Expectations that the Federal Reserve might push interest rates even higher have weighed on the yellow metal while boosting Treasury yields and the U.S. dollar
Gold prices traded marginally lower on Monday after falling for a second-straight week as expectations that the Federal Reserve might push interest rates even higher have weighed on the yellow metal while boosting Treasury yields and the U.S. dollar.
But... Gold prices traded marginally lower on Monday after falling for a second-straight week as expectations that the Federal Reserve might push interest rates even higher have weighed on the yellow metal while boosting Treasury yields and the U.S. dollar. But the rally, which also benefited prices of other precious metals like silver, came to a halt earlier this month as robust January economic data, including the Department of Labor’s monthly report on the U.S. labor market and the ISM survey on services-sector activity, spurred a recalibration of interest-rate expectations.
Fed policymakers, including Fed Chairman Jerome Powell, have contributed to these expectations by insisting that rates still have further to rise, and that the central bank still has a ways to go in its battle against inflation.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Consumer Sentiment Remains Depressed and Inflation Expectations Are RisingConsumers are likely to 'exercise greater caution' with their spending in the months ahead thanks to high prices and worries that unemployment is poised to rise. | Economy
Consulte Mais informação »
UT's DeYona Gaston is living up to past basketball expectationsShe’s developing into the star that got all that hype as a high school freshman, with an assist from the family who’s always had her back.
Consulte Mais informação »
Gold Price Forecast: XAU/USD bears flex muscles ahead of United States inflationGold price (XAU/USD) kick-start the key week with mild gains around $1,865 as traders braces for the key United States inflation data. Even if the yel
Consulte Mais informação »
Gold Price Forecast: XAU/USD shows volatility contraction above $1,860 ahead of US InflationGold price (XAU/USD) is demonstrating a decline in volatility ahead of the United States inflation data for fresh impetus. The precious metal is displ
Consulte Mais informação »
US inflation expectations stay firmer as markets brace for US CPIMarket sentiment remains sour during early Monday as the US-China jitters over the “unidentified objects” join the mixed Fed talks and cautious mood a
Consulte Mais informação »
Gold Price Forecast: XAU/USD retreats towards $1,850 amid US inflation woes, mystery object inspired fearsGold price (XAU/USD) remains depressed around $1,860 as sour sentiment underpins the US Dollar rebound during early Monday. Also exerting downside pre
Consulte Mais informação »