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Top related persons:
Kunal Shah - 2 Jerome Powell - 1 Ajay Kedia - 1 Tim Waterer - 1
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Mumbai U.S
Top related orgs:
U.S - 2 Nirmal - 2 Commodities - 2 Federal - 1 Kedia Commodities - 1 Traders - 1 U.S . Federal Reserve - 1 KCM - 1

Search resuls for: "Kunal Shah"


2 mentions found


☆ Gold holds above $2,100 near record high, focus on Powell testimony
  + stars: | 2024-03-06 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices held above the $2,100 level on Wednesday, near a record peak hit in the previous session as hopes for U.S. rates easing by mid-year mount, while traders awaited remarks on the economy's health from Federal Reserve Chair Jerome Powell. Gold prices held above the $2,100 level on Wednesday, near a record peak hit in the previous session as hopes for U.S. rates easing by mid-year mount, while traders awaited remarks on the economy's health from Federal Reserve Chair Jerome Powell. Spot gold edged down 0.1% at $2,126.13 per ounce, as of 0458 GMT. Spot prices hit a record peak of $2141.59 per ounce overnight on Tuesday, rallying for a fifth straight session. Spot platinum rose 0.4% to $884.16 per ounce, and palladium rose over 1% to $958.20, while silver dropped 0.3% to $23.63.
Persons: Jerome Powell, Ajay Kedia, Kunal Shah Organizations: Federal, Kedia Commodities, Traders, U.S, Nirmal, Commodities Locations: Mumbai, U.S
☆ Gold dips but set for weekly rise on Fed rate pause hopes
  + stars: | 2023-06-09 | by ( ) www.cnbc.com   time to read: +1 min
Gold prices dipped on Friday after climbing more than 1% in the previous session, although hopes of a likely pause on interest rate hikes by the U.S. central bank kept bullion on track for a weekly gain. Spot gold fell 0.2% to $1,963.41 per ounce by 05:15 GMT, but headed for a 0.8% weekly rise. Focus now shifts to the U.S. consumer inflation report for May, due on June 13, ahead of the Fed meeting, which will provide investors more clarity about the health of the world's largest economy. Markets are pricing in a 76% chance of the Fed standing pat next week, after having raised at every meeting since March 2022. Platinum rose 0.3% higher to $1,013.53 and was set to post a weekly gain after two weeks.
Persons: Tim Waterer, Kunal Shah Organizations: U.S, U.S . Federal Reserve, KCM, Monetary Fund, U.S . Fed, Nirmal, Commodities Locations: U.S, Mumbai
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