Gold futures climbed Tuesday to settle at their highest in 14 months, as comments from European Central Bank President Mario Draghi set the stage for lower interest rates, ahead of the U.S. Federal Reserve's monetary policy decision Wednesday. "We certainly don't think the Fed will cut [rates], although it is very likely to prepare the markets for a July trim," said Fawad Razaqzada, technical analyst at Forex.com.
August gold rose $7.80, or 0.6%, to settle at $1,350.70 on Comex-the highest...
Investor caution ahead of the Federal Reserve™s interest rate meeting capped Asian stocks on Tuesday, while crude oil prices retreated as global growth worries overshadowed supply concerns stemming from recent Middle East tensions.
MSCI™s broadest index of Asia-Pacific shares outside Japan inched up 0.05%.
Australian stocks added 0.1% while Japan™s Nikkei dipped 0.05%.
The Fed, facing fresh demands by U.S. President Donald Trump to cut interest rates, begins a two-day meeting later on...
Gold prices rose on Tuesday in Asia as traders await the highly-anticipated Federal Reserve meeting that is set to kick off later in the day.
Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange, were up 0.2%, at $1,345.35 per ounce by 12:43 AM ET (04:43 GMT).
Although the Fed is not expected to change interest rates on its policy decision on Wednesday, analysts are widely expecting U.S. central bank chief Jerome Powell to present a more dovish...
Hong Kong stocks closed up Monday as investors cheered a decision by the city's government to suspend plans for a controversial extradition law.
The Hang Seng Index rose 0.45 percent, or 122.00 points, to 27,240.35.
The benchmark Shanghai Composite Index closed up 0.20 percent, or 5.65 points, at 2,887.62, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 0.20 percent, or 2.94 points, to 1,502.12.
Source : AFP
Gold prices on Tuesday jumped to the highest levels in more than a year as comments made in Portugal by European Central Bank President Mario Draghi ahead of a meeting of the Federal Reserve is seen as setting the stage for lower interest rates.
August gold jumped $10.70, or 0.8%, to $1,353.60 an ounce, which would mark the highest settlement for the most-active contract since April 11, 2018 when it closed at $1,360 an ounce, if prices hold, according to FactSet data.
Meanwhile, July silver...