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News about Gold
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US Debt Ceiling Talks Weaken Gold’s Attractiveness
Edward Meer, metals analyst at Marks Financial Services, said gold could stay in the $1965-$2020 range over the next couple of weeks, but the...
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Dollar strength keeps an ounce of gold below $2,000
US President Joe Biden and Republican House Speaker Kevin McCarthy are close to reaching an agreement to avoid an imminent default, and economic concerns...
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Gold drops after Fed hints at keeping interest rates high
Matt Simpson, senior market analyst at City Index, said members of the Federal Reserve have played down the possibility of interest rate cuts this...
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Fluctuations in gold prices, with lingering concerns over US debt
"Gold has seen some stability here this morning, with some buying after the decline," said Bob Haberkorn, chief market analyst at (RGO Futures).
However, the...
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Government and Politics
Dollar Strength and Bond Yields Push Gold Lower for Third Session
Lukman Otunga, senior research analyst at FXTM, said gold's losses were limited by concerns over the US debt ceiling issue and lingering concerns over...
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Concerns over US debt ceiling curb gold losses
Brian Lane, managing director of Gold Silver Central, said while investors see the uncertainties surrounding the US debt ceiling talks and expect a pause...
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Gold Gains Luster on Dollar Weakness and Economic Worries
Annual US consumer price inflation slowed to less than 5% in April for the first time in two years, which could be a reason...
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Gold Maintains Gains After US Inflation Slows
Dollar and Treasury yields fell after the US Labor Department reported that the consumer price index rose 0.4% last month, in line with expectations.
But...
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Gold awaits US inflation data to determine direction
US CPI data is due at 12:30 GMT. Economists polled by Reuters expect a 5.5% year-on-year rise in core consumer prices for April.
Markets...
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Gold rises on concerns over the US banking sector
Although gold is a hedge against inflation, high interest rates undermine the attractiveness of the precious metal, which pays nothing.
Data on consumer prices in...
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Gold Awaits US Inflation Data…Numbers That Will Determine Price
US consumer price data is expected to be released on Wednesday.
Ajay Kedia, director of Kedia Commodities in Mumbai, said that if the inflation report...
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Gold shines bright amid market anticipation of US inflation data
Tim Waterer, chief market analyst at KCM Trade, said any sign of lower inflation would weaken the U.S. currency, due to expectations from the...
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