Gold Prices Reach a Critical Point: All Eyes Are on Tomorrow - Sözcü Newspaper
10 Articles
10 Articles
Gold prices are trading sideways after falling to their lowest level in more than a month yesterday. Markets are focused on the Federal Reserve's interest rate decision tomorrow and Chairman Kevin Warsh's message.
Gold prices settled on the world market today, Tuesday, after touching its lowest level more than a month ago at the previous meeting, with investors anticipating the interest decision by the Federal Reserve (Central Bank of the United States).
Today, Wednesday, the price of gold rose from its lowest level in more than a month, amid market anticipation of the US Federal Reserve's decision on interest rates, with high expectations. Next December's gold futures rose by 0.98% to $4,375.40 per ounce, while the immediate contracts for yellow metal rose by 0.97%... read more.
On Tuesday, gold prices fell by Rs 1,000 to Rs 1,54,400 per 10 grams, its lowest level in more than a month, amid weak global cues and a strong dollar.
Economy - Rising oil prices due to Middle East tensions and US Treasury yields exceeding 5% have slowed gold's rise. After hitting a five-week low, the price of gold is attempting to recover with some buying interest, while all eyes are on the Federal Reserve's critical interest rate decision tomorrow.
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