Gold extends gains on easing rate-hike fears, markets await Fed minutes

Gold extends gains on easing rate-hike fears, markets await Fed minutes

Gold prices advanced for a third straight session on Tuesday, with investors keenly anticipating the forthcoming Federal Reserve meeting minutes that could shape monetary policy. The softness in U.S. economic indicators has sparked optimism that the Fed may maintain rates. In light of escalating geopolitical uncertainties, gold is once again being viewed as a safe-haven investment, alongside gains in silver and platinum.

Gold gains as dollar moves lower on reduced bets for Fed rate hike (GLD:NYSEARCA)

Gold futures extended a two-week advance after weaker US retail sales and consumer sentiment reported last week weighed on the dollar and reduced expectations of an interest rate hike.

Gold climbs on weaker dollar, easing Fed rate hike concerns

Gold Pulls Back Amid Middle East Tensions and Fed Rate Uncertainty - ActionForex

Gold retreats after being rejected near $4,435 again. Middle East tensions and Trump’s threats cap gains. But softer US data keeps September hike odds low. Wednesday’s Fed minutes could help gold break above $4,435. Gold extended its gains on Monday, but it is pulling back today after failing once again to emerge above the temporary […] The post Gold Pulls Back Amid Middle East Tensions and Fed Rate Uncertainty appeared first on ActionForex.