Gold also registered modest gains on Thursday before a US employment report close tuned for the month of March, by placing it in track for its biggest quarterly profit in nearly 30 years because expectations US rate hikes receded. On…
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Monthly Archives: March 2016
Gold Edges Back Below $1,240 After Yellen Put, Amid Heavy Profit Taking
Gold futures edged back below $1,240 an ounce on Wednesday amid heavy profit taking, as investors cashed in some of the previous day’s 1.7 percent gains, sparked by Fed chair Janet Yellen’s indication that she remained cautious stance toward future…
Gold Rise 1%, as Fed Chair Yellen Signals Future Rate Hikes
Prices of gold gained about 1% or $ 15 an ounce, bouncing off one-month lows from the previous session, as Janet Yellen, emphasizes that the Federal Reserve should proceed step by step with the time of its next rise types,…
Gold Bounces Off 5-Week Low as Dollar Gains on Fed Hike View
Prices of gold have fallen to their lowest level in a month on Monday, pressured by stronger dollar after the hawkish comments from Federal Reserve officials suggesting at least two interest rate hikes this year, with the first potentially next…
Gold Prices Dropped Towards 2-Week Low After U.S. Inflation Data, Fed in Focus
Prices of gold plunged further at the domestic bullion market here today at previous sessions of two weeks by the strong liquidation of storekeepers and driven by foreign investors bearish signals. Additionally on Wednesday after data showed consumer prices from…
Gold Prices Hits Lowest in Almost 2 Weeks After Weak U.S. Retail Sales Data
Prices of gold futures came off the lowest levels of the sessio in almost two weeks on Tuesday ahead of a Fed’s meeting that is expected to give clues on the pace of future US rate rises, underlining concerns over…
Gold Prices Under Pressure Ahead of Hawkish BOJ, Fed Policy Meetings
Gold futures prices fell sharply on Monday extending losses from late last week, as investors braced for further declines ahead of investors looked to a raft of central bank meetings and rate decisions this week. Gold for April delivery on…
Posted in Commodity, Stocks Market
Gold Prices Rises 1% Along With Euro after Draghi Remarks
Prices of gold was rebounded by 1 percent on Thursday from heavy losses as the rebound of the euro back from a six-week low against the dollar after European Central Bank (ECB) chief Mario Draghi said more interest rate cuts…
Gold Futures Near 13-month Peak After China Data; Delayed Fed Rate Hike Bets
Prices of gold rose back to the highest level in over a year with the support of a weaker dollar and lower European shares after the Chinese trade data fueled concerns about the state of global demand, and supported on…
Gold Extends Losses after Stronger Than Expected ADP Data, Higher Stocks
Gold futures fell for a second session Wednesday as global equities and the dollar went up data showed that non-farm private employment increased by more than expected in February, increasing optimism about the health of the labor market and reinforcing…
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