Gold Prices Decline in Q3 Amid Likely US Rate Hike, Moderate Inflation – News18

[ad_1] Last Updated: July 01, 2023, 02:03 IST New York, United States of America (USA) Prices have shed 2.5% this quarter, dropping from levels just shy of all-time highs at $2,072 in May, caused by nervousness about the health of the U.S. banking sector, to below $1,900 on Thursday. Spot gold rose 0.5% to $1,917.94 … Read more

Gold Prices Slip as US Yields Tick Higher, Focus Still on Fed

[ad_1] Last Updated: June 08, 2023, 00:54 IST New York, United States of America (USA) U.S. gold futures fell 1% to $1,961.50. Spot gold slipped 0.9% to $1,945.99 per ounce by 12:07 p.m. EDT (1607 GMT) Gold prices fell on Wednesday, weighed by an uptick in U.S. bond yields, while investors looked forward to inflation … Read more

Gold Prices Rebound on Weaker US Services Growth, Likely Fed Rate Hike Pause

[ad_1] Last Updated: June 06, 2023, 02:49 IST New York, United States of America (USA) FILE PHOTO: A saleswoman shows gold bangles to a customer at a jewellery showroom on the occasion of Akshaya Tritiya, a major gold buying festival, in Kolkata, India, May 3, 2022. (Image: Reuters) Spot gold gained 0.6% to $1,958.89 per … Read more

Gold Remains Firm Amid Lower Treasury Yields and Dollar Strength

[ad_1] Last Updated: May 31, 2023, 23:48 IST New York, United States of America (USA) U.S. gold futures rose 0.5% at $1,987.20. Spot gold was up 0.4% at $1,967.29 per ounce by 1209 EDT (1609 GMT) on weaker-than-expected Chicago purchasing managers’ index (PMI)data Gold firmed on Wednesday supported by lower Treasury yields but the dollar’s … Read more

Gold Prices Rebound as Investors Await Inflation Data, Fed Rate Cut Speculations

[ad_1] Last Updated: May 08, 2023, 23:43 IST Markets saw a 88% chance of the Fed holding rates at their current level in June, and a 33% chance of a rate cut in July, according to CME’s FedWatch tool. (Representative image/AP) Spot gold rose 0.6% to $2,028.42 per ounce by 11:45 a.m. EDT (1545 GMT). … Read more