Reading Time: 2 minutes Gold prices trade rangebound as the U.S. Federal Reserve’s aggressive monetary policy tightening plan dimmed the metal’s appeal, with additional pressure from a rebound in equities
Reading Time: 2 minutes Fed minutes released Wednesday indicated that officials are prepared to move ahead with multiple 50 basis points interest rate increases. The minutes indicate that members are hopeful they can bring down inflation, but also concerned about financial stability risks.
Reading Time: 2 minutes Financial markets were in risk-off mode on Tuesday as lingering growth and inflation concerns came back under the spotlight. Gold prices continue its recovery as Dollar Index surrenders the almost 3% gains after hitting a 19-year high of 105.00 on May 13 and now trading below 102.
Reading Time: 2 minutes Gold’s recovery materialized as the US dollar index came off the highs. The US dollar index hit a 2002 high earlier this month amid safe-haven buying and expectations that the US Fed may lead other central banks in tightening monetary policy to get inflation under control.
Reading Time: 2 minutes Gold price remains sidelined after reversing from 200-DMA. Risk-on mood fades amid a lackluster session as Fed speak joins with not-so-impressive data.
Reading Time: 2 minutes Bullion rose slightly as a retreat in U.S. Treasury yields offset headwinds from a relatively firm dollar, which, along with looming interest rate hikes, earlier pushed bullion to a more than three-and-a-half-month low.
Reading Time: 2 minutes Bullion has dropped 10% from a March peak as faster cost pressures fueled expectations that the Federal Reserve will aggressively tighten policy. A rally in the dollar to the highest in two years is also weighing on the precious metal.
Reading Time: 2 minutes Bullion has been under pressure as the Federal Reserve tightened monetary policy to fight accelerating consumer-price gains. That helped push bond yields higher and has propelled a gauge of the US currency up around 6% since the end of March, weighing on gold.
Reading Time: 2 minutes As the markets continue to digest whether a 50/50/50x hiking profile (vs. 50/75/50x over the next few meets) is actually enough to tame inflation, induce a recession etc, Gold is reacting negatively for expectation of faster rate hikes.