Gold is looking to wrap September down consolidates the monthly losses, the heaviest since June. Today session may be made for yellow metal struggling to remain in neutral territory. The yellow metal bounces off low as traders remain cautious over the key challenges to sentiment and also rising U.S. Treasury yields continued to apply pressure. [...]
Yellow metal reached small gains due to weaker dollar meanwhile investors are waiting for U.S. Jobs data to gauge the Federal Reserve’s plans to start tapering asset purchases. The US economy is seen adding 750K jobs in August vs. a 943K addition seen previously. An astounding bull run in local equity markets amid the Covid-19 [...]
The price of gold was strong today as investors waited for Chief Minister Jerome Powell's speech at the Jackson Hole Symposium later, After some US Federal Reserve officials called for a bond purchase. It has recorded some slight gains from previous session. Yesterday the Federal Reserve's hawk policy analysts considered the central bank's bond purchases [...]
Gold extends its exciting moment from its continuing moment in today’s Asian session. Expecting the Federal Reserve to anticipate property purchases may be low, another reason for the solid dollar and yield to offset Thursday. Importantly, gold bulls have stabilized the market following recent selling pressure that hit a low of less than four months [...]
