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☆ Gold slips on firmer dollar, Fed rate outlook
▼ + stars: | 2023-04-19 | by ( ) www.cnbc.com time to read: +2 min

Gold prices fell on Wednesday as the U.S. dollar regained some ground, while investors assessed the chances of the Federal Reserve raising interest rates just once more in May before pausing. Higher interest rates dim non-yielding bullion's appeal. The Fed should continue raising rates on the back of recent data showing inflation remains persistent, St. Louis Fed President James Bullard said on Tuesday. But Atlanta Fed President Raphael Bostic said one more hike "should be enough" before taking a step back to "see how our policy is flowing through the economy." Markets see a 95% chance of the Bank of England raising interest rates next month.

☆ Gold off one-year highs as investors weigh rate hike prospects
▼ + stars: | 2023-04-17 | by ( Kavya Guduru | ) www.reuters.com time to read: +2 min

SummarySummary Companies Gold prices biased for a grind higher - analystsMarkets pricing in Fed 25-bps rate hike in MayU.S. dollar up 0.1%April 17 (Reuters) - Gold prices inched higher on Monday but were off one-year highs reached late last week as mixed economic data prompted investors to reassess the U.S. Federal Reserve's rate hike trajectory and boosted the dollar. Spot gold was up 0.1% at $2,004.74 per ounce, as of 0353 GMT. The dollar index was 0.1% higher, making bullion expensive for overseas buyers. Other data showed households expected inflation to rise over the next 12 months. The CME FedWatch tool shows markets are pricing in a 80.9% chance of a 25 basis point hike in May.

☆ Gold set for 2nd weekly gain on weak dollar, Fed pause hopes
▼ + stars: | 2023-04-14 | by ( Kavya Guduru | ) www.reuters.com time to read: +2 min

Spot gold was up 0.1% at $2,042.01 per ounce, as of 0534 GMT, hovering near a one-year high reached on Thursday. The dollar index slid to a one-year low, making bullion cheaper for buyers holding other currencies. Data this week showed the U.S. producer price index in March dropped the most since April 2020, while the consumer price index rose less than expected. Gold is considered a hedge against inflation and economic uncertainties, but higher interest rates dim non-yielding bullion's appeal. Spot silver rose 0.5% to $25.90 per ounce, hitting a one-year peak earlier, while platinum gained 0.5% at $1,051.93.

☆ Gold set for second weekly gain as weak dollar, Fed pause bets lift appeal
▼ + stars: | 2023-04-14 | by ( ) www.cnbc.com time to read: +2 min

Gold bars are displayed at a bullion merchant's, Baird & Co., in London, U.K., on Friday, March 14, 2008. Gold prices edged higher on Friday, set for a second consecutive weekly gain, as the U.S. dollar tumbled and recent economic data prompted bets that the Federal Reserve is nearing the end of its rate-hike cycle. Spot gold was up 0.2% at $2,044.09 per ounce, as of 0355 GMT, hovering near a one-year high reached on Thursday. The dollar index slid to a one-year low, making bullion cheaper for buyers holding other currencies. Gold is considered a hedge against inflation and economic uncertainties, but higher interest rates dim non-yielding bullion's appeal.

☆ Gold off one-year highs as dollar firms ahead of U.S. payrolls data
▼ + stars: | 2023-04-06 | by ( ) www.cnbc.com time to read: +2 min

Gold prices slipped from one-year highs on Thursday as the dollar regained some ground, while investors awaited the U.S. non-farm payrolls report to gage the Federal Reserve's monetary policy strategy. The economic data points this week were major components supporting gold prices, he added, while also noting some profit-booking ahead of the Good Friday holiday. Wednesday's data showed the U.S. services sector slowed more than expected in March. While gold is traditionally considered a hedge against inflation and economic uncertainties, higher interest rates dim non-yielding bullion's appeal. Markets see a 53.8% chance of the Fed standing pat on interest rates in May, according to CME's FedWatch tool.

