Gold Edges Higher to Extend Weekly Streak, Fed Hike in Focus
Gold rose $26 to $4,416 for the week, extending its winning streak despite a Fed rate hike and firmer dollar. Volume data and technical signals suggest buyers may be returning.
Gold Market
Tagged: rate hike
Gold proves resilient as Fed rate-hike hysteria wanes
Gold initially dropped on the Fed's first rate hike in over three years but quickly surged the next day, suggesting the pattern of selling on rate-hike fears may be fading.
Gold rises Rs 1,300 per 10 gram, silver jumps Rs 4,000 ahead of Fed
Gold and silver prices rose in domestic markets on Wednesday, with MCX gold futures gaining Rs 1,300 per 10 grams and silver climbing Rs 4,000 per kg ahead of the US Fed decision.
Gold price under pressure as Fed rate hike looms and dollar strengthens
Gold trades near $4,300, well below last month's peak, as the Fed prepares a likely rate hike and the US dollar rallies. Market awaits Wednesday's decision.
Gold Slides Nearly $100 After Strong US Jobs Data
Gold dropped nearly $100 on Friday after a surprise surge in US nonfarm payrolls boosted rate-hike expectations. The metal is set for a second consecutive weekly loss, and traders now look to next week's inflation data.
Gold Near Two-Week Low as Hawkish Fed and Oil Surge Bite
Gold remains close to a two-week low near $4,460 as Fed Chair Warsh’s hawkish tone and oil-fuelled inflation fears push September rate hike probability above 65%.
Gold edges lower as Warsh comments fuel rate-hike speculation
Gold declined about 0.4% on Monday after Fed Chair Kevin Warsh signalled further tightening. A rise in oil prices and US Treasury yields added pressure, though the metal remains up over 9% for August.
Gold mixed as Treasury yields ease but rate hike fears linger
Gold fell on the MCX but rose internationally as Treasury yields eased. Rising oil prices and inflation concerns limit rate cut expectations. Experts view the correction as a buying opportunity.