March 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 moreMarch 1, 2024 8:11 am
Spot Silver was little changed not far from a three-day high of $22.785, after the latest US data implied price pressures were easing, while expectations of a Fed interest rate cut in June remained largely unaffected. The US core PCE Price Index, the Federal Reserve’s preferred measure of inflation, rose 2.8% YoY in January, in […]
Read moreFebruary 26, 2024 9:04 am
Futures on US West Texas Intermediate Crude Oil retreated for a second straight trading day on Monday, as the US Dollar remained firm on prospects that higher-than-expected inflation could delay potential interest rate cuts by the Federal Reserve. Markets are now expecting that the US central bank will not begin reducing interest rates until its […]
Read moreFebruary 21, 2024 8:23 am
Spot Silver rose on Wednesday on the back of a softer US Dollar and also underpinned by safe haven buying, as focus sets on the minutes of the Federal Reserve’s January policy meeting due out later in the day. The FOMC minutes could provide more clues regarding the timing of the central bank’s potential interest […]
Read moreFebruary 12, 2024 8:48 am
Spot Gold traded mostly flat at the start of an eventful week, as market focus sets on the US consumer inflation data and on speeches by a host of Federal Reserve officials. At least 7 Fed representatives are scheduled to make speeches this week, following last week’s remarks that the US central bank wants more […]
Read moreFebruary 8, 2024 10:11 am
Futures on US West Texas Intermediate Crude Oil rose for a fourth straight trading day on Thursday, as Israel rejected a ceasefire offer from Hamas, while US gasoline stocks decreased last week. Israel’s Prime Minister Benjamin Netanyahu has rejected Hamas’ most recent offer for a ceasefire and return of hostages held in the Gaza Strip. […]
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