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☆ Whatever unfolds in Gaza war, judgment day looms for Netanyahu
▼ + stars: | 2023-10-17 | by ( Dan Williams | ) www.reuters.com time to read: +5 min

Israeli Prime Minister Benjamin Netanyahu speaks to the media during a joint press conference with German Chancellor Olaf Scholz, in Tel Aviv, Israel, Tuesday, Oct. 17, 2023. Maya Alleruzzo/Pool via REUTERS Acquire Licensing RightsJERUSALEM, Oct 17 (Reuters) - One Israeli cabinet minister was barred from a hospital visitors' entrance. But there is little love shown for a government being widely accused of dropping the country's guard and engulfing it in a Gaza war that is rattling the region. Whatever ensues, a day of judgment looms for Prime Minister Benjamin Netanyahu, after a record-long career of political comebacks. An opinion poll in Maariv newspaper found that 21% of Israelis want Netanyahu to remain prime minister after the war.

Persons: Benjamin Netanyahu, Olaf Scholz, Maya Alleruzzo, Golda Meir, Amotz Asa, Shalom Hartman, Netanyahu, Asa, El, Benny Gantz, Gantz, Israel, Amit Segal, It's, Dan Williams, Howard Goller Organizations: REUTERS Acquire, Rights, Labour, Shalom, Shalom Hartman Institute, Likud, Reuters, National Unity, Thomson Locations: Tel Aviv, Israel, Meir's, Jerusalem, Maariv, ISRAEL, Gaza, Saudi Arabia, Iran

EVANSTON, Ill. (AP) — Judith Raanan and her teenage daughter, Natalie Raanan, were excited to travel to Israel to celebrate a relative's 85th birthday and the Jewish holiday season, according to their rabbi. The pair had been sending updates as the trip progressed and were enjoying “this really special mom and daughter time together," Meir Hecht said. The family hasn't heard from either mother or daughter since a week ago, after Hamas launched an unprecedented surprise attack. “We received this terrible news that Judith and her daughter Natalie are missing and apparently were most likely taken as hostages to Gaza,” Hecht said. Of your resilience, your hope, your love, your generosity, your faith and strength," Yehudis Hecht said.

Persons: — Judith Raanan, Natalie Raanan, Meir Hecht, hasn't, “, Judith, Natalie, ” Hecht, Avi Zamir, ” Zamir, Natalie Raanan's, Sigal Zamir, ”, Judith Raanan, Yehudis Hecht, “ Judith, we're, ” ___ Savage Organizations: Hamas, Associated Press, America Statehouse News Initiative, America Locations: EVANSTON, Ill, Israel, Chicago, Gaza, Nahal Oz, Evanston

☆ Illinois Mother and Daughter Visiting Israel Feared to Be Among Hostages
▼ + stars: | 2023-10-11 | by ( ) www.wsj.com time to read: 1 min

Family members of Judith Raanan and her teenage daughter Natalie believe the two were taken hostage when Hamas militants attacked Nahal Oz, a kibbutz close to Gaza where they were visiting friends and family, said Meir Hecht, a rabbi at Chabad of Evanston, where Judith is a congregant. “The family though is quite frustrated by the fact that they don’t even have any confirmation of the whereabouts of Judith and Natalie, and the information coming out is just so slow,” Hecht said. Both are dual-citizens of the U.S. and Israel, he said.

Persons: Judith Raanan, Natalie, Nahal Oz, Meir Hecht, Judith, ” Hecht Locations: Gaza, Chabad, Evanston, Israel

☆ Israel’s history suggests the clock is ticking for Netanyahu after Hamas attack failures
▼ + stars: | 2023-10-10 | by ( Elliott Gotkine | ) edition.cnn.com time to read: +5 min

“Israeli history has taught us that each and every surprise and crisis led to the collapse of the government. This would have been a tall order in Netanyahu’s prime. But this invasion by Hamas, he says, would have been planned 12 to 18 months ago – when Netanyahu was in opposition. The miscalculation, he said, was that Hamas was after economic concessions, and a softening of Israel’s blockade on Gaza. Such has been the shock and anger over Hamas’ spectacular assault that Israeli voters may ben open to more extreme ideas.

