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Top related persons:
Brian Lan - 1 Gold - 1 Kevin McCarthy - 1 Edward Moya - 1 Moya - 1 Ross Norman - 1
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London Singapore U.S United Kingdom
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Fed - 2 Federal Reserve - 2 Gold Investments - 1 Bullion - 1 Investors - 1 U.S . House - 1 Senate - 1 GoldSilver - 1

Search resuls for: "Gold Investments"


6 mentions found


☆ Gold prices range-bound as traders measure Fed policy path
  + stars: | 2023-06-01 | by ( ) www.cnbc.com   time to read: +2 min
A one-kilogram gold bar sits at Gold Investments Ltd. bullion dealers in this arranged photograph in London, U.K., on Wednesday, July 29, 2020. Gold prices held steady on Thursday, supported by a pullback in the dollar, although prices moved in a tight range as investors gauged the Federal Reserve's interest rate outlook following a critical vote on the U.S. debt ceiling. The dollar index eased from its highest in more than two months, making bullion less expensive for overseas buyers. On the downside, it has support at $1,955, and remains influenced by the movement of the dollar, he added. Higher interest rates dull the appeal for zero-yield bullion.
Persons: Brian Lan Organizations: Gold Investments, Bullion, Investors, U.S . House, Senate, Fed, GoldSilver, Federal Reserve, Federal Locations: London, Singapore, U.S
☆ Gold hits 2-month low on debt talks progress, rate hike bets
  + stars: | 2023-05-25 | by ( ) www.cnbc.com   time to read: +2 min
A one kilogram gold bar sits on top of silver bars at London bullion dealers Gold Investments in London, United Kingdom, on April 4, 2013. Gold slid to its lowest in two months on Thursday as optimism around the U.S. debt ceiling talks lowered safe-haven demand for bullion and robust economic data fueled bets of another rate hike by the Federal Reserve. Spot gold was 0.6% down at $1,944.45 per ounce, having hit its lowest since March 22. White House and Republican negotiators made some progress in late-night talks over raising the debt ceiling, top congressional Republican Kevin McCarthy said. "A rather impressive round of economic data suggests this economy is still showing so much resilience ... the argument for possibly delivering another rate hike is gaining steam here," Moya added.
Persons: Gold, Kevin McCarthy, Edward Moya, Moya, Ross Norman Organizations: London, Investments, Federal Reserve, White House, Republican, OANDA, Fed Locations: London, United Kingdom
☆ Gold flat as traders gear up for U.S. inflation data
  + stars: | 2023-05-08 | by ( ) www.cnbc.com   time to read: +2 min
A one-kilogram gold bar sits at Gold Investments Ltd. bullion dealers in this arranged photograph in London, U.K., on Wednesday, July 29, 2020. Gold prices were listless on Monday, as cautious investors awaited a key U.S. inflation data due this week that could influence the Federal Reserve's monetary policy stance. Bullion prices fell more than 2% on Friday after stronger-than-expected U.S. payrolls data tempered expectations of interest rate cuts from the Fed. Gold would be among the "prime beneficiaries" if there are further signs of weakness in the U.S. economy, if the stars align for gold, prices could move to $2,100 sooner rather than later, Waterer said. On the physical front, China held 66.76 million fine troy ounces of gold at the end of April, up from 66.50 million ounces at end-March.
☆ Gold off one-year highs as dollar firms ahead of U.S. payrolls data
  + stars: | 2023-04-06 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices slipped from one-year highs on Thursday as the dollar regained some ground, while investors awaited the U.S. non-farm payrolls report to gage the Federal Reserve's monetary policy strategy. The economic data points this week were major components supporting gold prices, he added, while also noting some profit-booking ahead of the Good Friday holiday. Wednesday's data showed the U.S. services sector slowed more than expected in March. While gold is traditionally considered a hedge against inflation and economic uncertainties, higher interest rates dim non-yielding bullion's appeal. Markets see a 53.8% chance of the Fed standing pat on interest rates in May, according to CME's FedWatch tool.
☆ Gold retreats as investors navigate interest rate outlook
  + stars: | 2023-03-02 | by ( ) www.cnbc.com   time to read: +2 min
A one-kilogram gold bar sits at Gold Investments Ltd. bullion dealers in this arranged photograph in London, U.K., on Wednesday, July 29, 2020. Gold prices were lower on Thursday as the dollar firmed, with a fresh set of global economic data cementing investor worries that global interest rates would stay higher for longer than expected. Although considered a hedge against inflation, higher interest rates to tame rising prices increase the opportunity cost of holding non-yielding bullion. Gold prices "are just consolidating. The dollar has strengthened and that's why we see gold prices coming down a little," said Brian Lan, managing director at Singapore-based dealer GoldSilver Central.
☆ Gold firms on softer dollar but Fed's rate-hike views limit advance
  + stars: | 2023-02-23 | by ( ) www.cnbc.com   time to read: +2 min
A one-kilogram gold bar sits at Gold Investments Ltd. bullion dealers in this arranged photograph in London, U.K., on Wednesday, July 29, 2020. Gold prices rose on Thursday, helped by a slight pullback in the dollar, although prospects of U.S. interest rates staying higher for longer kept bullion on a tight leash. Elevated interest rates dampen gold's appeal as an inflation hedge while raising the opportunity cost of holding the non-yielding asset. St. Louis Fed President James Bullard reiterated on Wednesday that a Fed policy rate in the range of 5.25%-5.5% would be adequate to tame inflation. Investor attention is now on the U.S. personal consumption expenditures data, the Fed's preferred inflation measure, due on Friday.
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