Aug 22 (Reuters) – U.S. companies increased borrowing to finance equipment investments by 13% in July compared with the previous year, the Equipment Leasing and Finance Association said on Thursday. New loans, leases and lines of credit signed up by companies in July were up 11% from $10 billion a month earlier. “Our latest report
Gold prices fell in Pakistan on Thursday, according to data compiled by FXStreet. The price for Gold stood at 22,446.97 Pakistani Rupees (PKR) per gram, down compared with the PKR 22,526.60 it cost on Wednesday. The price for Gold decreased to PKR 261,825.50 per tola from PKR 262,745.80 per tola a day earlier. Unit measure
Gold traded near a record high as Federal Reserve minutes and a downward revision of US payrolls reinforced expectations that policymakers will cut interest rates in September. All eyes will be on Fed Chair Jerome Powell’s speech at the Jackson Hole symposium on Friday, when he’s expected to set the table for an interest-rate cut.
In the latest episode of the Money Metals Midweek Memo podcast, host Mike Maharrey dived into the ongoing impacts of inflation, Federal Reserve policies, and the latest developments in the gold and silver markets. Maharrey opened the discussion with an analogy comparing the Federal Reserve’s denial of responsibility for inflation to a guilty child refusing
XAU/USD Current price: $2,505.91 The US Dollar eases further after a downward revision to job creation data. The Federal Open Market Committee will release the Minutes of the July meeting. XAU/USD corrective decline may continue, but a steeper decline is out of the picture. XAU/USD trades with modest losses mid-Wednesday, confined to a tight intraday
Gold prices are holding near record highs, moving in a tight range as market participants stay cautious ahead of the FOMC minutes released later today. The latter are expected to offer clues about the Federal Reserve’s policies outlook. Traders are also waiting for Fed Chair Powell’s speech at the Jackson Hole Symposium this Friday, which
Gold Gold we have a potential new leg higher in the longer term 20 year bull trend just starting. Yesterday we hit the first new target of 2525/28, but then collapsed to 2501. Despite this small short term correction we remain in a bull trend of course & holding above 2509/05 today allows a recovery
Gold price holds steady near $2,515 in Wednesday’s early Asian session. The softer USD and bets of Fed easing monetary policy support the Gold price. The Fed Chair Powell’s speech at the Jackson Hole symposium will take centre stage on Friday. Gold price (XAU/USD) trades flat around $2,515 during the early Asian session on Wednesday.
Miners and prospectors of minerals have flagged lengthy and unpredictable licensing regimes in Kenya for hurting investments in the sector. The miners, through the Kenya Chamber of Mines, claim they have to wait for three to six months to get approval for dealership permits while prospecting and mining licences take as much as two years.
Gold prices are off their highs from earlier today and last week as investors factor in some new important ingredients into their trading decisions. Background Gold prices closed in positive territory last week, as the shining metal recorded some really solid gains and closed above the important level of 2,500. Now, traders are asking themselves