Persons: CNN —, Benjamin Netanyahu, There’s “, ”, “ King Bibi ”, Bibi ”, –, Isaac Herzog, Netanyahu, “, Yair Lapid, “ It’s, it’s, Amit Segal, Golda Meir, Menachem Begin, Ehud Olmert, Yohanan Plesner, Sadat, We’re, It’s, Bibi, Israel, Plesner, he’s, Segal, ben Organizations: CNN, Security, Israel Channel, Israel Democracy Institute, Hamas, Nazi, Israel Defense Forces IDF Locations: Lebanon, Egypt, Syria, Israel, Yom Kippur, Gaza, “

JERUSALEM (AP) — Without warning on Saturday, Gaza's militant Hamas rulers attacked Israel by air, land and sea. Israeli Prime Minister Benjamin Netanyahu and his far-right allies were scrambling to respond to the rapidly changing events. Here are some key takeaways from the multi-pronged attack that has suddenly plunged Israel into war. In a dramatic escalation unseen in decades, Hamas also sent paragliders flying into Israel, the Israeli military said. Some political analysts have linked Hamas' attack to ongoing U.S.-brokered talks on normalization of ties between Israel and Saudi Arabia.

Persons: strode, Benjamin Netanyahu, ISRAEL, —, Golda Meir, Netanyahu's, Netanyahu, Itamar Ben, Gvir, lambast Netanyahu, Gilad Shalit, Shalit, Ben, ” Bassem Naim Organizations: JERUSALEM, Israeli, Labor Party, National, National Security, United Nations, Hamas, West Bank, AP, Palestinian Authority Locations: Israel, Tel Aviv, Jerusalem, Gaza, Lebanon, Aqsa, Ben, Qatar, Egypt, U.S, Saudi Arabia, ISRAEL

The issue has exposed deep divisions between his nationalist-religious supporters and more liberal and secular sections of Israeli society, posing major questions about the constitutional foundations of Israel and its future direction. Over 2,600 Israelis including Zwebner's brother were killed, the largest loss of life Israel has ever suffered in a single war. For many front-line soldiers, the war remains a traumatic event but the feeling many express five decades later is pride in having helped save their country. "I had a meeting with my friends this week which really made me emotional, but you feel very much like you saved the existence of Israel," Zwebner said. For Zwebner, who himself opposes the judicial overhaul, a lesson of the 1973 war was that people had to be prepared to think for themselves rather than blindly accepting what leaders of any kind said.

Persons: Uzy, Yonti, Amir Cohen, Uzy Zwebner, Golda Meir, Benjamin Netanyahu, Ehud Barak, Herzi Halevi, Israel, Jordan, Abraham, Zwebner, Mark Heinrich Our Organizations: REUTERS, Rights, Labour Party, ISRAEL, U.S, Abraham Accords, Thomson Locations: Sinai, Kippur, Tel Aviv, Israel, Yom Kippur, Golan, Soviet Union, Egypt

☆ Opinion: The Golda Meir movie starring Helen Mirren fails the test of history
▼ + stars: | 2023-08-26 | by ( Hilary Krieger | Opinion Noah Berlatsky | ) edition.cnn.com time to read: +9 min

CNN —In Guy Nattiv’s new feature film “Golda,” which arrived in theaters Friday, Helen Mirren plays Israeli Prime Minister Golda Meir during the crisis of the 1973 Yom Kippur War. Accordingly, the movie is inevitably fodder for an ongoing discussion about whether non-Jewish performers should play Jewish roles. They made significant advances, threatening all of Israel, until Israel ultimately turned the tide to retain the land it had acquired in 1967. Join us on Twitter and FacebookInstead, the point is that the Yom Kippur War was a complicated conflict for territory and geopolitical advantage, abetted by prejudice and intransigence on every side. White non-Jewish actors can be cast as White Jewish characters because White Jewish people (like White Irish people or White Italian people) are, at the moment, generally perceived and accepted as White.

