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Gold set for monthly dip on rate caution; Fed in focus
  + stars: | 2024-01-31 | 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. Spot gold edged 0.1% lower to $2,033.88 per ounce by 0513 GMT, after touching a two-week high of $2048.12 in the previous session. The chances of a March rate cut have dropped to 44% from about 90% a month ago. "With renewed hopes of a truce in Gaza, today's FOMC meeting runs the risk of disappointing doves and weighing on gold," said Simpson. Spot silver dropped 0.5% to $23.05 per ounce, platinum slipped 0.2% to $918.79, and palladium rose 0.2% to $977.67.
Persons: it's, Matt Simpson, Simpson, Jerome Powell Organizations: Co, Federal Reserve, Fed, Index, Traders, Treasury Locations: Bangkok, Thailand, U.S, Gaza
The best high-yield checking accounts pay significantly more than the average checking account rate of 0.07% APY (Annual Percentage Yield). Farmers Savings Bank, a local brick-and-mortar bank in Iowa, is the current market leader for interest-earning checking accounts. Betterment Cash Reserve: Betterment is primarily an investment platform, but it also offers a Cash Reserve account for your savings. My Banking Direct Savings Account: My Banking Direct has a high-yield savings account that pays 5.35% APY on balances of $1 or more. Products in this post: Farmers Savings Bank Star Checking, Betterment Cash Reserve Account, BrioDirect High-Yield Savings Account, Customers Bank High Yield Savings Account, UFB Secure Savings, CIT Bank Platinum Savings, Wealthfront Cash Account, American Express® High Yield Savings Account, OnPath Rewards High-Yield Checking, Redneck Bank Rewards Checkin' Account, Primis Premium Checking, Milli Savings Account, Betterment Cash Reserve Account, BrioDirect High-Yield Savings Account, My Banking Direct High Yield Savings Account
Persons: you'll, Milli, BrioDirect Organizations: Farmers Savings Bank, Farmers Savings Bank Farmers Savings Bank, . Farmers Savings Bank, OnPath Credit Union, OnPath Foundation, Bank, Redneck Bank, Primis Bank, Milli, Cash, Banking, Products, Secure Savings, CIT Bank, Savings, Express Locations: Iowa, United States, Arlington, Colesburg
With rates rapidly changing, how can you feel confident that you're getting the best savings account or best CD? See more savings account bonuses »Leading Checking & Savings Combo Account BonusSofi Checking and SavingsEarn up to a $300 bonus with qualifying direct deposits for eligible customers. High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates. Products in this post: BrioDirect High-Yield Savings Account, Customers Bank High Yield Savings Account, UFB Secure Savings, CIT Bank Platinum Savings, TotalDirectBank 6 Month CD, Popular Bank CD, Valley Direct 3 Year Variable CD, BMO Alto 5 Year High Yield CD, CIBC Agility Online Savings Account, SoFi Checking and Savings, Mission Valley Bank 3 Month No Penalty CD
Persons: Banks, , Cash, we've Organizations: Bank, Cash, Products, Secure Savings, CIT Bank, Savings, Popular, BMO, CIBC, Mission Valley Bank Locations:
Gold directionless ahead of US central bank decision
  + stars: | 2024-01-30 | 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 headed for a weekly gain after US price data came in cooler than forecast, reinforcing expectations for multiple interest rate cuts by the Federal Reserve next year. Gold prices were in a tight range on Tuesday as traders awaited the U.S. central bank's decision on key policy rates and remarks from Chair Jerome Powell. A Reuters poll showed on Monday that uncertainty about the economy and U.S. interest rate cuts could drive record gold prices in 2024. Lower interest rates decrease the opportunity cost of holding bullion.
