Gold prices fell 1% on Thursday, as the
dollar rose sharply after the U.S. Federal Reserve increased
interest rates by another 75 basis points and flagged more
hikes.
Aluminium prices fell on Wednesday to their lowest since March 2021 as markets braced for another hefty U.S. interest rate rise that will suppress economic growth. Rising rates also helped boost the dollar to a 20-year high, pressuring dollar-priced metals by making them costlier for buyers with other currencies.
Gold rose on Wednesday after Russian
President Vladimir Putin's partial mobilisation announcement
re-ignited some safe-haven interest in bullion, although a
strong dollar and expected U.S. rate ...
Gold prices on Wednesday hovered close
to their lowest since April 2020, as investors prepared for the
likelihood of another super-sized interest rate hike from the
U.S. Federal Reserve to tackle ...
Prices of copper, often used as an economic parameter, drifted lower on Wednesday as investors anticipated another aggressive interest rate hike from the U.S. Federal Reserve. Three-month copper on the London Metal Exchange dipped 0.4% to $7,730 a tonne by 0141 GMT, while the most-traded October copper contract on the Shanghai Futures Exchange was down 0.1% at 62,400 yuan a tonne.
Gold prices lingered near recent lows on
Wednesday as investors prepared for the likelihood of another
super-sized interest rate hike from the U.S. Federal Reserve in
its effort to tame soaring ...
Gold prices dropped as much as 1% on
Tuesday as the dollar and Treasury yields firmed, and investors
squared positions ahead of a widely expected large interest rate
hike by the U.S. Federal Reserve ...
ANZ
(Recasts, adds comments, details and updates prices)
By Brijesh Patel
Sept 20 (Reuters) - Gold prices fell on Tuesday, weighed
down by a firmer dollar and elevated U.S. bond yields, as ...
Gold prices traded in a tight range on
Tuesday, as cautious investors focused on the Federal Reserve's
policy decision this week where the U.S. central bank is
expected to hike rates ...
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