Persons: Noah Berlatsky, Guy Nattiv’s, Golda, Helen Mirren, Golda Meir, Mirren, Noah Berlatsky Noah Berlatsky, ”, Mirren —, —, “ Golda ”, Moshe Dayan, There’s, Anwar Sadat, Sadat, Israel, Abraham Rabinovich’s, ” Rabinovich, Meir, Henry Kissinger, Liev Schreiber, Kissinger, it’s, Golda Meir's, Mirren’s, “ Lawrence, Dawn ”, Hitler, Hafez al, Assad, — Sadat, Golda ”, It’s, Bradley Cooper bafflingly, Leonard Bernstein, White, Helen Mirren’s Organizations: CNN, Israel’s, Twitter Locations: Chicago, ”, British, Israel, Syria, Egypt, Yom Kippur, Sinai, Yom, Russia, Germany, Soviet Union, Cambodia, Russian, Western

☆ Helen Mirren and Bradley Cooper raise casting questions with 'Golda' and 'Maestro'
▼ + stars: | 2023-08-25 | by ( Brian Lowry | ) edition.cnn.com time to read: +5 min

CNN —Bradley Cooper and Helen Mirren have very different resumes, but they have landed in similar controversies with their latest movies, illustrating shifting standards and sensitivities about actors donning prosthetics to play Jewish characters. The first wave of that discussion came in response to images of Cooper’s makeup to resemble Leonard Bernstein for the upcoming biography “Maestro.” Mirren has drawn more attention in the UK for playing Golda Meir in the historical drama “Golda,” which opens this week. More recently, the debate has often shifted beyond racial and ethnic distinctions to other sources of sensitivity, such as Brendan Fraser wearing a fat suit to star in “The Whale.”Helen Mirren as Israeli prime minister Golda Meir in the movie "Golda." Carey Mulligan as Felicia Montealegre and Bradley Cooper as Leonard Bernstein in "Maestro." “Maestro” is scheduled for limited theatrical release in November and Netflix in December after premiering at the Venice International Film Festival.

Persons: CNN — Bradley Cooper, Helen Mirren, Leonard Bernstein, “ Maestro, ” Mirren, Golda Meir, Golda, Cooper, Mirren, “ Golda, Abraham Lincoln’s, Al Capone’s, what’s, Hollywood’s, Brendan Fraser, ” Helen Mirren, John Hurt’s, ”, Robert De Niro, Jake LaMotta’s, Bernstein, Meir, David Baddiel, Golda ”, Guy Nattiv, David M, Perry, Carey Mulligan, Felicia Montealegre, Bradley Cooper, Jason McDonald, Mark Harris, ” “ Golda ”, Henry Kissinger, Liev Schreiber, wryly, “ We’ve, Mirren isn’t, Ingrid Bergman, Maestro ”, “ Maestro ” Organizations: CNN, Blacks, Daily Mail, Netflix, Venice Locations: “, ”, The, Bleecker, Raging

☆ Gold off 3-week lows as investors brace for U.S. inflation data
▼ + stars: | 2023-08-07 | by ( ) www.cnbc.com time to read: +2 min

Gold prices dipped on Monday as the U.S. dollar climbed ahead of U.S. inflation data this week. Still, bullion was off three-week lows after slowing U.S. job growth knocked bond yields from their recent highs. Markets also took stock of labor department data showing solid wage gains and a decline in the unemployment rate that suggested continued tightness in labor market conditions. Data on U.S. consumer prices, due on Thursday, will be in focus to assess whether more rate hikes are needed to tame inflation. Non-yielding gold is often sought as a safe investment against inflation but tends to lose its sheen when rates rise.

