Gold stands still as Fed meeting starts
On Tuesday, gold was intact because market participants shifted their attention to this week’s Fed Reserve monetary policy gathering…
Gold approaches 1-week peak as traders bet on patient Fed
On Thursday, gold grew in European trade, approaching a one-week peak, reacting to Fed Chair Janet Yellen's congressional testimony to gradually lift interest rates.
In New York, gold futures hit $1,222.49 a troy, rising approximately 0.3%.
On Wednesday, prices tallied a third-straight profit after Yellen sounded quite cautious on inflation. She also stressed that the Fed wouldn’t require lifting rates for the purpose of reaching current low estimates of the neutral funds rate.
Yellen added that the American economy is healthy enough for the major US bank to start winding down its huge $4.5 trillion balance sheet at some point in 2017.
Experts considered the speech to be mostly dovish.
The US dollar index slumped nearly 0.3%, showing 95.31 in early trade, which is not far from the nine-month minimum of 95.22 achieved in late June.
Profits of the benchmark 10-year American Treasury declined to 2.32%, off peaks near 2.39% hit the previous week.
Similar
Gold ascends to session maximums on US inflation data
On Wednesday, gold managed to leap reaching the best levels of the trading session because data disclosed that American consumer price surge speeded down in November…
Gold surges a bit
On Friday, gold headed south…
Latest news
Weekly CryptoNews
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
Most Asian stocks post strong revenues with Nikkei rising more than 2%
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan real wages surge is slowest in almost two years
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
Deposit with your local payment systems
