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Gold futures rose on safe-haven demand despite Fed hike fears
August Gold futures posted strong single-session gains as geopolitical tensions in Eastern Europe reinforced safe-haven demand. Recent military escalations between Russia and Ukraine have pushed conflict risks back to the forefront, encouraging investors to maintain elevated gold allocations. However, market expectations for monetary policy are also shifting, with swaps traders pricing in a higher probability of a Federal Reserve rate hike following comments from Cleveland Fed President Beth Hammack. Higher rate expectations increase the opportunity cost of holding non-yielding precious metals, creating a complex ...
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From monetamarkets.com | 21 hr ago
Global markets remained cautious as escalating tensions between the United States and Iran continued to drive safe-haven demand, while expectations of further Federal Reserve interest rate hikes reinforced support for the US Dollar. Precious metals attracted defensive flows but faced headwinds from higher rate expectations and Dollar strength. Meanwhile, ...
From investinglive.com | 5 hr ago
A rare sign of diplomatic life around the Iran conflict emerged on Wednesday, with Iran's Interior Minister Eskandar Momeni visiting mediator Pakistan and asking Islamabad to continue its efforts, according to a Reuters report, even as gold and oil both pushed higher on the underlying conflict that has dominated markets this week. Spot gold rose circa 0.9 ...
From advisorperspectives.com | 16 hr ago
Gold and silver rose on dip-buying, as traders monitored Middle East tensions for signs that higher energy costs could stoke inflation, putting pressure on the Federal Reserve to tighten policy. Bullion advanced as much as 1.9% to trade above $4,080 an ounce, while silver jumped as much as 5% — the most in more than five weeks — to just below $60 an ounce. ...