Persons: Yeap Jun Rong, Edward Meir Organizations: U.S, Treasury, IG, Fed, U.S . Locations: Moscow, U.S

☆ Gold gets a safety boost as Fitch U.S. downgrade shakes markets
▼ + stars: | 2023-08-02 | by ( ) www.cnbc.com time to read: +2 min

Bars of gold are seen at the Krastsvetmet company, one of the world's largest producers of precious metals in Moscow, Russia on January 31, 2023. Spot gold was up 0.2% at $1,946.97 per ounce by 0312 GMT, while U.S. gold futures rose 0.3% to $1,984. Gold, which is priced in dollars, is a favored safe-haven investment in times of stress and economic uncertainty. Higher interest rates raise the cost of holding gold, which yields nothing and needs money to store and insure. In other metals, spot silver eased 0.2% to $24.29, platinum dropped 0.5% to $926.18, and palladium was down 0.1% at $1,238.59.

Persons: Gold, Fitch, Edward Meir Organizations: U.S ., United States, AAA, AA, Marex, U.S Locations: Moscow, Russia, U.S

☆ Helen Mirren transforms into Golda Meir in 'Golda' trailer
▼ + stars: | 2023-07-25 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +2 min

Meir served as Israel’s prime minister between 1969 and 1974. “Do you know how many people died?” Schreiber is heard asking Mirren in the trailer. Former Israel prime minister Golda Meir in 1973 in Tel Aviv. AFP/Getty Images“Golda” isn’t the first film in which Mirren portrayed a notable Jewish figure. She added, “there’s a lot of terrible unfairness in my profession.”“House of Gucci” star Camille Cottin co-stars in “Golda” alongside Schreiber and Mirren as Lou Kaddar, Meir’s personal assistant.

Persons: Helen Mirren’s, Golda Meir, Golda, ” “, ”, Mirren, Liev Schreiber, Henry Kissinger, Meir, ” Schreiber, Golda ” isn’t, Maria Altmann, Ryan Reynolds, Oscar, Queen Elizabeth, ” –, Golda ”, Guy Nattiv, who’s, Gucci ”, Camille Cottin, “ Golda ”, Schreiber, Lou Kaddar Organizations: CNN, Israel, AFP, Getty, Daily Mail, ” “ Locations: Israel, Meir, Kippur, Yom, Tel Aviv, Queen, “

☆ Remembering Sally Ride: 40th anniversary of her historic spaceflight
▼ + stars: | 2023-06-18 | by ( Jackie Wattles | ) edition.cnn.com time to read: +9 min

CNN —It has been 40 years since Sally Ride became the first woman from the United States to travel into outer space. She was not open about her personal life, according to former NASA astronaut Steve Hawley, who was married to Ride from 1982 to 1987. However, the educational company she cofounded, Sally Ride Science, revealed more of her personal life in her 2012 obituary, recognizing her longtime partner, Tam O’Shaughnessy, after Ride died of pancreatic cancer. NASASherr’s book “Sally Ride: America’s First Woman in Space” was first published in 2014. A trailblazer’s legacyRide’s ambition and love of knowledge extended far beyond her role as an astronaut, Sherr noted.

Persons: Sally Ride, Steve Hawley, Sally, Tam O’Shaughnessy, Ride, NASA hasn’t, General, Christina Koch, Victor Glover, Artemis, NASA's, Lynn Sherr, “, Sherr, ” Sherr, Dale Moore, ”, Billie Jean King, Martin Luther King Jr, ’, King Charles III, Prince of Wales, ‘, Valentina Tereshkova, Svetlana Savitskaya, Ride’s, Lyndon B, Johnson, Gloria Steinem, Richard Drew, Tam O'Shaughnessy, Barack Obama, Kevin Dietsch, O’Shaughnessy, Charles Tasnadi, Eileen Collins, NASA’s Koch, Jessica Meir, —, Rob Navias Organizations: CNN, NASA, Sally Ride, NASA’s, Space Center, CAPCOM, Johnson Space Center, ABC News, Ride, Edwards Air Force Base, Stanford University, Stanford Daily, Soviet Union, Girls Club of America, Magazine, White, UPI, Sally Ride Science, University of California, UC San Diego, Poets, State Department, United Nations Locations: United States, Houston, California, Soviet, New York, Washington ,, San Diego, Columbia

