May 13, 2024 8:45 am
Spot Gold retreated on Monday, as investor focus now sets on US producer price and consumer price inflation reports this week, which may provide more clues on the Federal Reserve’s interest rate trajectory. Annual headline consumer inflation in the United States probably slowed to 3.4% in April, according to market consensus, from 3.5% in March. […]
Read moreApril 22, 2024 7:35 am
Spot Silver retreated more than 3% on Monday, as fears of a wider conflict in the Middle East eased, while trimming demand for safe haven assets. Iran has downplayed Israel’s retaliatory drone strike against the Islamic state – a move meant to avert conflict escalation in the region. The yield on 10-year US Treasury Notes […]
Read moreApril 15, 2024 9:32 am
Having registered a fresh all-time high of $2,431.29 per troy ounce last Friday, Spot Gold remained supported by safe haven buying as investors closely watched developments in the Middle East. “Gold remains in vogue as a financial asset given the combination of geopolitical risks and the prospects of Fed interest rate easing in the second […]
Read moreApril 8, 2024 7:36 am
Spot Silver registered a fresh 34-month high of $28.088 on Monday, even after the latest blowout employment data out of the US prompted investors to pare expectations of a June interest rate cut. Data showed last Friday that US employers in all economic sectors excluding farming had added 303,000 jobs in March, or the most […]
Read moreApril 1, 2024 7:26 am
Spot Gold rose to a fresh all-time high of $2,265.77 per oz. on Monday, after the latest US PCE inflation data reinforced expectations that the Federal Reserve would likely cut interest rates in June. Data showed last Friday that annual core PCE inflation had eased to 2.8% in February, or the lowest rate in almost […]
Read moreMarch 21, 2024 8:40 am
In early 2024, gold’s price reached $2,200 per ounce, with many predictions showing further increases in the price by the end of the year. There are several factors that will affect the precious metal’s value, and we cover different experts’ forecasts to provide an informative guide on the gold price in 2024. Key Takeaways: Gold […]
Read moreMarch 21, 2024 7:51 am
Spot Gold registered a fresh all-time high of $2,222.91 per oz. on Thursday, as the US Dollar and Treasury yields edged lower after the Federal Reserve signaled three rate cuts before year-end. The Fed left its federal funds rate target range without change at a 23-year high of 5.25%-5.50% for the fifth straight policy meeting […]
Read moreMarch 18, 2024 8:07 am
Spot Gold edged lower on Monday, as the US Dollar remained firm near a two-week high of 103.514 ahead of a host of major central bank policy meetings this week. The Federal Reserve is largely expected to keep interest rates on hold on Wednesday, while investor attention will firmly be on Fed Chair Jerome Powell’s […]
Read moreMarch 12, 2024 7:49 am
Spot Silver edged lower on Tuesday, while holding not far from last Friday’s 14-week peak of $24.636, as market players awaited the key US CPI report that may provide further clues on the timing of the Federal Reserve’s first rate cut. Annual headline consumer inflation in the United States probably remained steady at 3.1% in […]
Read moreMarch 8, 2024 8:43 am
Spot Gold traded in proximity to a fresh all-time high of $2,168.78 on Friday and looked set for a 3.92% weekly advance, as the US Dollar and Treasury yields eased on mounting bets that the Federal Reserve will begin reducing interest rates this year. “While a spur of short-term speculative activity primarily driven by Commodity […]
Read more