Persons: Gold, Jerome Powell, Ajay Kedia, Powell Organizations: Co, Federal Reserve, Traders, U.S, Kedia Commodities, Wednesday, Treasury Locations: Bangkok, Thailand, U.S, U.S . Federal, Mumbai, United States
The Apple Card Savings account already paid a higher APY than the average savings account. Apple has increased the interest rate on its Apple Card Savings account for the third time since December. The Apple Card Savings account is available for Apple Card users in the U.S. You can set it up and manage it through the Apple Card in the Wallet app on iPhones. How the Apple Card Savings account worksThe Apple Card Savings account doesn't require a minimum opening deposit. Products in this post: Apple Card, Apple Savings Account, Ally Savings Account, Discover® Online Savings Account, BrioDirect High-Yield Savings Account, Customers Bank High Yield Savings Account, UFB Secure Savings, CIT Bank Platinum Savings, Wealthfront Cash Account
Persons: Goldman Sachs, Cash, Jennifer Bailey, Daily Cash, Ally Organizations: Apple, Apple Card, Savings, Apple Card Savings, Daily, FDIC, Federal Deposit Insurance Corporation, CIT Bank, CIT, Products, Apple Savings, Secure Savings Locations: U.S
Safe-haven gold gains as Middle East worries mount
  + stars: | 2024-01-29 | 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 rose on Monday as escalating tensions in the Middle East lifted bullion's safe-haven appeal, while moves were limited as traders awaited the U.S. Federal Reserve chair Jerome Powell's remarks this week for cues on interest rate trajectory. There is enough instability still in the Middle East to keep investors interested in gold as part of a safe-haven play, said Tim Waterer, chief market analyst at KCM Trade. Traders are betting on six quarter-point rate cuts for 2024 in the U.S., up from five cuts a week ago, according to LSEG's interest rate probability app IRPR. Lower interest rates decrease the opportunity cost of holding bullion.
Persons: Jerome Powell's, Tim Waterer, Evergrande, Waterer, Powell Organizations: Korea Gold Exchange, U.S . Federal, KCM Trade, Investors, U.S, Fed, Traders Locations: Seoul, South Korea, U.S, Jordan, Syrian
With Jam Master Jay scratching the turntables as DJ, they created a new sound and street look, with their Adidas gear, leather jackets, gold chains and black Kangol hats. Jason Mizell (Jam Master Jay), Joseph Simmons (Run) and Darryl McDaniels (DMC) pose at the Grammy Awards in the 1980s. The coffin of Run-DMC's Jam Master Jay was carried out of Allen A.M.E Cathedral after his funeral on November 5, 2002. Seth DuCharme, acting US attorney for the Eastern District of New York, announced charges in August 2020 against two men in the killing of Jam Master Jay. In a statement, Jam Master Jay’s son Jesse Mizell and the Mizell family thanked those who had reached out in support.
Persons: Jay, Ronald Washington, Karl Jordan Jr, Jason Mizell, Joseph Simmons, Darryl McDaniels, Aerosmith, ” Jay, Tricky, , , “ King, wasn’t, , Allen A.M.E, Hanny Ray Abrams, Jordan, Mizell, Seth DuCharme, Brendan McDermid, Seth D, DuCharme, ” DuCharme, Jesse Mizell, Jay Bryant, Bryant, Cesar de Castro Organizations: CNN, Prosecutors, Queens, Adidas, Stone, DJ Times, Duo, Hulton, Hall of Fame, MTV, of Fame, Allen A.M.E Cathedral, Getty, Eastern, of, Reuters Locations: New York City, Brooklyn, Jamaica, Queens, Allen, AFP, of New York, Washington, Jordan, Reuters Jordan
Now Jay’s case is the first of those killings to go to trial. Opening statements are set for Monday in the federal murder trial of Karl Jordan Jr. and Ronald Washington, who were arrested in 2020. Jay, born Jason Mizell, formed Run-DMC in the early 1980s with Darryl “DMC” McDaniels and Joseph Simmons, known as DJ Run and Rev. Political Cartoons View All 253 ImagesThey were the first rappers with gold and platinum albums and a Rolling Stone cover. He considered Jay to be family, since the DJ grew up across the street from Jordan's father, his defense wrote.
