Reading Time: < 1 minute Precious Metals held near the highest in a week after accelerating inflation in the U.S. solidified expectations that the Federal Reserve will start raising interest rates as soon as March. The consumer price index climbed 7% in 2021, the largest 12-month gain since June 1982
Reading Time: < 1 minute Precious metals held near the highest in almost a week as Federal Reserve Chair Jerome Powell sought to reassure investors that the central bank could contain decades-high inflation without hurting the U.S. economy
Reading Time: < 1 minute Precious metals prices advance as investors assessed comments by the Federal Reserve Chair that the central bank will prevent inflation from getting entrenched amid rising expectations for an interest rate hike in March. Jerome Powell also cautioned that the post-pandemic economy might look different than the previous expansion
Reading Time: < 1 minute Many of the drivers that tend to be positive for the US dollar — tighter central bank policy, less US fiscal stimulus, and rising real interest rates — also tend to be negative for gold
Reading Time: < 1 minute Gold headed for the biggest weekly decline since late-November after the Federal Reserve indicated it could potentially move to tighten monetary policy faster if inflation remains elevated.
Reading Time: < 1 minute Precious Metals erased gains after Federal Reserve officials said a strengthening economy and rising inflation could spur faster interest-rate increases
Reading Time: < 1 minute Gold held an advance as investors weighed the path for monetary policy tightening in 2022 along with the recent rise in U.S. bond yields.
Reading Time: < 1 minute Gold extended losses, heading for the biggest decline in six weeks as Treasury yields pushed higher. Risk sentiment on the first trading day of the year lifted Treasury yields and U.S. equities, while the greenback strengthened.
Reading Time: < 1 minute Gold started the 2021 under pressure, dropping 10% in the first quarter. Vaccine successes spurred hopes for a quick recovery from the pandemic, while President Joe Biden’s Democrats secured the U.S. Senate opened the door to pro-growth infrastructure programs and more fiscal aid.