- Write by:
-
Wednesday, December 27, 2023 - 20:56:53
-
104 Visit
-
Print
Gold ticked higher as the final week of the year got under way, with traders looking ahead to interest rate cuts from the Federal Reserve in 2024 and a weaker US currency.
Bullion is trading near a record high, heading for its first annual increase in three years, as data showing US price pressures easing reinforces expectations for multiple rate cuts in 2024.
A report last week showed the Fed’s preferred gauge of underlying inflation barely rose last month and — by one measure — even trailed policymakers’ 2% target.
Swaps markets are now pricing in a more than 80% chance of a cut by March, which would be bullish for non-interest bearing assets like gold, though some central bank officials have pushed back on the prospect of early easing.
Gold rose 0.2% to $2,057.28 an ounce as of 10:38 a.m. in New York.
Short Link:
https://www.miningnews.ir/En/News/627798
Harmony Gold said on Thursday an employee working on planned rail maintenance had died at its Mponeng mine in South ...
Albemarle, the world’s largest producer of lithium for electric vehicle batteries, could look at reducing capital ...
Emerging North American gold producer Contango ORE is boosting its landhold in Alaska with the acquisition of Canada’s ...
Gold fell, with market watchers saying the previous day’s rally in response to Federal Reserve Chair Jerome Powell’s ...
Canadian miner Barrick Gold on Wednesday beat first-quarter profit estimates on higher bullion prices and said it has ...
Barrick Gold faced criticism outside its annual general meeting on Tuesday in Toronto for supporting Malian rulers with ...
BHP Group can’t cherry pick Anglo American assets without paying a hefty premium, Anglo investors told Reuters, ...
Gold wavered as traders looked ahead to a week with a Federal Reserve rate decision meeting and key US jobs data.
Marex Group Plc and a group of the London-based firm’s shareholders raised about $292 million in a US initial public ...
No comments have been posted yet ...