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Top related persons:
Jun Rong - 2 Barot - 2 Jackson - 1 Jerome Powell's - 1 Harshal Barot - 1 Thomas Barkin - 1 Seher - 1 Sherry Jacob - 1
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U.S Wyoming Bengaluru
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Treasury - 3 Pro Aurum - 2 Metals - 2 CPI - 2 IG - 2 Federal - 1 Richmond Fed - 1 Trust - 1

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3 mentions found


☆ Gold extends gains as Treasury yields rally comes to a halt
  + stars: | 2023-08-23 | by ( ) www.cnbc.com   time to read: +2 min
At the precious metals dealer Pro Aurum, two gold and two silver bars are placed in a locker in a vault. Spot gold firmed 0.3% to $1,902.63 per ounce by 0519 GMT, drifting further away from the five-month lows hit last week. The dollar index was below the two-month highs, while a rally that took U.S. Treasury yields to nearly 16-year highs took a pause, giving some respite to the non-yielding gold. "If he does hint about a higher target, that could mean interest rates may not need to move any higher from here." Recent robust U.S. economic data has raised bets the Fed will keep rates higher for longer, reducing appetite for gold as reflected in holdings of bullion-backed exchange traded funds, or ETF.
Persons: Jackson, Jerome Powell's, Harshal Barot, Thomas Barkin Organizations: Pro Aurum, Treasury, Federal, Metals, Richmond Fed, Trust Locations: U.S, Wyoming
☆ Gold rises on softer dollar, yields ahead of U.S. inflation data
  + stars: | 2023-07-12 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices rose on Wednesday after the dollar and bond yields retreated as investors awaited U.S. inflation data that could offer more cues on the Federal Reserve's rate-hike policy path. Spot gold rose 0.4% to $1,939.43 per ounce by 0518 GMT, its highest since June 20. U.S. gold futures rose 0.4% to $1,944.90. Economists polled by Reuters expect June core inflation rate to have dropped to 5% from 5.3%, still significantly above the Fed's 2% target. In the wider base metals market, prices rose, supported by a weaker dollar, although a gloomy demand outlook loomed over the market.
Persons: Jun Rong, Barot Organizations: Pro Aurum, Treasury, CPI, IG, Reuters, Metals Focus, greenback
☆ Gold rises on softer dollar, yields ahead of US inflation data
  + stars: | 2023-07-12 | by ( Seher Dareen | Thomson Reuters | Seher Oversees | ) www.reuters.com   time to read: +2 min
SummaryCompanies Dollar down 0.3%, at lowest since May 11Inflation data expected at 1230 GMTJuly 12 (Reuters) - Gold prices rose on Wednesday after the dollar and bond yields retreated as investors awaited U.S. inflation data that could offer more cues on the Federal Reserve's rate-hike policy path. Making gold cheaper for holders of other currencies, the dollar index (.DXY) fell 0.3% to its lowest level since May 11. "There has been some renewed confidence in gold prices lately, given the broad expectations for the upcoming U.S. CPI to reflect further moderation in pricing pressures," said Yeap Jun Rong, market strategist at IG. Economists polled by Reuters expect June core inflation rate to have dropped to 5% from 5.3%, still significantly above the Fed's 2% target. In the wider base metals market, prices rose, supported by a weaker dollar, although a gloomy demand outlook loomed over the market.
Persons: Jun Rong, Barot, Seher, Sherry Jacob, Phillips, Sohini Organizations: Treasury, CPI, IG, Reuters, Metals, Thomson Locations: Bengaluru
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