[ad_1] Gold prices fell to their lowest point in nearly two weeks on Wednesday, marking the fourth consecutive session of declines as markets adjusted to lower expectations for rate cuts at the U.S. Federal Reserve’s upcoming policy meeting. As of 9:42 a.m. ET (1342 GMT), spot gold decreased by 0.2 per cent to $2,486.99 per…
[ad_1] Gold prices dropped to their lowest level in over a week on Monday as the U.S. dollar strengthened. Investors are now turning their attention to a series of economic data releases expected this week for indications on the scale of rate cuts the Federal Reserve might implement at its September meeting. As of 9:37…
[ad_1] Gold prices fell by approximately 1% on Wednesday, pressured by a stronger U.S. dollar as investors closely monitored key inflation data from the world’s largest economy for indications of the Federal Reserve’s potential interest rate cut in September. By 9:44 a.m. ET (1344 GMT), spot gold had declined 0.9% to $2,502.38 per ounce, after…
[ad_1] Gold prices dropped over 1% on Thursday, weighed down by a strengthening dollar and rising Treasury yields, as traders awaited Federal Reserve Chair Jerome Powell’s speech for further insights on potential rate cuts. As of 12:14 p.m. ET (1614 GMT), spot gold fell 1.2% to $2,483 per ounce, following a record high of $2,531.60…
[ad_1] Gold prices dropped in a volatile trading session on Wednesday after data revealed that U.S. consumer prices rebounded as anticipated in July. This dampened expectations for a significant rate cut by the Federal Reserve next month. Spot gold declined by 0.4% to $2,455.91 per ounce by 1338 GMT, while U.S. gold futures fell 0.5%…
[ad_1] Gold prices surged over 1 per cent to a record high on Tuesday as investors turned to the safe-haven asset following comments from Federal Reserve officials that solidified expectations for a U.S. interest rate cut in September. By 11:01 a.m. ET (1501 GMT), spot gold increased by 1.3 per cent to $2,452.29 per ounce,…
