Gold prices held ground on Monday, buoyed by a weaker dollar and Treasury yields after U.S. Federal Reserve Chair Jerome Powell’s dovish remarks cemented expectations for a September rate cut. Spot gold was steady at $2,510.75 per ounce, as of 0544 GMT, after gaining more than 1% in the previous session. U.S. gold futures were…
Gold prices rose in the Asian session, with spot prices at $4,142/oz and December futures at $4,148/oz. Although risk appetite improved due to progress toward ending the longest US shutdown, concerns over its economic impact kept safe-haven demand strong. The recent strengthening of the dollar did little to halt the rally; gold returned to the…
Sep 25 2024, 07:44 Japanese stocks fluctuated as tech shares followed their US peers higher on a report Nvidia’s chief executive officer was done selling shares. Banks declined after long-term Treasury yields dropped overnight. Topix fell 0.1% to 2,653.09 as of 9:16 a.m. Tokyo time. Nikkei 225 advanced 0.1% to 37,990.03. Mitsubishi UFJ Financial Group contributed the…
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…
Nov 22 2024, 02:14 Presiden Federal Reserve Chicago Austan Goolsbee pada hari Kamis menegaskan kembali dukungannya untuk pemotongan suku bunga lebih lanjut dan keterbukaannya untuk melakukannya dengan lebih lambat, pernyataan yang menggarisbawahi perdebatan bank sentral AS bahwa ini bukan tentang apakah, tetapi seberapa cepat dan seberapa jauh, biaya pinjaman harus diturunkan. Beberapa pembuat kebijakan The…
Emas bertahan di level tertingginya dalam tiga minggu setelah data ekonomi AS menunjukkan perlambatan pertumbuhan, menyebabkan para pedagang mengurangi spekulasi mengenai kenaikan suku bunga Federal Reserve bulan depan. Imbal hasil Treasury turun tipis di seluruh kurva setelah produk domestik bruto (PDB) AS pada kuartal kedua direvisi lebih rendah, sehingga berpotensi mengurangi tekanan pada The Fed…
