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 "carefully monitoring downside risks to U.S. growth and œwill act as appropriate to sustain the expansion, echoing his Congressional testimony last week.
Spot gold -0.3% at $1,402.58/oz, after -0.6% on Tuesday.
Spot silver +0.1% after jumping 1.1% on Tuesday and breaking above a psychological level of $15.5/oz.
Source : Bloomberg
Gold futures settled higher on Wednesday, then inched lower in electronic trading after the Federal Reserve held a key U.S. interest rate steady at a range of 1.5% to 1.75%, as expected. Following the Fed news, which came after gold futures settled, February gold was at $1,473.10 an ounce in electr...
Gold inched up on Wednesday as investors sought safety from the threat of new U.S. tariffs on Chinese goods coming into effect on Dec. 15, while also awaiting policy decisions from major central banks. Autocatalyst metal palladium held just shy of an all-time record high. Spot gold had gained 0.2% ...
Precious metals drifted as traders await Wednesday™s Federal Reserve meeting. Palladium held near $1,900 an ounce after smashing fresh records Tuesday. Spot gold edged 0.2% higher to $1,467.24/oz by 10:15am in London.Spot silver, platinum and palladium also little changed. Bloomberg Dollar S...
Gold held a modest advance as traders awaited the Federal Reserve's final gathering of the year, while weighing the latest smoke signals on the trade front in the countdown to the next set of U.S. levies on Chinese goods. Palladium was near a record as platinum fell. Bullion kept to a narrow r...
Gold prices are flat in early Asian trade before the Fed's interest rate decision later in the day. Gold prices could rise to $1,550/oz next year mainly because the low or negative interest rates in the global economy are expected to stay thanks to the expansionary monetary policies pursued by majo...