Tag: rate
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Copper Prices Fell Due To A Stronger Dollar And Signals Of No U.S. Rate Cut In Mar.
[ad_1] Copper prices experienced a decline of -0.89% yesterday, settling at 726.75, influenced by a stronger dollar and indications of no U.S. rate cut in March. However, positive data from China and tightening supply dynamics provided some support. The Caixin China General Manufacturing PMI for January unexpectedly held at 50.8, surpassing market forecasts and marking…
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Silver Steadied As Investors Reduced Their Expectations For Rate Cuts This Year
[ad_1] closed marginally lower by -0.04%, settling at 72218, as economic uncertainties and cautious sentiment surrounding interest rates restrained investor demand. Federal Reserve Chair Jerome Powell indicated that the central bank is unlikely to cut rates in March, citing concerns about having sufficient confidence in inflation data. The U.S. labor market’s apparent loss of momentum,…
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Gold Settled Flat As Traders Assess Fed Move Regarding Interest Rate Cuts.
[ad_1] Gold experienced a marginal decline of -0.03%, closing at 61964, as traders analyzed the latest economic data and speculated on the Federal Reserve’s potential actions regarding interest rate cuts. The U.S. labour market added an element of uncertainty with a notable increase in first-time unemployment benefit applications. Weekly jobless claims rose by 25,000 to…
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Gold prices set for steep weekly drop as traders question March rate cut
[ad_1] Investing.com– Gold prices steadied on Friday, but were nursing steep declines for the week as growing doubts over early interest rate cuts by the Federal Reserve battered the yellow metal. Bullion prices had fallen sharply to a one-month low on Wednesday, but found some support around the $2,000 an ounce level amid some safe-haven…
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Zinc dropped due to a stronger dollar and uncertainty about US interest rate cuts.
[ad_1] Zinc faced a decline of -0.91%, settling at 228.45, influenced by a stronger dollar supported by uncertainty regarding the timeline and extent of U.S. interest rate cuts. The Federal Reserve’s meeting minutes downplayed the urgency of interest rate cuts, with officials expressing a belief in the likelihood of a soft landing for the economy. …
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Gold prices rise in strong start to 2024, early rate cuts in focus
[ad_1] Investing.com– Gold prices rose on Tuesday after seeing strong gains in the last few trading days of 2023, as traders cheered the prospect of early interest rate cuts by the Federal Reserve in 2024. Spot prices of the yellow metal were trading about $70 an ounce below a record high hit at the beginning…
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Silver Falls On Profit-Taking Post Price Surge On Anticipation Of Fed Rate Cuts.
[ad_1] experienced a decline of -0.91% yesterday, closing at 74959, attributed to profit booking following earlier gains spurred by expectations of impending interest rate cuts by the US Federal Reserve. Economic indicators revealed a rise in weekly claims to 218K, surpassing estimates of 210K. Additionally, the core PCE index dropped to 3.2% in November from…
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Gold prices cross $2,060 as soft inflation heralds 2024 rate cuts
[ad_1] Investing.com– Gold prices rose in low-volume Asian trade on Tuesday, breaking out of a trading range seen through most of December as soft U.S. inflation data fueled more bets on early interest rate cuts in 2024. The yellow metal saw a strong run of gains in recent sessions, following a weaker-than-expected reading on the…
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Gold prices rangebound as markets gauge 2024 rate cut bets
[ad_1] Investing.com– Gold prices moved little in Asian trade on Thursday, sticking to a trading range established over the past week as markets speculated over just when the Federal Reserve will begin trimming interest rates. The yellow metal stuck to a range between $2,000 and $2,050 an ounce seen over the past week. While dovish…