Why are gold prices falling today, and will it continue to drop or rise again?
15 Articles
15 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.
The price of the dollar opened on Wednesday 23 September in S/3,375, above the previous closing of S/3,365.
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 $100 as the progress of talks between Iran and the US remains uncertain. Read More: US data shakes the market: Oil rises, interest r…
In Comex, metal for December closed down by 1.33%, to US$ 4318.4 per ounce-throy
Coverage Details
Bias Distribution
- 67% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
