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Spot Gold eases as investors brace for cenbank meetings

March 18, 2024 8:07 am
Spot Gold edged lower on Monday, as the US Dollar remained firm near a two-week high of 103.514 ahead of a host of major central bank policy meetings this week. The Federal Reserve is largely expected to keep interest rates on hold on Wednesday, while investor attention will firmly be on Fed Chair Jerome Powell’s […] Read more

Spot Silver slips from 14-week high ahead of US CPI test

March 12, 2024 7:49 am
Spot Silver edged lower on Tuesday, while holding not far from last Friday’s 14-week peak of $24.636, as market players awaited the key US CPI report that may provide further clues on the timing of the Federal Reserve’s first rate cut. Annual headline consumer inflation in the United States probably remained steady at 3.1% in […] Read more

Spot Gold hits fresh record high on Fed rate cut prospects

March 8, 2024 8:43 am
Spot Gold traded in proximity to a fresh all-time high of $2,168.78 on Friday and looked set for a 3.92% weekly advance, as the US Dollar and Treasury yields eased on mounting bets that the Federal Reserve will begin reducing interest rates this year. “While a spur of short-term speculative activity primarily driven by Commodity […] Read more

Spot Silver steady as US inflation pressure eases

March 1, 2024 8:11 am
Spot Silver was little changed not far from a three-day high of $22.785, after the latest US data implied price pressures were easing, while expectations of a Fed interest rate cut in June remained largely unaffected. The US core PCE Price Index, the Federal Reserve’s preferred measure of inflation, rose 2.8% YoY in January, in […] Read more

WTI Crude falls for 2nd day as dollar firms on rate outlook

February 26, 2024 9:04 am
Futures on US West Texas Intermediate Crude Oil retreated for a second straight trading day on Monday, as the US Dollar remained firm on prospects that higher-than-expected inflation could delay potential interest rate cuts by the Federal Reserve. Markets are now expecting that the US central bank will not begin reducing interest rates until its […] Read more

Spot Silver gains with focus set on FOMC minutes

February 21, 2024 8:23 am
Spot Silver rose on Wednesday on the back of a softer US Dollar and also underpinned by safe haven buying, as focus sets on the minutes of the Federal Reserve’s January policy meeting due out later in the day. The FOMC minutes could provide more clues regarding the timing of the central bank’s potential interest […] Read more

Spot Gold stuck in narrow range ahead of US CPI, Fed speakers

February 12, 2024 8:48 am
Spot Gold traded mostly flat at the start of an eventful week, as market focus sets on the US consumer inflation data and on speeches by a host of Federal Reserve officials. At least 7 Fed representatives are scheduled to make speeches this week, following last week’s remarks that the US central bank wants more […] Read more

WTI Crude gains for 4th day with Gaza ceasefire talks in focus

February 8, 2024 10:11 am
Futures on US West Texas Intermediate Crude Oil rose for a fourth straight trading day on Thursday, as Israel rejected a ceasefire offer from Hamas, while US gasoline stocks decreased last week. Israel’s Prime Minister Benjamin Netanyahu has rejected Hamas’ most recent offer for a ceasefire and return of hostages held in the Gaza Strip. […] Read more

Spot Silver hovers above 2-week low with focus on Fed speakers

February 7, 2024 8:23 am
Spot Silver fell on Wednesday, erasing gains from the prior trading day while hovering above a two-week low ahead of speeches by Federal Reserve officials throughout the week that could provide further clues on the timing of potential interest rate cuts. Yesterday Fed representatives said that if the economy performed in line with expectations, this […] Read more

Spot Gold surges on Middle East tensions, FOMC meeting eyed

January 29, 2024 8:26 am
Spot Gold surged on Monday, underpinned as a safe haven by mounting worries over situation in the Middle East. Geopolitical risks heightened after 3 US service members were reportedly killed in an unmanned aerial drone strike on US forces located in northeastern Jordan. Risk aversion was also bolstered after a court order to liquidate property […] Read more