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Top related persons:
Christopher Waller's - 2 Brian Lan - 1 it's - 1 GoldSilver's Lan - 1 Raphael Bostic - 1 Bostic - 1 Matt Simpson - 1 Christopher Waller - 1
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Seoul South Korea Singapore Bangkok Thailand
Top related orgs:
Traders - 2 Korea Gold Exchange - 1 Federal Reserve - 1 GoldSilver - 1 Atlanta Federal Reserve - 1 Co - 1 . Federal Reserve - 1 Index - 1

Search resuls for: "Christopher Waller's"


3 mentions found


☆ Gold near 5-week low as rate-cut optimism tapers
  + stars: | 2024-01-18 | by ( ) www.cnbc.com   time to read: +2 min
Gold bars arranged at the Korea Gold Exchange store in Seoul, South Korea, on Friday, Oct. 13, 2023. Gold prices hovered near five-week lows on Thursday, as hawkish remarks from Federal Reserve officials and robust data dampened investors' expectation for deeper and early interest rate cuts in U.S. this year. The dollar has strengthened substantially in the past few days, putting a strain on gold prices, Brian Lan at the Singapore based dealer GoldSilver Central, said. Money markets were betting on 142 basis points of Fed rate cuts this year, while pricing in a 61% chance of a March easing, according to LSEG's interest rate probability app, IRPR. Lower interest rates decrease the opportunity cost of holding bullion.
Persons: Brian Lan, it's, GoldSilver's Lan, Raphael Bostic, Bostic, Christopher Waller's Organizations: Korea Gold Exchange, Federal Reserve, GoldSilver, Traders, Atlanta Federal Reserve Locations: Seoul, South Korea, Singapore
☆ Gold frail as dollar, yields strength dim shine
  + stars: | 2024-01-16 | by ( ) www.cnbc.com   time to read: +2 min
An employee handles one kilogram gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices were subdued on Tuesday as the dollar and Treasury yields rose, while traders waited to hear from a slew of U.S. Federal Reserve speakers this week for more clarity on the central bank's rate cut prospects. The dollar index touched a 10-day high, making bullion less attractive for other currency holders, while yields on benchmark U.S. 10-year Treasury notes rose above 4%. Elsewhere, European Central Bank officials pushed back against market expectations for rapid rate cuts this year. According to Reuters technical analyst Wang Tao, spot gold may retrace to $2,042 per ounce, after its repeated failures to break resistance at $2,060.
Persons: Christopher Waller's, Matt Simpson, Christopher Waller, Waller, Simpson, Wang Tao Organizations: Co, . Federal Reserve, Index, Fed, Brookings Institution, Traders, Central Bank Locations: Bangkok, Thailand
☆ Fed seen set to raise rates in May, traders bet
  + stars: | 2023-04-14 | by ( ) www.reuters.com   time to read: +1 min
U.S. short-term interest rate futures now reflect the view that a rate hike in May is more than four times as likely as no move, firmer than the chance seen before Fed Governor Christopher Waller's remarks. The current target range is 4.75%-5.00%, up from near zero last March. "If you had told me that we would raise the fed funds rate 500 basis points in one year and nothing appears to be happening that would just be shocking," Waller said in San Antonio, Texas. Traders also trimmed bets the Fed will reduce interest rates later in the year, though they still expect the Fed's policy rate to end the year lower than it is now. Reporting by Ann Saphir; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.
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