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Gold steadies as traders look to Fed for interest-rate outlook
Gold was little changed as traders awaited minutes from the US Federal Reserve’s last meeting for fresh insights into the path for US interest rates. Bullion was near US$4,165 an ounce in early trading, after slipping 0.3 per cent in the previous session. The Fed will release details of its June meeting later this week, with bets on tighter monetary policy having eased following weaker-than-expected jobs data last week. “On balance, the market is taking a slightly more cautious view about the prospect for US rate hikes,” said Rhona O’Connell, head of market analysis for EMEA and Asia at StoneX. “This has ... (full story)
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Gold fell about 0.50% on Monday, with XAU/USD trading at $4,153, as firm US yields and a steady dollar limited a post-jobs data bounce even as markets pared expectations for a more hawkish Federal Reserve. The ISM Services PMI eased to 54 from 54.5; however, the Employment Index firmed and the prices paid gauge slowed to 67.7 from 71.3. Rate pricing ...
From miningweekly.com | 17 hr ago
JPMorgan said demand for gold from key sectors would not be as strong as it had expected, limiting the rise in gold prices this year to $4 300/oz in the third quarter and $4 500/oz in the fourth quarter. The bank said the risks to its forecast skew to the downside, given possible early interest rate hikes by the U.S. Federal Reserve if data were to come in ...
From msn.com | 7 hr ago
Demand for gold from key sectors will fail to meet expectations, limiting the rise in gold prices this year to $4,300/oz in Q3 and $4,500/oz in Q4, J.P. Morgan said Monday, after previously forecasting gold prices to climb to $6K by year-end. JPM said the risks to its forecast skew to the downside, given potential interest rate hikes by the U.S. Federal ...
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- Jul 6, 9:01pm | 6 hr ago Posted byFundamental Analysis82
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