Gold Holds Drop as U.S. Data Counter Powell Speech
Wednesday, 17 July 2019 09:25 WIB |
PRECIOUS METALS |GOLDEMAS
Gold held a decline as better-than-projected U.S. data raised doubts over the Federal Reserve™s monetary policy path after an expected interest rate cut at the end of this month.
U.S. retail sales and factory output in June exceeded expectations and underscored steady economic growth. Fed Chairman Jerome Powell saidTuesday the central bank is œcarefully monitoring downside risks to U.S. growth and œwill act as appropriate to sustain the expansion, echoing his Congressional testimony last week.
Spot gold little changed at $1,405.80/oz at 9:07am in Singapore, after -0.6% on Tuesday.
Source : Bloomberg
Friday, 23 August 2019 01:36 WIB
Gold futures declined on Thursday, pressured by strength in bond yields as the Fed™s symposium of central bankers got underway in Jackson Hole, Wyoming.
U.S. Treasury bonds weakened Thursday, sending the benchmark 10-year Treasury note yield up 2.4 basis points to 1.6046%. Rising bond yields can ...
Thursday, 22 August 2019 19:49 WIB
Gold futures headed lower Thursday as bond yields edged up, dimming some of the luster from the precious metal, with the Federal Reserve's annual symposium of central bankers getting underway in Jackson Hole, Wyo.
December delivery was last down $12.10, or 0.8%, to reach $1,503.90 an ounce, after f...
Thursday, 22 August 2019 15:39 WIB
Gold prices fell marginally on Thursday, lingering around the key $1,500 level, as investors awaited the Federal Reserve chair's speech at a global central bankers' conclave for clues on future U.S. interest rate cuts.
Spot gold inched down 0.2% at $1,499.60 per ounce as of 07:47 GMT.
U.S. gold fu...
Thursday, 22 August 2019 08:55 WIB
Gold held a decline as investors await a key address by Federal Reserve Chairman Jerome Powell at the annual Jackson Hole gathering on Friday while mulling the minutes from the central bank™s latest meeting.
Minutes from the July 30-31 meeting released Wednesday showed that Fed officials&nbs...
Thursday, 22 August 2019 01:24 WIB
Gold prices finished unchanged on Wednesday, after spending much of the session losing ground on the back of strength in benchmark U.S. stock indexes.
After future prices settled, minutes from the Federal Open Market Committee's July meeting showed that Federal Reserve officials shied away from say...