Gold prices moved little in Asian trade on Friday after sinking below key levels this week following a sharp rebound in the dollar, with focus now squarely on key U.S. labor market data for more cues on interest rate cuts in 2024. The yellow metal was nursing some losses for the week following a strong…
Gold advances in Asian trade after data showing the U.S. labor market continues to cool. U.S. weekly jobless claims rose more than expected in the week ended Dec. 23. With the U.S. labor market cooling and inflation gradually coming under control, markets see rate cuts from the Fed earlier than previously expected and by a…
Gold was steady after an auction of Treasury notes on Tuesday, with markets bracing for an aggressive path of Federal Reserve interest-rate cuts in 2024. Buyers piled in to sales of US bonds on Tuesday, with the auction for two-year debt priced below its when-issued yield — a sign of greater-than-expected demand. Investors are grabbing prevailing yields before…
Gold steadied following Friday’s dip as investors assess the path for US interest rates next year. The precious metal fell 0.8% on Friday, trimming a weekly gain, after New York Fed President John Williams said it’s premature for officials to begin thinking about cutting borrowing costs. Atlanta Fed President Raphael Bostic told Reuters he expects rate cuts starting in the…
Gold headed for a weekly gain in a market dominated by the Federal Reserve’s strongest indications yet that it will pivot to easing monetary policy next year. The precious metal surged 2.4% on Wednesday when officials at the US central bank said they expect to cut rates by 75 basis points next year, which would be…
Harga emas sedikit bergerak di perdagangan Asia pada hari Rabu (6/12) setelah turun tajam dari rekor tertingginya pada minggu ini, dan para pedagang sekarang mencari lebih banyak petunjuk mengenai kapan Federal Reserve akan mulai memangkas suku bunganya. Data lowongan kerja JOLT yang lebih lemah dari perkiraan untuk bulan Oktober meningkatkan beberapa harapan terhadap melemahnya pasar…
