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Top related persons:
Nicholas Frappell - 5 J.P - 1 Morgan - 1 Jerome Powell - 1 Austan Goolsbee - 1 Tim Waterer - 1 Waterer - 1 Frappell - 1
Top related locs:
U.S U.S . Federal Russia Bukavu South Kivu Province Democratic Republic of Congo Chicago Munich
Top related orgs:
ABC Refinery - 5 U.S - 5 Federal Reserve - 2 Fed - 2 U.S . Consumer - 1 New York Fed - 1 Primera Gold's - 1 Chicago Federal - 1

Search resuls for: "Frappell"


5 mentions found


☆ Gold listless as investors await U.S. data for Fed policy guidance
  + stars: | 2023-09-12 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices settled into a holding pattern on Tuesday as investors awaited U.S. inflation figures that could provide an updated view on interest rates after the Federal Reserve kept the door open for further policy tightening. Spot gold was flat at $1,921.25 per ounce, as of 0510 GMT, while U.S. gold futures eased 0.2% to $1,944.30. Demand for non-interest-bearing gold could take a hit if the Fed further raises U.S. interest rates to quell inflation. Although, a sustained push higher in gold prices likely needs to be catalyzed by an eventual turn towards a Fed cutting cycle, they added. Elsewhere, spot silver rose 0.2% to $23.12 per ounce, platinum climbed 0.2% to $899.90 per ounce and palladium added 0.2% to $1,220.64 per ounce.
Persons: Nicholas Frappell, J.P, Morgan Organizations: Federal Reserve, U.S . Consumer, Fed, ABC Refinery, New York Fed, U.S Locations: U.S
☆ Gold subdued on dollar strength as markets await economic data
  + stars: | 2023-08-01 | by ( ) www.cnbc.com   time to read: +2 min
A technician cleans impurities from melted gold bars at Primera Gold's laboratory in Bukavu, South Kivu Province, eastern Democratic Republic of Congo, May 12, 2023. Gold prices edged lower on Tuesday as the U.S. dollar climbed, while investors looked forward to key economic data this week for signs on how long the interest rates could keep rising to quell sticky inflation. Spot gold was down 0.1% at $1,961.49 per ounce by 0343 GMT, while U.S. gold futures dropped 0.5% to $1,961.10 per ounce. Gold prices ended July 2.3% higher, the biggest monthly rise in four months on expectations that an end to the rate-hiking cycle by global central banks was nearing. This is why the central banks are sticking with the data-dependent mantra," said Tim Waterer, chief market analyst at KCM Trade.
Persons: Jerome Powell, Nicholas Frappell, Austan Goolsbee, Tim Waterer, Waterer Organizations: Primera Gold's, U.S, ABC Refinery, Chicago Federal, KCM Trade Locations: Bukavu, South Kivu Province, Democratic Republic of Congo, Chicago
☆ Gold flat on doubts over U.S. rate hike trajectory
  + stars: | 2023-07-10 | by ( ) www.cnbc.com   time to read: +2 min
Gold and silver bars of various sizes lie in a safe on a table at the precious metals dealer Pro Aurum in Munich. Gold prices were little changed on Monday after U.S. jobs data last week cast doubts over the labor market's strength, prompting investors to be more skeptical of the Federal Reserve's rate hike trajectory. Spot gold was steady at $1,923.62 per ounce by 0347 GMT. Data on Friday showed COMEX gold speculators raised their net long position by 12,733 contracts to 99,205 in the week ended July 3. In other precious metals, spot silver was steady at $23.05 per ounce, platinum fell 0.1% to $907.34 and palladium eased 0.4% to $1,238.86.
Persons: Nicholas Frappell Organizations: Aurum, Labor, ABC Refinery, U.S, West, Trust Locations: Munich, U.S, U.S . Federal, Russia
☆ Gold listless as investors wait for Fed's June meeting minutes
  + stars: | 2023-07-04 | by ( ) www.cnbc.com   time to read: +2 min
Bars of gold are seen at Krastsvetmet, one of the world's largest producers of precious metals, in Moscow, January 31, 2023. Spot gold was little changed at $1,921.39 per ounce by 0241 GMT, while U.S. gold futures were flat at $1,929.10. High interest rates discourage investment in non-yielding gold. Markets will also watch for minutes of the June 13 to14 FOMC meeting being released on Wednesday. While gold prices could recover to $1,940 before a potential drop lower, "the rates background remains a significant drag," Frappell added.
Persons: Nicholas Frappell, Frappell, Masato Kanda Organizations: U.S, ABC Refinery, Investors, Reserve Bank of Locations: Moscow, U.S, U.S . Federal
☆ Gold rises as dollar weakens ahead of Fed decision
  + stars: | 2023-06-14 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices edged higher on Wednesday, helped by a softer dollar as slowing U.S. inflation cemented bets that the Federal Reserve would keep interest rates unchanged later in the day. Spot gold rose 0.3% to $1,948.49 per ounce by 05:00 GMT. Markets are pricing in a roughly 90% chance of the Fed keeping rates unchanged, according to CME's Fedwatch tool. While gold is seen as a hedge against inflation, higher rates to tame price pressures generally weigh on the non-yielding asset's appeal. Spot silver climbed 0.7% to $23.8439 per ounce, platinum rose 0.3% to $979.37, while palladium was flat at $1,361.01.
Persons: Clifford Bennett, " Bennett, Nicholas Frappell Organizations: Federal Reserve, U.S, ACY Securities, Fed, ABC Refinery Locations: Siberian, Krasnoyarsk, Russia, U.S
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