The yellow metal dropped against the greenback amid rising bets on Fed’s tightening policy. Preliminary estimate of the US CPI may bring more uncertainty to the market. Ukraine uncertainty favors the safe haven gold. Gold dropped against the US dollar during Friday trading session since the US dollar strength backed by prospects of aggressive [...]
Hawkish Fed is boosting the US dollar and weighing on gold. Federal reserve Brainard was hawkish on balance sheet reduction, and expect rate hike at aggressive pace. Geopolitics is at the focus after the EU announced new sanctions on Russia and Putin threatened restrictions on agricultural exports. Gold is trading sideways as the US [...]
Yellow metal drops amid firmer USD and hopes of progress in peace talks between Russia- Ukraine. Risk averse sentiment amid tensions between the West and Russia and indecision over the Moscow-Kyiw talks favors the greenback. Higher yields and interest rates increase the opportunity cost of holding non-yielding bullion. Gold drops against the US dollar [...]
The yellow metal climbs higher amid the lack of progress in the Russia-Ukraine peace talks. A firmer dollar backed by hawkish Fed puts a cap on gold's gains. Analyst say "Investor demand was also boosted by higher energy prices, which will put further pressure on inflation.” The yellow metal trades high against the US [...]
