11 Articles
11 Articles
Future gold contracts fired on Thursday (3) and recovered much of the land lost after the more .hawkish . (prone to the highest interests) speech of the president of the Federal Reserve (Fed), Kevin Warsh, in Jackson Hole, on Friday (28). The trigger for improvement was the interview with a more .dovish . (prone to the lowest interests) of the director of the Kevin Waller a Reuters, which led to a re-recification of the bets on the direction of …
After Fed boss Kevin Warsh's speech in Jackson Hole, the likelihood of a US interest rate increase increases in September. Gold and silver are under considerable pressure and give up some of their recovery.
Gold prices maintained their stability in Asian transactions today, Friday, moving towards minor weekly gains, as attention shifted to prospective US job data in search of indications about the next US Federal Reserve Council decision on the interest rate. The price of gold in immediate transactions maintained its level at $4477.10 per ounce after prices jumped by 2 [...].
MTS Gold indicates that gold prices are recovering and testing $4,500, as the market reduces the likelihood of a Fed interest rate hike, bond yields and a weaker dollar. They are monitoring US employment figures and CPI to determine price direction. They forecast a sideways upward trend, with global gold prices projected to range between $4,420 and $4,530, and Thai gold prices between 69,300 and 70,000 baht. Meanwhile, SPDR sold 3.14 tons of gol…
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