Persons: Jay, Karl Jordan Jr, Ronald Washington, , , Seth DuCharme, gunning, Jason Mizell, Darryl “, ” McDaniels, Joseph Simmons, Aerosmith, ” Jay, people's, Tricky, Tupac Shakur, Prosecutors, Washington, Jordan, wasn't, Susan Kellman, Jay —, Judge LaShann DeArcy, Jordan's, Mark DeMarco, Jordan “ Organizations: Brooklyn U.S, Adidas, MTV, Roll Hall of Fame, Police, Prosecutors, DJ, Playboy, Authorities, New York Daily News Locations: Washington, Jordan, Hollis, Queens, York, Angeles, Shakur’s, Las Vegas, Los Angeles, indicting Washington, Maryland, Jordan's
With rates rapidly changing, how can you feel confident that you're getting the best savings account or best CD? See more savings account bonuses »Leading Checking & Savings Combo Account BonusSofi Checking and SavingsEarn up to a $300 bonus with qualifying direct deposits for eligible customers. High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates. Products in this post: BrioDirect High-Yield Savings Account, Customers Bank High Yield Savings Account, UFB Secure Savings, CIT Bank Platinum Savings, TotalDirectBank 6 Month CD, Popular Bank CD, Valley Direct 3 Year Variable CD, BMO Alto 5 Year High Yield CD, CIBC Agility Online Savings Account, SoFi Checking and Savings, Mission Valley Bank 3 Month No Penalty CD
Persons: Banks, , Cash, we've Organizations: Bank, Cash, Products, Secure Savings, CIT Bank, Savings, Popular, BMO, CIBC, Mission Valley Bank Locations:
CNN —How do you begin to talk about something as seemingly frivolous as haute couture fashion against the tumult of today? The bi-annual couture shows in Paris are a showcase of bold ideas from the best fashion designers working today, crafted by some of the world’s most skilled artisans. Practical pockets, but make it Chanel coutureA delicate sheer pocket seen at Chanel's haute couture show. ValentinoWhile there was razzamatazz on the front row courtesy of Stormi Webster, Kylie Jenner’s five-year-old daughter, who made her front row debut, Valentino’s couture collection incarnation was relatively understated. Raw elegance at Maison MargielaJohn Galliano's couture collection for Maison Margiela was fantastical and theatrical, fittingly taking place under the first full moon of the year.
Persons: Chanel, , Schiaparelli, Giovanni Giannoni, Jennifer Lopez, Zendaya, Pat McGrath, Pascal Le Segretain, Margaret Qualley, Pieter Mulier, Valentino, Stormi Webster, Kylie Jenner’s, Gaurav Gupta Gaurav, Thomas Samson, Guarav Gupta, Kim Jones, Karl Lagerfeld's, Peter White, Karl Lagerfeld’s, Victor Virgile, Maison, Maison Margiela John Galliano's, Maison Margiela, Gao Jing, John Galliano, Gwendoline Christie, John Galliano's, Martin Margiela, Gwendoline Christie sauntering Organizations: CNN, Paris Couture, Spring, Petit Palais, Maison Margiela, Zuma Press Locations: Paris, Chanel, AFP, Xinhua
If you happen to be a fan of soft-sided suitcases, consider the Travelpro Platinum Elite Expandable Carry-On, which I named my top overall soft-side carry-on pick. Plus, it comes with some handy extras that help set it apart, and offers exceptional quality for the price. This bag comes in nine color options: Shadow Black, Intrigue Black (a more textured look), Rich Espresso, Vintage Grey, Bordeaux, True Navy, Metallic Sand, Olive Green, and Coastal Blue. And for extra peace of mind, this suitcase comes with a 100-day trial period and a lifetime warranty against any defects. AdvertisementThe bottom lineFor a high-quality bag that should last you years, the Travelpro Platinum Elite Expandable Carry-On is an excellent option.
Persons: I've, Hannah Freedman, Rich, Olive Green, Travelpro, Briggs Organizations: True Navy, Aviation Administration, FAA, Riley Locations: Grey, Bordeaux
Three 1kg gold bullion bars worth over 155,00 GBP lay on the counter in a gold dealers in Birmingham's jewelry quarter on December 13, 2023 in Birmingham, England. Gold prices have increased since the Ukraine War but have soared to record highs since the start of the Hamas-Israel war. Other factors are the weakening US dollar and expected rate cuts from the Federal Reserve. Spot gold rose 0.2% to $2,015.83 per ounce by 0424 GMT. Spot silver rose 0.4% to $22.76 per ounce, platinum climbed 0.3% $901.53, and palladium gained 0.1% to $964.07.
