Gold dips as US dollar rebounds on fading bets for large rate cut
Gold prices fell on Thursday on a stronger dollar as investors toned down expectations of another big interest-rate cut from the U.S. Federal Reserve, while looking ahead to Friday's payrolls data for further policy clues.
Dollar Likely to Rise Further if Fed Cuts Rates Less Than Forecast
The WSJ dollar index moved higher and the greenback might appreciate further if U.S. economic growth fears prove to be overblown, which could temper Federal Reserve interest rate cuts.
Odds of Fed making another big cut to interest rates in November fades
The odds of another big interest-rate cut from the Federal Reserve in November have been fading ahead of a crucial jobs report for September. Traders in fed-funds futures put the chances of a 50-basis-point rate cut on Nov.
Gold slips on dollar strength; US data eyed for Fed rate cut cues
Gold prices eased on Wednesday as the dollar held firm, while investors looked for more U.S. economic data for further cues on upcoming rate cuts by the Federal Reserve. Spot gold was down 0.5% at $2,
How the Fed will decide its next rate cut
It's been two weeks since the Federal Reserve decided to cut its key interest rate for the first time since 2020 during the Covid-19 pandemic. The decision brought the Fed's Federal Funds Rate down to 4.
Federal Reserve Rate Cut Expected to Downshift, But Larger Cuts Remain Possible
During its remaining policy meetings this year, the Federal Reserve is expected to downshift to smaller interest rate cuts. However, a sharp downturn in the labor market could prompt the central bank to implement a
Dollar hits one-month peak to yen as Fed seen taking time with rate cuts
The dollar rose to a one-month high versus the yen on Thursday as robustness in the U.S. jobs market backed the idea that the Federal Reserve does not need to rush to cut interest rates. The yen came under strong selling pressure on Wednesday after Japan's new prime minister said the country is not ready for additional rate hikes,
Gold trades in a range, edges lower after robust US services sector data
The downside is limited, however, by support from two key factors: safe-haven flows into Gold due to the fear of an ...
US Dollar Forecast: GBP/USD Weakens as Gold Prices Dip on Dovish BoE Outlook
U.S. dollar rallies as Treasury yields rise and geopolitical tensions intensify. Strong labor data dampens gold prices, with ...
Gold prices flat as dollar strength counters safe-haven demand
Gold prices were flat on Wednesday, as a firmer dollar partially offset safe-heaven demand amid heightened Middle East ...
Money Metals Exchange6h
Hungarian Central Bank Announces Increase in Gold Reserves
The Hungarian National Bank has joined the growing number of central banks increasing their gold reserves, adding 15.5 tons ...
US Dollar Forecast: Higher as Strong ADP Jobs Report Pressures Gold and Euro
Stronger-than-expected U.S. payroll data pushes the Dollar Index higher, pressuring gold and weakening the euro. What does ...
Gold Is Now The Second-Largest Central Bank Reserve Asset
According to Bank of America, gold has surpassed the euro to become the second-largest reserve asset after the U.S. dollar.
Money Metals Exchange3d
Gold Overtakes Euro to Become Second-Largest Central Bank Reserve Asset
According to Bank of America, gold has overtaken the euro to become the world’s second-largest central bank reserve asset.
Forex Today: US Dollar recovery continues ahead of next batch of US data
The US Dollar (USD) continues to gather strength against its rivals for the fourth consecutive day on Thursday as market focus shifts to the next set of macroeconomic data releases from the US. The US ...
Gold vs equity: The yellow metal has delivered 28% return in YTD in the US dollar terms
They said that gold buying by central banks worldwide, rising U.S. debt and economic concerns, and a surge in gold ETFs also ...
My Zimbabwe News3d
Zimbabweans reject the ZiG as the “gold-backed” currency loses value again within 72 hours of devaluation
Zimbabwe's newly introduced gold-backed currency, the ZiG, continues its downward spiral against the US dollar, raising ...