☆ Gold set for weekly dip on prospects of more rate hikes
▼ + stars: | 2023-06-16 | by ( ) www.cnbc.com time to read: +2 min

A one kilo Swiss gold bar and US dollars gold coins are pictured in Paris on February 20, 2020. Gold prices eased on Friday and were headed for a slight weekly fall as traders weighed recent U.S. economic data and hawkish signals from the Federal Reserve on further monetary tightening. "Gold is struggling to move higher because the Fed's message on inflation and interest rates still remains hawkish. So, it's sort of removing the incentive to buy gold because there are more interest rate increases on the horizon," said Edward Meir, a metals analyst at Marex. While gold is considered a safe haven during economic uncertainties, higher interest rates dull the appeal for zero-yield bullion.

Persons: Edward Meir, Meir Organizations: Federal Reserve, Traders, The Bank of Japan Locations: Paris

☆ Gold set for biggest weekly gain since April on Fed pause hopes
▼ + stars: | 2023-06-02 | by ( ) www.cnbc.com time to read: +1 min

Gold bars and gold coins of different sizes lie in a safe on a table at the precious metal dealer Pro Aurum. Gold prices were set on Friday for their biggest weekly gain in nearly two months, as a softer dollar and hopes for a pause in the Federal Reserve's tightening campaign bolstered bullion's appeal. Bullion has gained 1.7% so far this week, heading for its best week since the week ended April 7. Gold, which does not yield any interest of its own, loses appeal when interest rates rise. A strong labor market print could see a bounce-back in the dollar, which would not help gold, Waterer added.

Persons: Bullion, Edward Meir, Patrick Harker, Joe Biden, Tim Waterer, Waterer Organizations: Aurum, Marex . Philadelphia Fed, U.S, U.S . Senate, U.S . Labor Department's, KCM

☆ Summer Movies 2023: Here’s What’s Coming to Theaters and Streaming
▼ + stars: | 2023-05-24 | by ( Ben Kenigsberg | ) www.nytimes.com time to read: +2 min

WHITE BIRD R.J. Palacio’s novel “Wonder” was adapted into a movie nearly six years ago. In this film, based on a follow-up book, the bully (Bryce Gheisar) of the first story learns about intolerance from his grandmother (Helen Mirren), a Holocaust survivor who shares her wartime experiences with him. (Aug. 25 in theaters)SCRAPPER A girl (Lola Campbell) is resourcefully getting by on her own after her mother’s death when her father (Harris Dickinson) returns. Charlotte Regan wrote and directed. (Aug. 25 in theaters)

☆ Gold listless as U.S. debt talks dominate market mood
▼ + stars: | 2023-05-18 | by ( ) www.cnbc.com time to read: +2 min

Gold bullion bars are pictured after being inspected and polished at the ABC Refinery in Sydney on August 5, 2020. Gold prices were little changed on Thursday as the dollar held firm and optimism over U.S. debt-ceiling talks chipped away at the metal's safe-haven appeal. The dollar index traded near a seven-week high reached in the previous session, making gold less affordable for overseas investors. U.S. President Joe Biden and top congressional Republican Kevin McCarthy on Wednesday underscored their determination to reach a deal soon to raise the federal government's $31.4 trillion debt ceiling and avoid an economically catastrophic default. The decline in silver so far this month "could be closer to some tentative stabilization," Wong added.