☆ Gold slips on firmer dollar ahead of US payrolls data
▼ + stars: | 2023-04-06 | by ( ) www.reuters.com time to read: +2 min

[1/2] Gold bars are pictured at the plant of gold and silver refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. REUTERS/Denis Balibouse/File PhotoApril 6 (Reuters) - Gold prices fell on Thursday as the dollar firmed ahead of a much awaited U.S. non-farm payrolls report, as investors sought clarity on whether the Federal Reserve might take a breather on its monetary tightening path. * Investors now await Friday's non-farm payrolls report for March, with economists polled by Reuters expecting new jobs of about 240,000. * Markets see a 54.2% chance of the Fed standing pat on interest rates in May, according to the CME FedWatch tool. * While gold is traditionally considered a hedge against inflation, higher interest rates dim non-yielding bullion's appeal.

☆ Gold set for best month since July 2020 on banking turbulence
▼ + stars: | 2023-03-31 | by ( ) www.cnbc.com time to read: +2 min

Gold prices edged up on Friday, en route to their best monthly performance since July 2020, as the recent banking system crisis led to expectations of a less-aggressive U.S. Federal Reserve, making bullion an attractive bet. Bullion was also set for a second consecutive quarterly gain, up 8.6% so far. The dollar was on track for a second consecutive quarterly loss, making bullion cheaper for overseas buyers. Gold rose above the $2,000 mark after the sudden collapse of two U.S. regional lenders earlier this month, which led to bets that the Fed might pause hiking rates to avoid a wider fallout from the global banking system turmoil. Although gold is considered a hedge against economic uncertainties, higher rates tend to dull zero-yielding bullion's appeal.

U.S. Treasury yields extended a slide after data showed March U.S. consumer sentiment fell for the first time in four months. Credit Suisse's chief executive said on Friday the bank was working hard to stem customer outflows, although this could take time. The STOXX 600 (.STOXX) index fell 2.21%, while Europe's broad FTSEurofirst 300 index (.FTEU3) dropped 22.85 points, or 1.31%. The U.S. 2-year Treasury yield , which is sensitive to shifts in interest rate expectations, fell to 3.9835% compared with a previous close of 4.13%. The benchmark German 10-year yield fell to 2.099% versus 2.243% previously .

☆ 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.

☆ Gold holds tight range ahead of U.S. economic data
▼ + stars: | 2023-01-25 | by ( ) www.cnbc.com time to read: +1 min

Gold prices traded in a tight range on Wednesday as investors stayed away from taking big bets ahead of U.S. economic growth data this week, while expectations of slower interest rate hikes from the Federal Reserve kept bullion's outlook bright. Spot gold was steady at $1,937.09 per ounce, as of 0249 GMT, after hitting its highest since late April 2022 on Tuesday. Most investors are expecting the Fed to raise rates by 25 basis points (bps) at its policy meeting next week. With lower interest rates translating into lesser returns on interest-bearing assets like government bonds, investors may prefer zero-yield gold. Data showed on Tuesday Swiss exports of gold to countries including China, Turkey, Singapore and Thailand surged to multi-year highs in 2022.

☆ Gold set for fifth straight weekly rise on Fed slowdown bets
▼ + stars: | 2023-01-20 | by ( Ashitha Shivaprasad | ) www.reuters.com time to read: +2 min

Spot gold was little changed at $1,930.04 per ounce, as of 0308 GMT and was up 0.5% for the week. With lower rates translating into lesser returns on interest-bearing assets like government bonds, investors may prefer zero-yield gold. The dollar index was headed for a second consecutive weekly drop, making bullion cheaper for overseas buyers. Both metals headed for a second straight week of declines. Reporting by Ashitha Shivaprasad in Bengaluru; Editing by Rashmi Aich and Eileen SorengOur Standards: The Thomson Reuters Trust Principles.

☆ Gold edges higher as investors weigh Fed slowdown chances
▼ + stars: | 2023-01-19 | by ( Ashitha Shivaprasad | ) www.reuters.com time to read: +2 min

Spot gold was up 0.1% at $1,906.01 per ounce, as of 0252 GMT. U.S. gold futures fell 0.1% to $1,906.00. Few Fed officials signalled on Wednesday that they would push on with more interest rate hikes, while Philadelphia Fed President Patrick Harker and Dallas Fed President Lorie Logan said they supported a slower pace of tightening. Lower interest rates tend to boost bullion's appeal as they decrease the opportunity cost of holding the non-yielding asset. Spot silver lost 0.2% to $23.38 per ounce, platinum was flat at $1,038.38, and palladium fell 0.1% to $1,716.13.

