Gold (XAUUSD) News, Page 1
- Gold1399.3+8.6900(+0.6200%)17:26:29(GMT)|Real-Time Data, quoted in USD
- Day's Range1381.9 - 1411.2
- Subclass / SectorMetals
Fed’s Bullard May Offer Insight into What It Will Take to Lower Rates in July
It looks as if inflation levels and the labor market will have the biggest influence on policymakers. This puts the emphasis on Friday’s PCE deflator, a major inflation indicator for the Fed, and the July 5 U.S. Non-Farm Payrolls report. Essentially, the decision to cut rates comes down to whether
Weekly Commodity Rundown: Gold Rockets, Crude Soars, Natural Gas Dives
U.S. West Texas Intermediate and international-benchmark Brent crude oil soared last week as a number of bullish factors combined to drive prices to levels not seen in nearly a month. Gold prices rose to a multi-year high after the U.S. Federal Reserve signaled the possibility of a rate cut later
Weekly Wrap – Central Banks, Stats, and Geopolitics Drove the Majors
Economic data took a back seat, as Central Banks took the limelight. In spite of dovish chatter from across the globe, it was the Dollar that sunk…
Gold to Highs Since 2013 on Fed, 100% of Probabilities of a Rate Cut in July
Gold is trading at highs since 2013 as the dollar is getting hurt by the notion that the Federal Reserve will cut interest rates for sure in July.
US Stock Traders Cautious Since July Rate Cut is Still Data Dependent
This is not a panic situation so the Fed’s decision will still be data dependent. If labor market, manufacturing and inflation data continue to come in weak, then they’ll cut in July. If it stays steady or improves, then they won’t. That’s the risk of being “all in” at current
Spot Gold Spikes to 6-Year High on Prospect of Lower US Interest Rates
The U.S. Dollar plunged against a basket of currencies, helping to drive up demand for the dollar-denominated asset. Meanwhile, 10-year U.S. Treasury yields hit their lowest level in nearly two years as investors increased bets on a Fed rate cut in July. U.S. West Texas Intermediate and international-benchmark Brent crude
Investors Betting Fed Will Take More Dovish Approach To Rates
The Fed didn’t surprise anyone with its decision to leave rates unchanged in June, traders had placed only a 20% probability on a rate cut, but the split vote tells investors that a cut is on the way, and its increasingly likely that will be in July, as the price
Gold and Metals on Correction Mode Ahead FOMC Meeting
Gold and other metals are trading in consolidation mode with losses. However, the positive uptrend remains on play as investors are awaiting for the FOMC.
The Week Ahead: The FED, the BoE, Geopolitics and the Stats Are in Focus
It’s a big week ahead. The FED, the BoE, the UK leadership race, and trade war chatter will be in focus along with a busy economic calendar.