Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Precious Metal»Gold eases, investors seek more cues on Fed’s rate path
    Precious Metal

    Gold eases, investors seek more cues on Fed’s rate path

    July 15, 20242 Mins Read


    By Ashitha Shivaprasad

    (Reuters) – Gold prices dipped on Monday as the dollar held firm, while investors awaited comments from Federal Reserve officials and economic data for further cues on U.S. interest rate trajectory.

    Spot gold eased 0.1% at $2,409.54 per ounce, as of 0250 GMT. U.S. gold futures fell 0.2% at $2,414.70.

    The dollar rose on safety bids after an attempted assassination of former U.S. President Donald Trump, which raised his odds of winning. [USD/] [MKTS/GLOB]

    A stronger dollar makes gold more expensive for buyers holding other currencies.

    “I’m not convinced a Trump victory or loss directly links to a binary outcome for gold’s direction in the same way Fed policy expectations have been. But if Trump stirs up trade wars, then you’d think it builds a good case for gold to perform well under his presidency,” City Index senior analyst Matt Simpson said.

    Fed Chair Jerome Powell is due to speak later in the day and a few other officials later in the week. Data sets due this week include U.S. retail sales, industrial output for June and weekly jobless claims.

    “If we get another big miss on retail sales, it will reinforce there is a sense of urgency to cut rates, which could help gold. If gold breaks the $2,450 barrier, then prices will see new record highs,” said Ilya Spivak, head of global macro, Tastylive.

    Markets are pricing in a 93% chance the Fed will cut rates in September, according to the CME Fedwatch Tool. Non-yielding bullion’s appeal tends to shine in a low interest rate environment.

    Key metals consumer China’s economy slowed in the second quarter, data showed, keeping alive expectations Beijing will need to unleash more stimulus.

    Spot silver rose 0.4% to $30.88 per ounce, platinum slipped 0.3% at $995.80 and palladium dropped 0.7% to $962.50.

    (Reporting by Ashitha Shivaprasad in Bengaluru; Editing by Rashmi Aich)



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Incredible upset as 150-1 pacemaker Qirat wins Sussex Stakes with Field Of Gold only fourth

    Precious Metal

    A Stepwise Guide for All Kinds of Investors

    Precious Metal

    Copper edges up on trade truce hopes; tariff clarity expected on August 1 – Markets

    Precious Metal

    Copper Prices Edge Higher as Dollar Weakens and US Tariff Looms

    Precious Metal

    Why is the Silver Surfer a Woman in Fantastic Four: First Steps?

    Precious Metal

    Fantastic Four’s Julia Garner responds to Silver Surfer ‘gender-swap’ backlash

    Precious Metal
    Leave A Reply Cancel Reply

    Top Picks
    Stock Market

    BEL, Power Grid to DLF: 5 stocks that declared dividend along with Q4 Results

    Fintech

    CEO of Vouched Speaks on Community Bank Opportunities and Fintech Partnerships

    Property

    Le Real Madrid prêt à lâcher trois de ses joyaux !

    Editors Picks

    Vizsla Silver en hausse de 9,6 % suite à l’arrêt temporaire du projet Panuco

    April 4, 2025

    Présentation et test de la carte microSD Lexar Silver Plus sur Nintendo Switch

    February 17, 2025

    State announces $332K in Grow Ohio Grants to support agricultural education opportunities

    August 11, 2024

    Gold Knocks At Rs 1 lakh in Hyderabad

    April 21, 2025
    What's Hot

    ENL Property affirme «qu’aucune vente n’a été réalisée dans le cadre de cette affaire»

    April 13, 2025

    CBDCs and the future of money: A global shift towards sovereign digital currency – The Himalayan Times – Nepal’s No.1 English Daily Newspaper

    May 19, 2025

    Devon Energy to buy EnCap-backed Grayson Mill’s Williston assets for $5bn

    July 12, 2024
    Our Picks

    Investors Still Waiting For A Pull Back In Clearway Energy, Inc. (NYSE:CWEN.A)

    October 28, 2024

    Press Release: GAM Investments Strengthens European Equities Platform with Appointment of Leading Investment Team

    May 27, 2025

    China, Brazil boost agricultural trade

    May 12, 2025
    Weekly Top

    Agricultural organisations ‘surprised and relieved’ by agricultural land preservation regulations

    July 30, 2025

    Fidelity Investments® Releases 2025 Retiree Health Care Cost Estimate, a Timely Reminder for All Generations to Begin Planning

    July 30, 2025

    360 ONE Asset’s new multi asset fund: All you need to know

    July 30, 2025
    Editor's Pick

    Energy Storage Supports Europe’s Decarbonization

    October 19, 2024

    Davis Commodities (NASDAQ:DTCK) Stock Price Up 5.8%

    August 22, 2024

    Wall Street’s Most Accurate Analysts Spotlight On 3 Tech And Telecom Stocks With Over 3% Dividend Yields – Comcast (NASDAQ:CMCSA), Omnicom Group (NYSE:OMC)

    June 25, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.