Persons: Kyle Rodda Organizations: Federal Reserve, Fed, European Central Bank Locations: Birmingham, England, Ukraine, Israel, U.S
With rates rapidly changing, how can you feel confident that you're getting the best savings account or best CD? See more savings account bonuses »Leading Checking & Savings Combo Account BonusSofi Checking and SavingsEarn up to a $300 bonus with qualifying direct deposits for eligible customers. High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates. Products in this post: BrioDirect High-Yield Savings Account, Customers Bank High Yield Savings Account, UFB Secure Savings, CIT Bank Platinum Savings, TotalDirectBank 6 Month CD, Popular Bank CD, Valley Direct 3 Year Variable CD, BMO Alto 5 Year High Yield CD, CIBC Agility Online Savings Account, SoFi Checking and Savings, Mission Valley Bank 3 Month No Penalty CD
Persons: Banks, , Cash, we've Organizations: Bank, Cash, Products, Secure Savings, CIT Bank, Savings, Popular, BMO, CIBC, Mission Valley Bank Locations:
With rates rapidly changing, how can you feel confident that you're getting the best savings account or best CD? See more savings account bonuses »Leading Checking & Savings Combo Account BonusSofi Checking and SavingsEarn up to a $250 bonus with qualifying direct deposits for eligible customers. High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates. Products in this post: BrioDirect High-Yield Savings Account, Customers Bank High Yield Savings Account, UFB Secure Savings, CIT Bank Platinum Savings, TotalDirectBank 6 Month CD, Popular Bank CD, Valley Direct 3 Year Variable CD, BMO Alto 5 Year High Yield CD, CIBC Agility Online Savings Account, SoFi Checking and Savings, Mission Valley Bank 3 Month No Penalty CD
Persons: Banks, , Cash, we've Organizations: Bank, Cash, Products, Secure Savings, CIT Bank, Savings, Popular, BMO, CIBC, Mission Valley Bank Locations:
Find the Chase Sapphire Lounge post-security in JFK's Terminal 4, open from 5 a.m. to 11 p.m. Read our Chase Sapphire Reserve credit card review and other best credit cards for airport lounge access. Access the Chase Sapphire Lounge JFKLocation and hoursThe Chase Sapphire Lounge by The Club with Etihad Airways is located in Terminal 4, post-security on the mezzanine level above Gate A2. Chase also operates Sapphire Lounges in Hong Kong, Boston and New York's LaGuardia, as well as a scaled-down Chase Sapphire Terrace in Austin. Our Chase Sapphire Lounge guide reviews these locations, lists future planned locations, and tells you how to get into each lounge for free.
Persons: Chase, , John F, Angela Sun, Chris Dong Here's, cardholders, Sapphire Burger, Lamb, — Chase, Joe Coffee, LaGuardia, You'll Organizations: JFK's, Etihad Airways, JFK, Etihad, Chase Sapphire Reserve, Service, The Club, Kennedy International Airport, LaGuardia, JPMorgan Chase Art, Chase Sapphire, China Airlines, Delta Air Lines, Emirates, KLM, Singapore Airlines, Virgin Atlantic, American, Chase Chase, Sapphire, New York's LaGuardia, Chase, Passengers, romesco, New, TSA, FDIC Locations: JFK, New York, Abu Dhabi, Aeromexico, Air India, China, LATAM, U.S, Hong Kong, Boston, Austin, New York City
Gold slips as strong U.S. data dampens Fed rate cut bets
  + stars: | 2024-01-24 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices have increased since the Ukraine War but have soared to record highs since the start of the Hamas-Israel war. Other factors are the weakening US dollar and expected rate cuts from the Federal Reserve. Gold prices inched lower on Wednesday as strong U.S. economic data doused hopes for early interest rate cuts by the Federal Reserve, while investors awaited a slew of economic reports this week. "Recent economic data out of the U.S. has called for some recalibration in dovish market rate expectations, with some pushback on the timeline for Fed rate cut weighing on gold's appeal," said IG market strategist Yeap Jun Rong. Traders are pricing in five quarter-point Fed rate cuts in 2024, down from six cuts two weeks ago.
Persons: Yeap Jun Rong, Rong Organizations: Federal Reserve, Treasury, Traders, Fed Locations: Birmingham, England, Ukraine, Israel, dovish, U.S
With rates rapidly changing, how can you feel confident that you're getting the best savings account or best CD? See more savings account bonuses »Leading Checking & Savings Combo Account BonusSofi Checking and SavingsEarn up to a $250 bonus with qualifying direct deposits for eligible customers. High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates. Products in this post: BrioDirect High-Yield Savings Account, Customers Bank High Yield Savings Account, UFB Secure Savings, CIT Bank Platinum Savings, TotalDirectBank 6 Month CD, Popular Bank CD, Valley Direct 3 Year Variable CD, BMO Alto 5 Year High Yield CD, CIBC Agility Online Savings Account, SoFi Checking and Savings, Mission Valley Bank 3 Month No Penalty CD
Persons: Banks, , Cash, we've Organizations: Bank, Cash, Products, Secure Savings, CIT Bank, Savings, Popular, BMO, CIBC, Mission Valley Bank Locations:
The information for the following product(s) has been collected independently by Business Insider: Capital One Venture X Business Card†. The Capital One Venture X Business Card† is available to new applicants. And now you can get those same benefits and more on a version of the card tailored to small business owners: the Capital One Venture X Business Card†. What to know about the Capital One Venture X Business cardWhen Capital One first announced the Capital One Venture X Business Card† in February 2023, it said the card would only be available to customers through a Capital One Relationship Manager. The Capital One Venture X Business Card† has a $395 annual fee.
Persons: you'd Organizations: Business, Venture, American Express, Chase Sapphire, Capital, One, eBay
Gold holds steady as traders anticipate US economic data
  + stars: | 2024-01-22 | by ( ) www.cnbc.com   time to read: +2 min
Spot gold edged 0.1% lower to $2,026.39 per ounce by 0348 GMT. U.S. gold futures fell 0.1% to $2,028.00. The odds of a Fed rate cut in March have dropped to 49% from about 71% two weeks ago, according to LSEG's interest-rate probability app IRPR. The U.S. dollar index fell 0.1%, while yields on benchmark U.S. 10-year Treasury notes slipped from a more than a month high to 4.1111%. Spot silver fell 0.2% to $22.55 per ounce, platinum was steady at $898.95, and palladium fell 0.1% to $945.88.
Persons: Matt Simpson Organizations: Federal, U.S, PMI Locations: Singapore, U.S
With rates rapidly changing, how can you feel confident that you're getting the best savings account or best CD? See more savings account bonuses »Leading Checking & Savings Combo Account BonusSofi Checking and SavingsEarn up to a $300 bonus with qualifying direct deposits for eligible customers. High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates. Products in this post: BrioDirect High-Yield Savings Account, Customers Bank High Yield Savings Account, UFB Secure Savings, CIT Bank Platinum Savings, TotalDirectBank 6 Month CD, Popular Bank CD, Valley Direct 3 Year Variable CD, BMO Alto 5 Year High Yield CD, CIBC Agility Online Savings Account, SoFi Checking and Savings, Mission Valley Bank 3 Month No Penalty CD
Persons: Banks, , Cash, we've Organizations: Bank, Cash, Products, Secure Savings, CIT Bank, Savings, Popular, BMO, CIBC, Mission Valley Bank Locations:
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMulti-platinum producer Maejor on the importance of sound healingMulti-platinum selling music producer and Grammy nominated artist Maejor joins Tania Bryer at the CNBC Sanctuary to explain the power of sound healing and to play one of his pieces that was specially composed at the 440 Hz frequency to soothe.
Persons: Maejor, Tania Bryer Organizations: CNBC
Gold heads for worst weekly fall in six as rate-cut view tempers
  + stars: | 2024-01-19 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices have increased since the Ukraine War but have soared to record highs since the start of the Hamas-Israel war. Other factors are the weakening US dollar and expected rate cuts from the Federal Reserve. Spot gold was little changed at $2,022.07 per ounce by 0404 GMT, but has fallen 1.3% so far in the week. Markets were betting on 139 basis points (bps) of Fed rate cuts this year, down from 150 bps a week earlier, according to LSEG's interest rate probability app, IRPR. The odds of a Fed rate cut in March have dropped to 54% from about 71% last week, according to IRPR.
Persons: Bullion, Hugo Pascal, Pascal, Raphael Bostic Organizations: Federal Reserve, hawkish Fed, U.S, Atlanta Federal Reserve Locations: Birmingham, England, Ukraine, Israel, InProved, IRPR
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 extends slide as dollar firms on hawkish Fedspeak
  + stars: | 2024-01-17 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices extended losses on Wednesday as the U.S. dollar strengthened after hawkish comments from a Federal Reserve official dampened expectations for a March interest rate cut, while traders awaited comments from more Fed speakers this week. Spot gold was down 0.2% at $2,023.49 per ounce, as of 0415 GMT, after stooping 1.3% in the previous session - its biggest single-day decline since Dec. 4, 2023. Flow of funds to the U.S. dollar have been a key driver impacting the gold price, said Michael Langford, chief investment officer at Scorpion Minerals Ltd, forecasting bullion to trade around $2,000/Oz in the near term. With geopolitical tensions escalating, safe-haven flows could provide a floor for the gold price. However, "the short-term fate of the gold price is likely in the hands of the bond market," Tim Waterer, chief market analyst at KCM Trade, wrote in a note.
Persons: Michael Langford, Christopher Waller, Tim Waterer Organizations: U.S ., Federal Reserve, Scorpion Minerals Ltd, Treasury, KCM, U.S Locations: U.S
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
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