Gold price tumbles as Fed rate-cut hopes recede
Gold price plunges for the second straight session as investors see Fed rate cut after spring. Robust demand for workers has tampered Fed rate-cut bets. The outlook for the US dollar and bond yields has improved significantly. Gold price (X...
Gold price oscillates ahead of US Q4 GDP data
Gold price range-trades ahead of the first estimate for US Q4 GDP data. The US Dollar Index consolidates as investors look for fresh guidance on interest rates. US economic resilience continues to strengthen the appeal for restrictive inter...
Gold price extends downside as Fed rate cut bets ease
Gold price falls sharply as Fed Waller maintains a higher for longer interest-rates narrative. The last leg of high US inflation has turned out to be significantly stubborn. Guidance from three Fed policymakers and US Retail Sales data are...
Can gold price climb to $2,400 levels in 2024 — explained w
Analysts are bullish on the bullion and anticipate the possibility of gold rates hitting $2,400 an ounce in the year 2024 on the back of a multifaceted interplay of economic, geopolitical, and market factors. Gold prices in the internationa...