☆ Gold steadies near 9-month peak on hopes of slower Fed rate hike
▼ + stars: | 2023-01-16 | 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 steadied after climbing to their highest in nearly nine months on Monday, as a softer dollar and expectations of slower interest rate hikes from the U.S. Federal Reserve added to bullion's shine. Earlier in the session, prices hit $1,929 per ounce, a peak since late April. "The growing adoption of green energy sources continues to favor fabrication demand for silver ... Silver bar and coin demand continued to be high," ANZ said in a note. "We expect silver to perform well, in tandem with gold, as investors look for cheaper alternatives to gold."

☆ Gold rises, set for weekly gain with spotlight on U.S. jobs data
▼ + stars: | 2023-01-06 | by ( Ashitha Shivaprasad | ) www.reuters.com time to read: +2 min

Spot gold rose 0.3% to $1,838.38 per ounce, as of 0238 GMT. The market's focus shifts to the U.S. Labor Department's closely watched nonfarm payrolls (NFP) data due at 1330 GMT. "Higher-than-expected job gains and more persistent wage pressures may be catalysts to add pressure on gold," said IG Market strategist Yeap Jun Rong. "Gold prices have been finding its way higher since November as bullish bets in dollar and yields unwind. For 2023, gold prices may continue to draw in buyers but it might face some risk from hawkish pushback from policymakers."

[1/2] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 7, 2022. In currencies, the dollar, a beneficiary of rising U.S. interest rates, fell on the day but was on track for a 2022 gain of roughly 8%, its biggest annual increase since 2015. The U.S. U.S. 10-year Treasury yield rose on Friday and closed out the trading year with its biggest annual increase in decades, pushed higher by aggressive Fed rate hikes. U.S. crude oil futures registered a second straight annual gain after a wildly volatile year marked by tight supplies due to the Ukraine war and then sliding demand from China, the world's top crude importer. Gold was showing its biggest quarterly gain since June 2020, while the Fed's fast-paced tightening cycle had tempered bullion's progress for the full year.

[1/2] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 7, 2022. The dollar, a beneficiary of rising U.S. interest rates, was down slightly on Friday but on track for a 2022 gain of 8%, its biggest annual percentage increase since 2015. The U.S. 10-year Treasury yield rose on the day and was poised to close out the trading year with its biggest annual increase in decades, pushed higher by aggressive Fed rate hikes. In stocks, battered growth stocks and Nasdaq leading declines dragged Wall Street's main indexes lower. The dollar index fell 0.173%, with the euro up 0.12% to $1.0674.

☆ Gold firms as dollar slips; Fed's rate-hike bets cap advance
▼ + stars: | 2022-12-20 | by ( Ashitha Shivaprasad | ) www.reuters.com time to read: +2 min

A weaker dollar makes gold more attractive to overseas buyers. However, "the prospects of a higher terminal Fed rate could prevent gold enjoying a runaway rally next year". Last week, Fed Chair Jerome Powell said the U.S. central bank will deliver more rate hikes next year to curb inflation. Although gold is considered an inflation hedge, higher rates increase the opportunity cost of holding the asset. European Central Bank Vice-President Luis de Guindos signalled the bank was determined to keep raising interest rates.

☆ Gold flat, set for weekly fall on hawkish Fed
▼ + stars: | 2022-12-16 | by ( ) www.cnbc.com time to read: +1 min

Gold jewelry at a store ahead of the festival of Diwali in New Delhi, India on Sunday, Oct. 23, 2022. Gold prices were flat on Friday and set for a weekly loss, pressured by expectations of higher interest rates for a longer period by the U.S. Federal Reserve. Spot gold was steady at $1,776.85 per ounce as of 0028 GMT, having fallen more than 1% this week. SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, said its holdings rose 0.3% to 913.88 tons on Thursday. Spot silver rose 0.1% to $23.06, platinum lost 0.1% to $1,005.14 and palladium was down 0.2% to $1,787.50.

