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Top related persons:
Bob Haberkorn - 1 Michelle Bowman - 1 denting - 1 Han Tan - 1
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Budapest Hungary U.S
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Heraeus SA - 1 Solar - 1 New York Federal Reserve - 1 Treasury - 1 Exinity - 1

Search resuls for: "Bob Haberkorn"


4 mentions found


☆ Gold subdued as traders gear up for US inflation print
  + stars: | 2024-01-10 | by ( ) www.cnbc.com   time to read: +2 min
A worker handles an Argor-Heraeus SA one kilogram gold bar at Solar Capital Gold Zrt. Spot gold was down 0.3% at $2,023.48 per ounce. U.S. consumer inflation data is due on Thursday. Economists polled by Reuters see year-on-year inflation at 3.2% in December, but think core inflation likely fell to 3.8%, its lowest since mid-2021. "Still, bullion bulls would have no qualms restoring spot gold back above that psychologically important mark once markets get a firmer grasp on the Fed's policy pivot."
Persons: Bob Haberkorn, Michelle Bowman, denting, Han Tan Organizations: Heraeus SA, Solar, Reuters, New York Federal Reserve, Treasury, Exinity Locations: Budapest, Hungary, U.S
☆ Gold falls for the week on stronger dollar
  + stars: | 2023-05-12 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices fell to a one-week low on Friday, and was lower for the week, weighed down by a stronger dollar and an uptick in U.S. bond yields. Spot gold was last 0.24% lower at $2,010.84 per ounce, after falling as much as 0.7% earlier in the session. U.S. gold futures fell 0.2% to $2,016.40. Spot silver fell 1.02% to $23.9257 per ounce, down about 7% for its worst week in seven months. Fawad Razaqzada, market analyst at City Index, attributed the drop to the dollar rebound and concerns over China's economic recovery.
☆ Gold flirts with all-time highs as banking concerns deepen
  + stars: | 2023-05-04 | by ( ) www.cnbc.com   time to read: +2 min
Ingots of 99.99 percent pure gold are placed in a workroom at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, January 31, 2023. REUTERS/Alexander ManzyukGold made another run toward record highs on Thursday as U.S. banking concerns accelerated a flight to the safe-haven asset and sustained its stellar rally driven by bets for a pause in U.S. rate hikes. Spot gold was up 0.3% at $2,045.79 per ounce after climbing earlier to $2,072.19, shy of a record high of $2,072.49. The Fed Funds target rate stands in the 5%-5.25% range, with markets expecting rate cuts in the second half of the year. In physical markets, lofty prices have tarnished gold demand in top Asian retail hubs.
☆ Gold retreats to weekly loss on hawkish Fed
  + stars: | 2023-04-21 | by ( ) www.cnbc.com   time to read: +2 min
Gold fell sharply on Friday and was headed for its worst week in eight as hawkish remarks by U.S. Federal Reserve officials through the week bolstered bets for at least one more interest rate hike and buoyed the dollar. Spot gold dropped 1.4% to $1,976.27 per ounce by 12:18 p.m. U.S. gold futures fell 1.5% to $1,987.10. Bullion has shed about 1.2% so far this week, pressured by the dollar's gains overall, which made bullion more expensive for overseas buyers. Markets now see an 89% chance of a 25-basis point rate hike at the Fed's May 2-3 meeting.
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