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 …
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 …
Key points: Asian shares followed Wall Street futures lower, with Nvidia’s stock dropping 7.6% after earnings missed bullish expectations. Investors are closely watching U.S. jobless claims and inflation data for potential shifts in Fed policy. Asian shares declined on Thursday, …
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 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 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 …
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 remained stable as traders await crucial US inflation data this week, which could impact the Federal Reserve’s upcoming interest rate decision.
Key points Spot gold increased by 0.3% to $2,387.37 per ounce. U.S. gold futures slipped 0.3% to $2,426.00 per ounce. Market sees a 72% chance of a 50 basis points rate cut in September. Spot gold prices rose 0.3% to …
Gold prices eased as profit-taking takes place but worries about recession and rising expectations of US interest rate cuts limited its downside.
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