Gold Price Rises as Dollar and Yields Slip on US Jobs Data – News18

[ad_1] Last Updated: July 08, 2023, 01:38 IST New York, United States of America (USA) Gold remains stubbornly bid – trading higher even before the number. Today’s report has given bulls some relief, at least short term, said Tai Wong, a New York-based independent metals trader. Gold prices rise as weaker US nonfarm payrolls cast … Read more

Gold Prices Rise as Weak US Economic Data Spurs Fed Rate-Hike Reassessment – News18

[ad_1] Last Updated: July 05, 2023, 02:13 IST New York, United States of America (USA) Previous flare-ups also benefited the U.S. dollar, reducing demand for gold. Spot gold rose 0.4% to $1,928.09 per ounce by 09:31 a.m. EDT (1331 GMT), with trading volumes likely thinned by a U.S. holiday Gold prices edged higher on Tuesday … 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 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