Tag Archives: Gold
Gold prices silences as markets await key Fed decision on rate cuts
Key Points: Gold prices (Symbol: XAUUSD) held near $2,500 per ounce as markets turned to speculate on the Fed’s upcoming interest rate decision, after the U.S. labour market presented a complex picture for investors. Picture: XAUUSD prices silenced as markets await the Fed’s interest rate decision, as observed on the VT Markets app. U.S. economicContinue Reading
Gold struggles for momentum as markets focus on US jobs data
Gold prices remained largely flat on Thursday, reflecting investor caution ahead of the U.S. nonfarm payrolls report. This data could signal future rate moves by the Federal Reserve, particularly with market attention focused on whether a rate cut will materialise at the next policy meeting. -vtmarkets.com
Gold steady after data suggests smaller Fed rate cut
Gold prices held steady on Monday after a 1% decline in the previous session, as recent U.S. inflation data pointed to a smaller-than-expected interest rate cut by the Federal Reserve this month. The precious metal, often seen as a hedge in low-interest-rate environments, faces a delicate balance as traders adjust their expectations. -vtmarkets.com
Gold poised for monthly gain as market focuses on U.S. data
Gold prices (Symbol: XAUUSD) are showing resilience, poised to log their second consecutive monthly gain as market sentiment remains buoyant on the back of potential U.S. interest rate cuts. Spot gold was trading slightly lower at $2,517.91 per ounce, but it remained up by about 3% for the month of August 2024, signalling strong underlying support. -vtmarkets.com
Asian shares fall as Nvidia’s earnings disappoint; investors focus on U.S. jobless claims
Key points: Asian shares declined on Thursday, tracking Wall Street futures lower, as Nvidia’s earnings report did not meet the lofty expectations of bullish investors. Although Nvidia’s third-quarter revenue forecast of $32.5 billion exceeded Wall Street estimates, it fell short of the high bar set by those who had fuelled a 180% rally in itsContinue Reading
Gold prices rise as Fed signals rate cut in September
Gold prices extended their gains as dovish signals from the Federal Reserve Chair boosted expectations for an interest rate cut in September. Discover how these developments may impact the market and traders in the short term -vtmarkets.com
Gold dips as traders eye Fed rate cut and U.S. jobs data
Gold prices have taken a step back from their record highs as traders closely monitor developments around the U.S. Federal Reserve’s rate decisions and upcoming economic data.
Gold remains near a record high on optimism about US rate cuts
Gold prices held close to record highs on Monday as growing optimism around a U.S. interest rate cut bolstered the metal’s allure. Spot gold edged 0.2% lower to $2,501.19 per ounce by 0042 GMT, just shy of Friday’s all-time high of $2,509.65.
Gold prices flat as rate cut hopes dim on US inflation data
Gold prices steady as US inflation data dampens hopes for a larger Fed rate cut. Explore the implications for gold traders and upcoming economic indicators.
Gold prices hold steady ahead of key US inflation data
Gold prices remained stable as traders await crucial US inflation data this week, which could impact the Federal Reserve’s upcoming interest rate decision.
