-
Gold gains as falling oil prices ease inflation and rate hike fears
Gold price (XAU/USD) gains ground for the second consecutive day, trading around 4,103 per troy ounce during the Asian hours on Monday. Gold prices pushed higher as a sharp drop in oil prices eased market fears over inflation and interest rate hikes, following a weekend pause in military hostilities between the US and Iran. Attention now shifts to a dense week of economic catalysts that could spark fresh market volatility. Investors face an unusually heavy lineup of central-bank decisions, including meetings by the Federal Reserve (Fed), Bank of England (BoE), and Bank of Japan (BoJ), alongside pivotal inflation and ... (full story)
- Comments / Top
- Subscribe
Flyologist
18 hr ago
Permalink
-
Related Stories
The Federal Reserve’s July 28-29 policymaking meeting on interest rates was, frankly, expected to be a snooze fest just a few weeks ago. Now, it’s going to be a humdinger. Economists, traders, and other Fed watchers were forecasting that the Federal Open Market Committee would vote to hold the benchmark Federal Funds Rate steady. This was due to a ...
SNB Expected To Keep Interest Rate At Zero Until End Of 2027 -View Based On Current Forecasts For Inflation And Assumes No Major New Shocks
From cnbc.com | 10 hr ago
Gold prices climbed on Monday as a pause in strikes between U.S. and Iranian forces dragged crude oil prices lower, helping ease inflation concerns and worries about the risk of higher interest rates in a week where policymakers at the Fed are due to meet. Spot gold gained 0.9% to $4,089.03 per ounce, while U.S gold futures for August delivery rose ...
