-
Gold outlook: Metal not out of woods yet as FOMC decision looms
Gold was able to climb in the last two days of last week despite the US dollar and bond yields pushing higher. The precious metal gained ground on Friday as stocks reversed their earlier gains to close lower before falling further today. In other words, the metal has been supported by haven flows in the last few sessions. Gold was attempting to gain further ground today, but unsurprisingly was struggling to do so. Gold investors were wary of the dollar, which remained strong, and the benchmark US 10-year bond yields, which broke out briefly to hit levels not seen since 2007. For the opportunity cost of holding gold ... (full story)
- Comments
- Subscribe
-
- Older Stories
From xm.com|Sep 18, 2023U.S. Federal Reserve officials, who have tentatively embraced the possibility they can squelch inflation without a recession, meet this week with an autoworkers strike, a possible ...
From tippinsights.com|Sep 18, 2023The UAW strike that began September 14th by 146,000 UAW union members seeking a 46 percent pay raise, and a 32-hour week with 40 hours of pay, and restoration of traditional ...
From brecorder.com|Sep 18, 2023Copper was supported on Monday by expectations that the global interest rate tightening cycle is close to ending, but worries about demand in top consumer China and rising ...
-
- Newer Stories
From argusmedia.com|Sep 18, 2023A new wave of UK mining projects for critical minerals production is progressing steadily towards final commercial decisions, supported by high metal prices and increased ...
From @financialjuice|Sep 18, 2023tweet: ECB'S VILLEROY: THE ECB WILL MAINTAIN RATES AT 4% AS NEEDED. tweet: FRENCH HICP INFLATION SEEN AT 5.8% IN 2023 (PREVIOUSLY 5.6%), 2.6% IN 2024 (PREVIOUSLY 2.4) AND 1.8% IN 2025 (PREVIOUSLY 1.9%). tweet: BANK OF FRANCE SEES GDP GROWTH AT 0.9% IN 2023 & 2024. tweet: BANK OF FRANCE CUTS 2024 CORE INFLATION FORECAST TO 2.8% VS 3%.
From fitchratings.com|Sep 18, 2023Growth in India’s commercial-vehicle sales volume will slow to low-to-mid single digits, as rising ownership costs amid additional regulatory requirements and elevated inflation ...
- Story Stats
- Posted: Sep 18, 2023 12:51pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 210
- Linked events:
