Why Are Gold Prices Falling Today, and Will It Continue to Drop or Rise Again?
12 Articles
12 Articles
Future gold contracts closed this Wednesday (23) in sharp fall, while the market expanded high interest bets by the Federal Reserve (Fed). Recalcification took place after the release of strong activity data by S&P Global, for September, and the highest interest-prone statements by US central bank leaders. At Comex, the metal division of the New York Mercantile Exchange (Nymex), future gold contracts with delivery for September closed down by 1.…
The Economic Times
Times of IndiaWhy are gold prices falling today, and will it continue to drop or rise again?
Gold prices fell more than 1% on Wednesday due to a stronger US dollar and Federal Reserve comments increasing expectations for more rate increases. Spot gold fell to $4,304.89 an ounce, while US gold futures also declined. Investors are also watching oil prices, inflation concerns and monetary policy as key factors for gold.
coin-turk.com
BITRSS📊 The US Composite PMI index rose to 58.4 in September, while input prices also saw a significant increase. 🏦 Fed member Barr said that additional interest rate hikes would likely be needed to bring inflation back to target. 📉 US bond yields and the dollar index rose; $BTC and gold fell. 🛢️ Brent oil rose above $100 as the progress of talks between Iran and the US remains uncertain. Read More: US data shakes the market: Oil rises, interest r…
Economy: Direct - Gold prices declined today Wednesday, influenced by the power of the dollar, as investors continue to focus on inflation concerns and expectations that the U.S. Federal Reserve will continue to raise interest...
Marsad Al Dahab: Gold Falls EGP 70 as Stronger Dollar and Fed Comments Weigh on Prices
Marsad Al Dahab reported a decline in gold prices in the Egyptian market and on the global exchange by midday Wednesday. The US dollar rose to its strongest level in two months after comments from Federal Reserve officials reinforced expectations of further interest rate increases.
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