Gold steadies after sharp sell-off as Fed rate hike expectations persist
Gold stabilises near $4,154 after Monday's sharp decline, with traders weighing further Fed rate hikes and ongoing Middle East tensions that keep oil prices elevated.
Gold Market
Tagged: middle east tensions
Gold and silver slip for second day as traders eye US inflation data
Gold and silver prices declined for a second day on the MCX as traders assessed Middle East tensions, rising crude oil, and a 60% chance of a Fed rate hike. US inflation data is the next focus.
Australian shares flat as energy gains offset gold stock weakness
Australian shares traded in a narrow range on Monday as strength in energy stocks from rising oil prices countered a 1% drop in gold miners, leaving the S&P/ASX 200 flat.
Gold slips as Middle East tensions lift oil and rate-hike bets
Gold dropped 0.5% on Monday as rising oil prices from Middle East tensions stoked inflation fears and bets on a September Federal Reserve rate hike, though Treasury buybacks offered some support.
Gold retreats after rejection at $4,435 as Middle East tensions simmer
Gold pulls back after failing to break $4,435 resistance. Middle East tensions and Fed rate uncertainty weigh. Wednesday's Fed minutes could decide the next move.
Gold holds above $4,400 as weak US data and Iran tensions weaken dollar
Gold extended its rally above $4,400 as the US dollar hit two-month lows. Weak US jobs and inflation data reduced Fed rate hike bets, while Iranian threats lifted oil and supported safe-haven demand.