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Search resuls for: "Ilya Spivak"


4 mentions found


☆ Gold little changed ahead of key U.S. inflation data
  + stars: | 2023-01-11 | by ( ) www.cnbc.com   time to read: +1 min
Gold prices were hemmed into a narrow range on Wednesday as investors held back from making large bets ahead of key U.S. inflation data due later this week. Spot gold was little changed at $1,875.68 per ounce as of 0242 GMT, hovering near the eight-month high hit on Monday. U.S. gold futures rose 0.2% to $1,879.30. "If the data shows that inflation is softer, then gold might go north of the $1,900 level. Gold is considered an inflation hedge but is highly sensitive to rising interest rates, which increases the opportunity cost of holding the non-yielding bullion.
☆ Gold inches lower as dollar ticks up
  + stars: | 2022-12-08 | by ( ) www.cnbc.com   time to read: +2 min
One kilo gold bars are pictured at the plant of gold and silver refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. Gold prices eased on Thursday as the dollar recovered slightly, while market participants await further direction on U.S. rate hikes from the Federal Reserve meeting next week. Spot gold fell 0.2% to $1,783.50 per ounce, as of 0248 GMT, after rising more than 1% on Wednesday supported by a pullback in the dollar and U.S. bond yields. The dollar might get weaker and this will anchor gold a bit," Spivak said. Spot silver inched 0.6% lower to $22.60, platinum lost 0.2% to $1,000.67 and palladium was flat at $1,844.20.
☆ Gold edges up on dollar dip; Fed policy cues remain key
  + stars: | 2022-11-29 | by ( ) www.cnbc.com   time to read: +1 min
One kilo gold bars are pictured at the plant of gold and silver refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. Gold prices ticked up on Tuesday, helped by a softer dollar, while market participants awaited more clarity on the U.S. Federal Reserve's rate hike stance. Fed Presidents James Bullard and John Williams said there was a long way to go to fight inflation. Gold is also sensitive to rising interest rates as they increase the opportunity cost of holding the non-yielding asset. "Investors will now turn attention to U.S. economic data this week for any signs the Fed may ease its aggressive rate hikes," ANZ said in a note.
☆ Gold falls 1% on surging dollar, hawkish Fed
  + stars: | 2022-09-22 | by ( ) www.cnbc.com   time to read: +2 min
A five hundred gram gold bar, left, and a a one kilogram gold bar, produced by Swiss manufacturer Argor Hebaeus SA, in Budapest, Hungary. Gold prices fell 1% on Thursday, as the U.S. dollar rallied and the Federal Reserve flagged more large rate hikes, diminishing the zero-yielding metal's appeal. Gold prices fell 1% on Thursday, as the U.S. dollar rallied and the Federal Reserve flagged more large rate hikes, diminishing the zero-yielding metal's appeal. "Gold will remain vulnerable to selling pressure if inflation does not continue to ease, but it could start to stabilize now." The dollar rallied to a new two-decade high, making the greenback-priced metal more expensive for buyers holding other currencies.
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