Gold Extends Gains Above $4,400 as Weak USD Meets Fed Hike Risks
17 Articles
17 Articles
Shafaq News - Follow-up: Gold prices rose during trading on Thursday, supported by a decline in the US dollar and Treasury yields, while investors awaited the US non-farm payrolls data due on Friday, which could influence expectations for the Federal Reserve's monetary policy. Spot gold rose 0.5% to $4,409.97 per ounce by 02:19 GMT (05:19 AM Baghdad time), after hitting its lowest level in nearly a month in the previous session. US gold futures …
The price of gold rose today Thursday as the dollar and the proceeds of United States Treasury bonds retreated, while investors expect that US non-agricultural job statements will be released tomorrow, which could affect the Federal Reserve's monetary policy prospects.
Gold extends gains above $4,400 as weak USD meets Fed hike risks
Gold (XAU/USD) is seen building on the previous day’s goodish recovery from the $4,282 area, or a nearly four-week low, and gaining some follow-through positive traction for the second straight day on Thursday. The momentum lifts the commodity further beyond the $4,400 mark during the Asian session as retreating US bond yields undermine the US […]
Gold Price Rises Above $4,400 as Dollar Falls and Treasury Yields Drop
TLDR Gold climbed above $4,400 an ounce on Thursday, rising 0.9% to $4,429.23 A weaker US dollar and falling Treasury yields drove the rebound Fed’s NY President John Williams said inflation is continuing to ease US companies added just 38,000 jobs in August, cooling rate hike expectations Friday’s...
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