Why gold fell today? 06 September 2023: Gold prices extended losses on Wednesday to hit a one-week low, as U.S. Treasury yields and the dollar held near the previous session’s highs on expectations that interest rates will stay elevated for some time.
Spot Gold
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Gold may extend bearish below $1927
Gold price is trading on the back foot below $1,950 early Tuesday, although remains within Friday’s trading range. The United States Dollar (USD) has entered a phase of bullish consolidation amid higher US Treasury bond yields and ahead of mid-tier US economic data.
Gold Holds Gains on Fed Pause Bets
Gold Price Today, 04 September 2023: Gold (Yellow Metal) held above $1,940 an ounce on Monday, hovering near its strongest levels in a month as signs of cooling in the US economy raised hopes that the Federal Reserve is done hiking interest rates this year.
Gold prices climb towards 1-month peak on Fed pause bets
Gold prices climbed on Monday towards a one-month peak scaled in the previous session, supported by a slight pullback in the dollar and prospects that the U.S. Federal Reserve would take a pause from interest rate hikes this year.
अमेरिकी मुद्रास्फीति के आंकड़े जारी होते ही सोना एक महीने के उच्चतम स्तर पर पहुंच गया
US inflation News Today, 31 August 2023: गुरुवार को सोने की कीमतें एक महीने के उच्चतम स्तर के करीब पहुंच गईं, क्योंकि नरम अमेरिकी आंकड़ों के एक ताजा सेट ने इस उम्मीद को बढ़ा दिया कि फेडरल रिजर्व इस साल रेक बढ़ोतरी को रोक देगा, हालांकि बाद में दिन में मुद्रास्फीति की रीडिंग इस दृष्टिकोण को बदल सकती है।
Gold Spot Price Today, 22 August 2023: As Expected, Spot Gold Full Target Hit 1892
Gold Spot Price Today, 22 August 2023: As Expected, Spot Gold Full Target Hit 1892.
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