Gold News Gold Futures Decline: Gold futures dropped by 0.2% to $2,352.7 per troy ounce. Federal Reserve Commentary : Several Federal Reserve officials made statements that dampened hopes for monetary policy easing. U.S. Dollar Recovery : The precious metal’s decline is influenced by a modest recovery in the U.S. dollar. Interest Rates : Minneapolis Fed…
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Gold News Gold Prices: Gold fell to $2,340 as the DXY (U.S. Dollar Index) rose, with investors looking ahead to key U.S. inflation data that could provide insights on the timing of potential Federal Reserve interest rate cuts. Market Focus: Investors are awaiting key U.S. inflation data that may influence the Federal Reserve’s interest rate…
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Gold News Gold futures rose 0.2% to $2,339.9 a troy ounce. This increase follows losses from Friday’s session, which closed at a two-week low. Focus is on the upcoming U.S. Personal Consumption Expenditures (PCE) price index, due Friday. The PCE index is the Federal Reserve’s preferred inflation measure and may indicate future monetary easing. High…
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Gold News Gold Prices : Gold prices reached a two-week low and are on track for the largest weekly decline in over five months. Federal Reserve Impact : The decline follows a hawkish stance in the U.S. Federal Reserve minutes, reducing expectations of interest rate cuts. Current Prices : Spot gold increased slightly by 0.4%…
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Gold News Gold Prices Decline : Gold prices fell to a one-week low, continuing a three-session decline due to profit-taking and indications from the Federal Reserve that interest rates would remain high for longer. Current and Historical Prices : Spot gold dropped 0.7% to $2,361.76 per ounce, hitting a low of $2,354.79 earlier. It reached…
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Gold News Gold Prices : Steady above $2,400 level. Spot gold at $2,415.35 per ounce. U.S. gold futures down 0.3% at $2,419.00. Bullion hit a record high of $2,449.89 on Monday. Factors Supporting Gold : Fiat currency debasement by the U.S. and developed nations due to rising budget deficits. Stimulus fiscal policy may erode confidence…
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Gold News Asian stocks dipped, while the dollar remained stable as investors awaited the Federal Reserve’s meeting minutes for clues on potential rate cuts. Gold retreated from its all-time high, and crude oil fell due to concerns over prolonged high U.S. interest rates. Cryptocurrencies like ether and bitcoin reached six-week highs, fueled by rumors of…
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Gold News Gold Price Surge: Gold reached a new high of $2,440 an ounce due to expectations of a Federal Reserve rate cut and increased demand for safe assets amid geopolitical risks. Geopolitical Tensions: The death of Iranian President Ebrahim Raisi in a helicopter crash has led to political uncertainty in the Middle East. Concurrently,…
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Gold News Gold prices (XAUUSD) remained strong, trading near $2,385 after a slight decrease from the previous day’s high of $2,397 per ounce. The Dow Jones Industrial Average failed to maintain its position above 40,000 for the first time, with all three major US stock indexes closing lower. A shift in investor sentiment led to…
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Gold News Gold prices remained steady as investors awaited U.S. inflation data for clues on future Federal Reserve interest rate cuts. Spot gold held at $2,359.99 per ounce, trading within a $6 range after a 1% gain on Tuesday; U.S. gold futures rose 0.2% to $2,365.50. U.S. consumer price index data, expected to show a…
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