-
Gold Extends Losing Streak to Third Week Amid Hawkish Fed Signals
The precious metal is experiencing its third consecutive weekly decline as mounting expectations for Federal Reserve interest rate increases and US dollar appreciation continue to pressure prices. Bullion prices retreated approximately 1.8% to reach $4,134 per ounce on Friday. Futures contracts for US gold decreased 2.2% to settle at $4,152. The yellow metal is positioned to register a weekly loss of around 2%. Prices had initially climbed earlier in the week following the announcement of an interim diplomatic agreement between Washington and Tehran. However, these advances quickly evaporated after the Federal ... (full story)
- Comments / Top
- Subscribe
-
- Older Stories
From morningstar.com|5 hr agoCommodities strategists Lina Thomas and Daan Struyven wrote in a note on Thursday that they now see bullion rising to $4,900 an ounce by December - down from a previous forecast ...
From @finsquawk_|5 hr ago|8 commentsIran Rejects Claims On Closure Of Strait Of Hormuz
From channelnewsasia.com|6 hr ago|8 commentsIsrael and Hezbollah have agreed to a ceasefire set to begin at 4pm local time (9pm, Singapore time) on Friday (Jun 19), a senior US official told Reuters. “Hezbollah and Israel ...
-
- Newer Stories
From @LiveSquawk|4 hr ago|6 comments#OOTT | Iran Foreign Minister Araghchi: Any Violation Of Commitments Will Be Directed At The United States - Tasnim pic.twitter.com/ycRnqfdcFN
From apnews.com|3 hr ago|20 commentsTalks between the U.S. and Iran were called off Friday after intense fighting between Israel and Hezbollah in southern Lebanon, officials said, raising questions about an initial ...
From blog.windsorbrokers.com|2 hr 48 min agoGold remains in red for the third straight day, on track for the third consecutive weekly loss, under renewed pressure from Fed’s hawkish steer. Recovery leg from $4000 support ...
- Story Stats
- Jun 19, 10:04am | 4 hr ago Posted byFundamental Analysis83
- Instruments:
