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Gold lacks momentum as investors brace for Fed minutes Gold prices were subdued on Wednesday as investors strapped in for minutes from the Federal Reserve's latest policy meeting for insights into the U.S. central bank's interest rate trajectory. Spot gold held its ground at $2,619.75 per ounce by 0255 GMT, after hitting a two-week low in the previous session. Prices scaled a record high of $2,685.42 on Sept. 26. U.S. gold futures edged 0.1% higher to $2,638.20. The dollar index witnessed a sharp rally to a seven-week high last w...
Gold lacks momentum as investors brace for Fed minutes
Gold lacks momentum as investors brace for Fed minutes
Source: Reuters
2024-10-09 09:13:45 am
Rupee climbs to over one-month high on foreign banks' dollar sales The Indian rupee rose to its highest in over a month on Tuesday, aided by dollar sales from large foreign banks and a dip in Treasury yields ahead of the release of minutes from the Federal Reserve’s latest policy meeting later in the day. The rupee was at 83.23 against the U.S. dollar as of 10:00 a.m. IST, up 0.09% from its close at 83.3050 in the previous session. The rupee rose to an intra-day peak of 83.2250, its highest since April 10, in early trading. Dollar sales from a...
Rupee climbs to over one-month high on foreign banks' dollar sales
Rupee climbs to over one-month high on foreign banks' dollar sales
Source: Reuters
2024-05-22 11:57:59 am
Dollar holds its ground as key inflation data looms The dollar held tight ranges against most peers on Thursday as traders awaited key U.S. inflation data for cues on Federal Reserve policy, while the focus on the massive interest rate gap between Japan and the U.S. helped it make some gains on the yen. Against the Japanese yen, the dollar slowly inched up after it fell more than 3% last week, its biggest weekly percentage drop since early December 2022. The yen received a slight boost in the Asian morning following the release of the Ba...
Dollar holds its ground as key inflation data looms
Dollar holds its ground as key inflation data looms
Source: Reuters
2024-05-09 09:28:01 am
Gold prices steady with US economic data on tap Gold prices fluttered in a tight range on Thursday, as investors turned their attention to U.S. economic data that could offer additional insights into when the Federal Reserve might implement interest rate reductions. Spot gold was steady at $2,309.23 per ounce, as of 0057 GMT. U.S. gold futures lost 0.2% to $2,316.80. The U.S. weekly jobless claims data is due at 1230 GMT, and the University of Michigan's consumer sentiment reading on Friday. The consumer price index data is sched...
Gold prices steady with US economic data on tap
Gold prices steady with US economic data on tap
Source: Reuters
2024-05-09 08:59:03 am