☆ Gold climbs on subdued dollar, U.S. data in spotlight
▼ + stars: | 2023-04-27 | by ( ) www.cnbc.com time to read: +2 min

Pure 1,000-gram gold bars produced by South Korea's LS-Nikko are stacked in a dealers room in Seoul on January 9, 2009. Gold prices rose on Thursday as a softer dollar rekindled some of bullion's appeal for overseas buyers, while investors braced for a host of U.S. economic data ahead of a crucial Federal Reserve policy meeting next week. Spot gold rose 0.48% to $1,999.01 per ounce by 448 GMT, while U.S. gold futures climbed 0.6% to $2,008.10. Safe-haven gold scaled an over one-year peak at $2,048.71 in mid-April, as the banking crisis unfolded and weak U.S. economic readings bolstered bets for a pause in interest rate hikes. Brian Lan, managing director at gold dealer GoldSilver Central in Singapore said, a lot is hinged on the Fed's interest rate decision in May, and gold could see more volatility due to the dollar.

☆ Gold rises on subdued dollar, US data in spotlight
▼ + stars: | 2023-04-27 | by ( Arundhati Sarkar | ) www.reuters.com time to read: +2 min

Spot gold rose 0.4% to $1,996.50 per ounce by 0230 GMT, while U.S. gold futures climbed 0.5% to $2,005.20. Making bullion less expensive for other currencies holders, the dollar index eased 0.1% on the day. The U.S. House of Representatives on Wednesday narrowly passed a bill to raise the government's $31.4 trillion debt ceiling. Therefore, given the "uneasy tone with the banking situation" and the "debt ceiling uncertainties, gold will probably be more sensitive to the upside than to the downside," Meir said. Elsewhere, spot silver rose 0.5% to $25.02 per ounce, platinum added 0.3% to $1,092.68, and palladium ticked 0.1% up to $1,513.81.

☆ Gold prices ease as traders gauge OPEC+ output cuts, weak U.S. data
▼ + stars: | 2023-04-04 | by ( ) www.cnbc.com time to read: +2 min

Oil prices steadied with investors' attention shifting to demand trends and the impact of higher prices on the global economy. Gold prices dropped on Monday after a surprise cut in OPEC+ crude production was announced over the weekend. Bullion is seen as a hedge against inflation, but higher rates increase the opportunity cost of holding the non-yielding asset. "If we are right, this should send the dollar lower and clear the 'runway' for an additional move higher." Spot silver slipped 0.5% to $23.88 per ounce, platinum eased 0.1% to $984.99 and palladium ticked 0.1% lower to $1,458.42.

☆ Why our brains are hard-wired for bank runs like those that toppled SVB, Signature
▼ + stars: | 2023-03-17 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Rebecca Noble | AFP | Getty ImagesCustomer fear became a self-fulfilling prophecyOur brains are hard-wired for a bank run. Last week, bank customers saw their peers run for the exits; sensing danger, that herd mentality meant they also rushed to withdraw their cash. More from Personal Finance:What small businesses should look for when choosing a bankWhat Signature Bank, Silicon Valley Bank failures mean for consumers and investorsWhat to know about FDIC insuranceWhy the bank run on SVB seemed 'rational' for someThere are firewalls against this kind of behavior. The Federal Deposit Insurance Corporation, or FDIC, backstops bank customers' savings up to $250,000. "If you don't rationally understand the way the market interprets signals, you can make a mistake like Silicon Valley Bank," Shefrin said.

☆ Gold eases as traders fret about interest rates
▼ + stars: | 2023-03-06 | by ( ) www.cnbc.com time to read: +2 min

Gold prices ticked lower on Monday as central banks indicated further interest rate hikes to tame stubbornly high inflation, diminishing bullion's appeal as a hedge against price increases. Spot gold was down 0.1% at $1,853.99 per ounce, as of 0305 GMT, after climbing to its highest since Feb. 15 on Friday. Interest rate hikes to contain high inflation discourage investors from placing money in non-yielding assets such as gold. Richmond Fed President Thomas Barkin said on Friday he could see U.S. rates in the 5.5%-5.75% range. Spot silver firmed 0.1% to $21.27 per ounce, platinum slipped 0.3% to $974.36 and palladium was down 0.2% at $1,449.82.

