Gold prices slipped slightly as investors wait for the latest US CPI data, while hopes of a Federal Reserve rate cut continue to shape market sentiment.
US inflation
Gold prices hit 2-week high, rises to Rs 78,978 per 10 gram ahead of US inflation data
Gold prices surged past Rs 78,978 to a two-week high on Wednesday, driven by rising geopolitical tensions and expectations of a U.S. Federal Reserve rate cut next week, as investors awaited the closely watched U.S. inflation report later in the day.
The Fed’s Jackson Hole conference has begun: Know what to expect
The Federal Reserve Bank of Kansas City’s annual gathering in Jackson Hole, Wyoming kicked off Thursday evening with a dinner filled with central bankers, economists and reporters from the around the world. Here’s what to expect from the three-day conference:
Fed Meeting Results: FOMC ने दरें स्थिर रखीं, पॉवेल ने कहा कि सितंबर में कटौती संभव है
🟢 Fed Meeting Results: यूएस फेडरल रिजर्व ने 31 जुलाई को दो दिवसीय फेडरल ओपन मार्केट कमेटी (FOMC) की बैठक के बाद ब्याज दर के अपने फैसले की घोषणा की, जिससे बेंचमार्क ब्याज दरें लगातार आठवीं बैठक के लिए 5.25 प्रतिशत – 5.50 प्रतिशत पर अपरिवर्तित रहीं, जो वॉल स्ट्रीट के अनुमानों के अनुरूप है।
Fed Expected to Keep Interest Rates Steady and Hint at Rate Cuts in September 2024
Federal Reserve officials this week may move closer to lowering interest rates from two-decade highs by signaling a possible rate cut in September, though they may stop short of giving details beyond that.
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 Price Prediction: Yellow Metal Drops Below $1,970 | Expected More Rate Hikes This Year
Gold Price Prediction [Forecast]: Gold price (Yellow Metal) has failed in defending its immediate support of $1,970.00 in the Asian session. The precious metal has dropped firmly as the Federal Reserve (Fed) policymakers are confident that more interest rate hikes by the central bank are in the pipeline in the fight against stubborn United States inflation.