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Gold set for weekly loss on inflation, rate hike fears
Gold prices edged lower on Friday and were on track for a weekly loss amid inflation concerns and potential US Federal Reserve interest rate hikes. Spot gold was down 0.3% at $4,200.82 per ounce, as of 0101 GMT, and was set for a weekly loss of 2.8%. US gold futures for August delivery rose 2.6% to $4,222.10. Gold fell to an over six-month low on Thursday before closing higher at $4,219.69 as US President Donald Trump called off planned military strikes on Iran and signalled an imminent peace deal. President Donald Trump on Thursday said the United States and Iran could sign a peace deal as soon as this ... (full story)
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From media.rabobank.com|5 hr agoThe 25bp rate hike was pretty much a done deal prior to the meeting. So, the main question we, markets, and reporters had for Lagarde today was: “What’s next?” The ECB president ...
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From @Trade_The_News|4 hr ago|3 comments(IR) Iran-US MOU would extend ceasefire for 60 days - Axios (More at ) What's in the Iran deal Trump says he's ready to sign. A diplomat involved in the mediation walked me through the latest draft & said "the U.S. & Iran have agreed on the text of a deal" but noted it still needs final sign-off. My story on @axios
From cmegroup.com|3 hr agoCME Group, the world's leading derivatives marketplace, today announced that it will offer 24/7 trading for new, smaller-sized crude oil and gold contracts, pending regulatory ...
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- Jun 11, 10:23pm | 4 hr ago Posted byFundamental Analysis66
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