Gold rises 1.1% as Fed outlook and dollar in focus
Spot gold gained 1.1% to $4,177.44 per ounce, with a softer US dollar, easing Treasury yields, and lower oil prices cited as supportive.
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Spot gold gained 1.1% to $4,177.44 per ounce, with a softer US dollar, easing Treasury yields, and lower oil prices cited as supportive.
Air Liquide plans to accelerate acquisitions, focusing on China and the U.S., according to Citi analysts. The company expects M&A to contribute about one percentage point to its 5% sales CAGR target, mainly through bolt-ons.
Gold futures rose 0.5% to $4,161.10 an ounce as traders weighed Federal Reserve minutes showing most policymakers thought another rate increase could be appropriate by year-end. Silver was down 1.1% at $59.62 an ounce.
World stocks rose on Tuesday, reaching two-week highs as falling oil prices and retreating bond yields steadied sentiment ahead of an earnings season expected to be driven by AI growth. S&P 500 futures pointed to a record-high open, while the Nasdaq was on track for a third consecutive all-time high.
Major Asian, US and European stock indexes were lower, while bonds and the dollar were mixed. The report also showed Brent crude higher and gold at a more than seven-week low.
Major stock indexes fell, with the MSCI world gauge down 0.83%, as oil prices resumed their rise and Treasury yields extended gains. Spot gold dropped 3.5% to a more than seven-week low.
HIGHLIGHTS * Gov Barr (permanent FOMC voter)'s speech Tuesday is primarily on the longer-term outlook for the housing sector, but importantly he notes that his "base case" is for "further policy adjustments" (plural) * Iranian security chief Rezaii via Irib: "Iran has not been in a hurry to negotiate; today, Iran's con
* Oil has continued to trend lower during Wednesday's APAC session as talks continue on the sidelines of this week's UN gathering. The fact negotiations are even taking place to facilitate Middle East energy shipments is driving optimism in markets but the situation remains very precarious. UST futures are higher, but
Sept 18 (Reuters) — Gold inched higher on Friday as lower oil prices and a subdued US dollar offered support, while market participants kept their focus on developments in the Middle East and the outlook for global monetary policy. Fundamentals Spot gold was up 0.3% at $4,352.60 per ounce, as of 0050 GMT. US gold futur
Gold climbs nearly 1% to above $4,650 an ounce, its highest since mid-May, as a subdued dollar lifts bullion and markets await US inflation data and Federal Reserve Chair Kevin Warsh comments.