☆ Helen Mirren: Starring in 'Golda' like playing British monarch
▼ + stars: | 2023-02-20 | by ( Miranda Murray | ) www.reuters.com time to read: +2 min

BERLIN, Feb 20 (Reuters) - For Helen Mirren, playing Israel's only female prime minister, Golda Meir, was not unlike a role as a British monarch. "Golda," which premiered at the Berlin Film Festival on Monday, focuses on Meir's leadership during the Yom Kippur War between Israel and a coalition of Arab states in October 1973. "It's not a biopic, it's not her whole life, it's just a little section where she's most challenged," said Mirren. Mirren is nearly unrecognizable as Meir thanks to prosthetics and a make-up regimen that took hours, re-creating the Israeli leader's nicotine-stained fingers and swollen ankles. Nattiv also explained his decision to cast Mirren even though she is not Jewish, saying that besides being an excellent actor, she felt like a family member.

☆ Gold rebounds but holds below $1,900/oz level on Fed fears, firm dollar
▼ + stars: | 2023-02-06 | by ( ) www.cnbc.com time to read: +2 min

Twenty kilogram gold and silver bricks sit at the ABC Refinery smelter in Sydney, New South Wales, Australia, on Thursday, July 2, 2020. Gold prices regained some ground on Monday but a firmer dollar and concerns that the U.S. Federal Reserve might keep hiking interest rates kept bullion below the key $1,900-an-ounce level. Spot gold was up 0.4% at $1,872.96 per ounce, as of 0257 GMT, after hitting its lowest level since Jan. 6 earlier in the session. Those bets helped the dollar index rise 0.2%, adding pressure on gold by raising its cost for buyers holding other currencies. Spot silver edged up 0.2% to $22.39 per ounce, platinum was little changed at $973.88 and palladium added 0.2% to $1,626.38.

☆ Gold slips as dollar gains momentum
▼ + stars: | 2023-01-18 | by ( Ashitha Shivaprasad | ) www.reuters.com time to read: +2 min

SummarySummary Companies Gold will bounce around $1,900 level in near term - analystBarrick set to report highest quarterly gold output for 2022Jan 18 (Reuters) - Gold prices inched lower on Wednesday as the U.S. dollar firmed, while expectations of a slowdown in the pace of Federal Reserve interest rate hikes limited the losses. A stronger dollar tends to make gold more expensive for buyers holding other currencies. If the narrative continues to be that inflation is cooling and interest rates will come down, then it will be bullish for gold." FEDWATCHLower interest rates tend to be beneficial for bullion, decreasing the opportunity cost of holding the non-yielding asset. On the physical front, Canadian miner Barrick Gold Corp (ABX.TO) reported on Tuesday a 13.4% sequential rise in gold production in what could be its highest quarterly output last year.

☆ Gold set for weekly gain on smaller U.S. rate-hike bets
▼ + stars: | 2023-01-13 | by ( Ashitha Shivaprasad | ) www.reuters.com time to read: +2 min

Spot gold was up 0.1% at $1,898.57 per ounce, as of 0234 GMT. But we see gold continuing to rise despite cooling inflation because the market is looking at a lower dollar and smaller interest rate hikes," said Edward Meir, metals analyst, Marex. Gold is seen as an inflation hedge, but higher interest rates increase the opportunity cost of holding the asset. Atlanta Federal Reserve Bank president Raphael Bostic said the inflation data may allow the Fed to scale back to quarter-point rate hikes at its upcoming meeting. Spot silver edged 0.1% higher to $23.79, platinum gained 0.1% to $1,068.79 while palladium slipped 0.6% to $1,780.91.

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