Gold prices fall 0.7% as Fed tightening bets weigh
Spot gold fell to $4,254.77 an ounce. US gold futures slipped 0.7% to $4,289.70. Silver, platinum and palladium also declined.
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Fed tightening bets weigh on gold prices
Gold prices fell on Monday as a rise in oil prices heightened inflation concerns and reinforced expectations of further Federal Reserve interest rate hikes.FUNDAMENTALS* Spot gold TVC:GOLD was down 0.7% at $4,254.77 per ounce, as of 0010 GMT. US gold futures TVC:GOLD drifted 0.7% lower to $4,289.70…
Gold Remains Under Pressure on Fed Hike Bets
Gold prices traded around $4,280 an ounce on Friday, down more than 1% for the week, as rising US Treasury yields and growing expectations of further Federal Reserve rate hikes weighed on the metal. Meanwhile, oil prices paused a two-day rally as US and Iranian negotiators in New York reportedly explored a deal that co
Gold Prices Slip as Strong US Data Fuels Fed Tightening Bets
Gold prices edged lower to around $4,270 an ounce on Thursday, moving closer to their lowest level since early August, weighed by expectations that the US Federal Reserve could tighten monetary policy further. Mounting US inflation pressures and signs of a resilient economy appear to be reinforcing expectations of anot
Gold slips on Fed policy tightening bets
By Ashitha ShivaprasadGold prices drifted lower on Thursday as expectations that the US Federal Reserve could tighten policy further weighed on the non-yielding metal.Spot gold TVC:GOLD fell 0.3% to $4,274.79 per ounce, by 0702 GMT. US gold futures TVC:GOLD for December delivery fell 0.2% to $4,30…
PRECIOUS — Gold muted as investors weigh chances of further Fed rate hikes
Sept 24 (Reuters) — Gold prices were muted in early Asian trade on Thursday, with investors focussed on the prospect of further Federal Reserve interest rate hikes this year. Fundamentals Spot gold was flat at $4,285.31 per ounce, as of 0022 GMT. US gold futures for December delivery were little changed at $4,321.40. U
Indian rupee to trade in narrow range; bond yields may edge higher
The Indian rupee is expected to trade between 95.30 and 96.00 this week, supported by portfolio inflows and central bank intervention. Meanwhile, benchmark 10-year bond yield may edge higher as investors focus on the Reserve Bank of India's liquidity withdrawal.