Posts Tagged ‘US2500’
Gold slips below US$2,500 mark, market awaits further Fed guidance
GOLD prices remained steady on Monday (Sep 9) and was trading slightly below the key US$2,500 an ounce level, as the market awaited August inflation data for further insights into the anticipated Federal Reserve interest rate cut this month. Spot gold was nearly unchanged at US$2,497.53 per ounce, as at 0021 GMT. US gold futures…
Read MoreGold holds ground above US$2,500 on weaker dollar; markets await Fed minutes
GOLD prices held above the US$2,500 mark on Tuesday (Aug 20), buoyed by a weaker US dollar and Treasury yields, while traders awaited minutes of the Federal Reserve’s last policy meeting for further cues on interest rate cuts. Spot gold edged 0.1 per cent higher to US$2,505.92 per ounce by 0038 GMT. Prices had hit…
Read MoreGold tops US$2,500 for first time on outlook for lower rates
Gold topped US$2,500 an ounce for the first time, bolstered by hopes that the US Federal Reserve is edging closer to cutting interest rates. Spot bullion climbed as much as 2.2 per cent last Friday (Aug 16), exceeding the previous record set last month, as a disappointing reading on the US housing market reinforced expectations…
Read MoreGold tops US$2,500 for first time on outlook for lower rates
Gold topped US$2,500 an ounce for the first time, bolstered by hopes that the US Federal Reserve is edging closer to cutting interest rates. Spot bullion climbed as much as 2.2 per cent last Friday (Aug 16), exceeding the previous record set last month, as a disappointing reading on the US housing market reinforced expectations…
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