☆ Gold eases as Fed hints at more rate hikes next year
▼ + stars: | 2022-12-15 | 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 inched down in early Asian hours on Thursday, after the U.S. Federal Reserve signaled to more interest rates hikes next year. Spot gold slipped 0.1% to $1,806.11 per ounce, as of 0035 GMT. Gold is traditionally known as an inflation hedge but higher interest rates tend to dim the bullion's appeal as it increases the opportunity cost of holding the non-yielding metal. SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, said its holdings fell 0.1% to 911.56 tons on Wednesday.

☆ Gold flat as traders brace for Powell's speech
▼ + stars: | 2022-11-30 | 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 were little changed on Wednesday, with investors largely focusing on Federal Reserve Chair Jerome Powell's speech for insights into the U.S. central bank's monetary policy path. Spot gold was flat at $1,750.00 per ounce, as of 0019 GMT. Powell's speech at a Brookings Institution event scheduled for 1830 GMT will be evaluated for any new signs of hawkishness. Spot silver slipped 0.2% to $21.23, platinum fell 0.1% to $1,000.88 and palladium rose 0.2% to $1,837.58.

☆ Gold flat as market awaits Fed minutes for rate-hike path
▼ + stars: | 2022-11-23 | 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 were flat on Wednesday, as investors held back from making big bets ahead of the U.S. Federal Reserve's latest policy meeting minutes, which could offer clues on further interest rate hikes. "There is some nervousness in the market ahead of the Fed minutes," said Edward Meir, an analyst with ED&F Man Capital Markets. Market participants are awaiting the minutes of Fed's Nov. 1-2 policy meeting due at 1900 GMT. Although gold is seen as a hedge against inflation, rising U.S. interest rates dull non-yielding bullion's appeal.

☆ Gold flat as geopolitical tensions ease; focus on future Fed path
▼ + stars: | 2022-11-17 | 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 were flat on Thursday as safe-haven demand from latest geopolitical concerns faded, while hopes that the U.S. Federal Reserve would be less aggressive on rate hikes over coming months underpinned the market. Gold prices hit a three-month peak of $1,786.35 per ounce on Tuesday, after news that Russian missiles killed two people in Poland near the Ukraine border. Focus remained on Fed's interest rate strategy, with traders pricing in a 93% probability of a 50 basis-point of rate hike at the U.S. central bank's December meeting. U.S. 10-year Treasury yields were hovering near a one-month low, reducing the opportunity cost of holding non-interest bearing gold.

☆ Gold firms on Fed slowdown hopes, latest Russia jitters
▼ + stars: | 2022-11-16 | 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. Spot gold held its ground at $1,776.50 per ounce, as of 0103 GMT, after hitting its highest since Aug. 15 in the previous session. U.S. gold futures rose 0.2% at $1,780.40 per ounce. But, safe-haven gains for the dollar limited greenback-priced gold's advance as the U.S. unit rose 0.2% against its rivals. Spot silver eased 0.2% to $21.48 per ounce.

☆ Gold hovers near 3-month high on hopes of smaller Fed hikes
▼ + stars: | 2022-11-15 | 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. Spot gold was steady at $1,770.70 per ounce, as of 0122 GMT, after hitting its highest since Aug. 17 in the previous session. The dollar index rose 0.3% against its rivals, making gold more expensive for other currency holders. The Fed will likely soon slow its interest rates hikes, Fed Vice Chair Lael Brainard signaled on Monday, but emphasized the central bank still had more work to do. SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, said its holdings rose 0.03% to 910.41 tons on Monday from 910.12 tons on Friday.

☆ Gold subdued as dollar ticks higher; investors eye Fed outlook
▼ + stars: | 2022-10-26 | by ( ) www.cnbc.com time to read: +1 min

Gold prices were flat on Wednesday on a firmer dollar, although the bullion was anchored in a narrow range with investors awaiting further guidance on U.S. Federal Reserve 's policy tightening. Spot gold was flat at $1,653.06 per ounce, as of 0118 GMT, while U.S. gold futures were down 0.2% at $1,654.20. The Fed is widely expected to deliver a fourth straight supersized interest-rate hike when they meet in November. Top gold consumer, China's net gold imports via Hong Kong halved from the previous month in September, data showed on Tuesday. Spot silver fell 0.1% to $19.32 per ounce, platinum dipped 0.1% to $914.04 and palladium rose 0.9% to $1,940.55.

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