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Top related persons:
Edward Meir - 2 Bullion - 1 Matt Simpson - 1 Simpson - 1 Edward Meir said - 1 Meir - 1 Houthis - 1 Christopher Waller - 1
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U.S Ukraine Asia Bangkok Thailand South Africa Iran Eilat
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Federal Reserve - 2 Index - 1 Federal - 1 Co - 1 U.S - 1 Traders - 1 CME - 1

Search resuls for: "Edward Meir said"


3 mentions found


☆ Gold smashes record again as U.S. inflation worries loom
  + stars: | 2024-04-03 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices extended a record run on Wednesday as concerns of rising inflation boosted demand for gold as a hedge, with bullion traders shrugging off doubts over an imminent U.S. interest rate cut and rising Treasury yields. Gold prices extended a record run on Wednesday as concerns of rising inflation boosted demand for gold as a hedge, with bullion traders shrugging off doubts over an imminent U.S. interest rate cut and rising Treasury yields. Spot gold was up 0.3% at $2,286.24 per ounce, as of 0406 GMT, and hit a record high of $2,288.09 earlier in the session. Data this week showed U.S. manufacturing unexpectedly rebounded, with the rise in raw materials prices triggering fears that inflation could resurge. "With commodity prices rising in general, it brings the risks of another round of inflation - so perhaps investors are hedging for inflation," Simpson said.
Persons: Bullion, Matt Simpson, Simpson, Edward Meir said Organizations: Index, Federal Locations: U.S, Ukraine, Asia
☆ Gold near two-month peak as anticipation builds for June U.S. rate cut
  + stars: | 2024-03-04 | 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 lingered close to a two-month high on Monday, after softer U.S. economic readings last week cemented prospects of an interest rate cut in June by the Federal Reserve. U.S. gold futures fell 0.3% to $2,090.00. Traders have raised their hopes for a June rate cut, and are now seeing a 74% chance, compared with about 65% chance last Monday, according to LSEG's interest rate probability app. Lower interest rates boost the appeal of non-yielding bullion.
Persons: Edward Meir, Meir Organizations: Co, Federal Reserve, U.S, Traders Locations: Bangkok, Thailand, U.S, South Africa
☆ Gold set for weekly gain as weak dollar, Middle East woes lift appeal
  + stars: | 2024-02-23 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices inched higher on Friday and were on track for their first weekly rise in three, as a broadly weaker U.S. dollar and growing tensions in the Middle East lifted bullion's appeal. Gold prices inched higher on Friday and were on track for their first weekly rise in three, as a broadly weaker U.S. dollar and growing tensions in the Middle East lifted bullion's appeal. Spot gold was up 0.1% at $2,025.7 per ounce, as of 0411 GMT, and has gained 0.7% so far in the week. Tension mounted in the Middle East as Yemen's Iran-aligned Houthis claimed responsibility for an attack on a UK-owned cargo ship, and they targeted Israel's port and resort city of Eilat with ballistic missiles and drones. Meanwhile, the dollar index was heading for its first weekly dip in nearly two months, making the greenback-priced bullion less expensive to overseas buyers.
Persons: Edward Meir, Houthis, Christopher Waller Organizations: Federal Reserve, CME Locations: Iran, Eilat
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