all-time highs, and patiently waiting…
Gold prices eased on Friday, retreating from near-record levels reached earlier in the session, after mixed U.S. jobs data cast doubts on the scale of interest-rate cut from the Federal Reserve later this month. Spot gold fell 0.8% to $2,495.86 per ounce by 1:59 p.m. ET (1759 GMT), having hit its highest since Aug. 20,…
Silver price (XAG/USD) trades with a mild bearish bias near $28.25 on Thursday during the early Asian session. The modest recovery of the US Dollar (USD) weighs on the white metal. However, the rising speculation that the US Federal Reserve (Fed) will cut a deeper interest rate in its upcoming meeting this month might help…
Gold steadied just below $2,500 an ounce as investors took stock after a broad sell-off that rattled equity and commodity markets, with the weakness stoked by concerns about economic growth. Bullion was little changed after losing just 0.3% on Tuesday even as a gauge of the US dollar — a go-to asset at time of market…
Gold held near a record high as traders waited for a US inflation print that may offer clues on the Federal Reserve’s rate-cutting path. Bullion was trading around $2,520 an ounce in Asia hours on pace for a second monthly gain ahead of the core personal consumption expenditures price index due later Friday. The report is expected…
