rate cuts

Gold Slips as Dollar Rises on Hawkish Cues from Fed Officials

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[ad_1] Last Updated: May 18, 2023, 00:11 IST The dollar’s jump, partly driven by Fed officials generally leaning hawkish overall,” has been weighing on the metals markets, said Jim Wyckoff, senior analyst at Kitco Metals. Spot gold dropped 0.4% to $1,981.29 per ounce by 12:10 p.m. EDT (1610 GMT) after touching its lowest since April … Read more

Dollar Holds Steady as Monetary Policy Outlook Remains Uncertain

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[ad_1] Last Updated: May 11, 2023, 03:32 IST The dollar index in afternoon trading was at 101.48, up 0.1% after hitting a low of 101.21 earlier. (Image: File Photo) A U.S. Labor Department report on Wednesday showed the annual increase in consumer prices dipped below 5% in April for the first time in two years … Read more