Gold slumps to 2-month low as dollar marches on; Fed signals in focus
Gold fell for a fifth straight session on Thursday to hit its lowest level in eight weeks, pressured by a stronger U.S. dollar and rising Treasury yields amid uncertainty over the pace of the Federal Reserve's interest rate cuts.
The price of gold traded at $2,611.72 per troy ounce, as of 9 a.m. ET. That’s down 0.91% from yesterday’s gold price per ...
Gold (XAU/USD) is trading down around 7.0% from its peak, so far in November as markets absorb the impact of the seismic shift in US politics that has occurred since the election of former President ...
Gold touches lowest price since Sept. 20 US dollar hits more than four-month peak Gold poised to rise with support at ...
The price of gold traded at $2,635.65 per troy ounce, as of 9 a.m. ET. That’s down 2.29% from yesterday’s gold price per ...
The pattern grows stronger when the U.S. dollar loses purchasing power. Gold trades in dollars worldwide, so a weaker ...
The DXY, which tracks the performance of the US Dollar against a basket of peers, hit a YTD high of 106.52, surpassing the ...
On the other hand, the US dollar (DXY) strengthened after the Federal Reserve’s rate cut. This signals that the central bank ...
"Products that pay a yield on gold or silver should become increasingly attractive as interest rates fall," Nadelstein says. ...
Gold prices plummet as Trump’s election victory boosts the US dollar and Treasury yields. Market sentiment shifts towards ...
The US dollar rose to its highest level since April 16, fueled by Donald Trump's victory in last week's U.S. presidential ...
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