Gold climbs up but it faces worst month in seven on U.S. rate hike bets. Mixed sentiment surrounding Ukraine war, China's covid update dampens the market mood. US Treasury Sec. Yellen warns that more shocks likely to 'challenge the economy'. Gold prices rose on Friday due to worrying U.S. economic data rekindled some interest [...]
Gold hits over 2-week low on aggressive and hawkish Fed approach. US Policymakers dictate that interest rate hike of 50 bps is going to feature in May. China's covid spread and Ukraine crisis hits the investors’ confidence, keeping the bullish sentiment around the US dollar. Gold prices fell against the US dollar during Monday [...]
Gold Price edges higher as Easter Monday notices flight to safety. Russia - Ukraine crisis and the recession risks favors the safe-haven assets. Market will keep an eye on the FOMC Bullard's speech due later today. The yellow metal traded high against the US dollar during Monday trading session as investors flock towards ultimate [...]
The yellow metal is trading on the front foot on Tuesday despite of hawkish Fed. Risk-off flows in equities due to geopolitics and China lockdown concerns favor the safe-haven gold. US inflation data will the key catalyst ahead. Gold prices edged higher on Tuesday as appetite for risk weakened ahead of U.S. inflation data [...]
