“The time has come” to cut interest rates – Powell Dollar down 0.8% against its rivals Gold set for a weekly gain Aug 23 (Reuters) – Gold prices gained more than 1% on Friday as the dollar and Treasury yields retreated following comments from Federal Reserve Chair Jerome Powell that signalled an interest rate cut
Gold hit a record high of $2,531.60 on Tuesday Dollar falls to more than seven month low U.S. 10-year yields slip to more than 2-week low Palladium scales more than one-month peak Aug 21 (Reuters) – Gold prices regained lost ground on Wednesday to hover close to their all-time highs after minutes from the U.S.
Gold is up 22% so far in 2024 Minutes of Fed’s July FOMC meeting due Wednesday Holdings of world’s largest gold ETF jump to 7-month high Aug 20 (Reuters) – Gold prices extended their record run on Tuesday, holding firm above the key $2,500 level, driven by a weaker dollar and growing investor confidence that
Markets await US PCE data due on Friday Dollar up 0.6% against its rivals Gold ETFs saw modest net inflows last week- WGC Aug 28 (Reuters) – Gold prices dropped on Wednesday, hurt by a stronger U.S. dollar as investors focused on key inflation data from the world’s largest economy for clues on the size
Markets await PCE data due on Friday Dollar down 0.3% against its rivals Odds of 25 bp US rate cut in Sept at 63.5% -CME FedWatch Aug 27 (Reuters) – Gold prices rose on Tuesday driven by a weaker dollar, with investors awaiting inflation data that might provide insights on the scale of an expected