Near-future sentiment will depend on a Federal Reserve meeting outcome. A prospect of a slower rate hike or pause will lead to bullish momentum in Gold prices or vice versa. Gold prices trading with minor gains. The trading range is extremely narrow as a result of traders bracing themselves for
In anticipation that the Fed will pause its rate hike cycle or not, Gold prices turned in sluggish mode since the start of the month. The instrumental trading was indecisive as markets hunkered down before a Federal Reserve interest rate decision next week. Amid speculation over whether the central bank
The Wednesday morning was filled with a slew of information. Some have already been released, and some are yet to be released. The Manufacturing and Non-Manufacturing PMI numbers signal a slowing economy in China. It has created fluctuations in the market for gold rates. The US debt ceiling cues have
If there is a favourite commodity, every single trader would say the same thing. “I’m interested in trading in gold” Gold can be considered one of the favourite metal asset classes when trading in the Commodity market. It appeals to all trades ranging from intraday, technical analysts or basically anyone
Gold prices had a volatile trade last week. Prices tumbled below a two-week low, followed by hawkish signals from the Federal Reserve. Further, uncertainty over the U.S. debt ceiling sparked a rebound in the dollar and Treasury yields. The yellow metal tumbled below 59540, the lowest level since 24 April
Dollar strengthened more than half percent against a basket of major currencies on Thursday. Currency sparked to the one week high after recent jobless claims data strengthened the case for the Federal Reserve to halt interest rate hikes, but kept a high bar for a year-end cuts. The number of
Gold prices made a historical high yesterday. Prices jumped more than 1.50%. As more signs of slowing economic growth fed into safe haven demand for the yellow metal. Yellow metals rose abruptly, as after the U.S. dollar tumbled to a two-month low. Currency dropped towards day’s low 101.459 after weak
Gold prices sparked for the third consecutive day yesterday. Prices jumped by 0.64%, and settled above 59300. Fed rate policy speculation, falling dollar and jitters of a potential banking crisis put the yellow metal on course for a sharp rise this month. Gold prices shot up through March as fears
