HomeEconomyGold trades in range ahead of U.S. economic data Economy Gold trades in range ahead of U.S. economic data By farahat January 25, 2023 0 125 views Share FacebookTwitterPinterestWhatsApp XAU / USD -0.% add to Watchlist/Remove from Watchlist Add to watch list Add location Location successfully added to: Please name your holdings Types of: purchase Sell date: quantity: price point value: Leverage: 1:1 1: 1: 1: 1 : 31 1: 25 1: 30 940 DX -0.% 8830 Add to/Remove from Watchlist Add to Watchlist Add location Location successfully added to: Please name your portfolio Types of: purchase Sell date: quantity: price point value: Leverage: 1 :1 1: 1: 1: 09 1: 381: 23 1:40 1: 50 1: 100 Committee: CREATE NEW WATCHLIST CREATE 8830940 8827 Create a new holding portfolio Add Create 88272022 + add another position to close 2022 gold -0 .% 400 Add to To Watchlist/Remove from Watchlist Add to watch list Add location criteria Location successfully added to: Please name your portfolio Types of: purchaseSell date: quantity: price point value: Leverage: 1:1 1: 1: 1: 00 1: 25 1: 31 1: 50 1: 38 1: 0249 Committee: Created New Watchlist Creation 8830 create a new holding combination add create8830937 + Add another position to close Warehouse Shivaprasad (Reuters) – Gold prices traded in a tight range on Wednesday as investors refrained from placing big bets on the Federal Reserve ahead of this week’s U.S. growth data. Expectations of a slowdown in rate hikes kept the outlook for gold positive. 400 Spot gold stabilized at $1, 52. per ounce, up to Greenway GMT, after hitting its highest point since late April 400 Tuesday. us1000 Gold Futures up 0.2% to $1, 200.. Market focus is now on Thursday’s U.S. fourth-quarter GDP data, which will Likely to set the tone for Fed policy in January -February. 1 policy meeting. Ilya Spivak, global head of macro at Tastylive, said the market is not taking a clear direction ahead of the US GDP data and Fed meeting. Most investors expect the Fed to raise interest rates before Base Points (bps) at next week’s policy meeting. The Fed slowed down the pace of tightening to 10 Last month’s bps after four times in a row 25 – bp hike. Investors may prefer zero-yielding gold as lower interest rates translate into lower returns on interest-bearing assets such as government bonds. If there is any indication that the US economy is slowing, Spivak said, the Fed will soon slow down the pace of tightening and cut interest rates, by then Gold could go up. ” However, the price broke through $2, zero levels, the dollar must continue to weaken,” he added. This745 The dollar index fell 0.1%. A weaker dollar tends to make dollar-denominated gold more attractive to buyers holding other currencies. [Dollar/] Tuesday’s data showed that Switzerland’s Gold exports from countries like Turkey, Singapore and Thailand soar to multi-year highs . Among other precious metals, spot silver fell 0.2% to $.04 per ounce and platinum down 0.2% to $1, 04.. Palladium rose 0.1% to $1, 62.. 0249 Share FacebookTwitterPinterestWhatsApp Previous articleThe next big thing: 'Downsizing' star Lukita Maxwell talks improv, pursuing comedy with Harrison FordNext articleA-Rod, Beltran, Pettitte lose in HOF ballot farahat RELATED ARTICLES Economy Marketmind: China rating alarm still ringing December 5, 2023 Economy US House speaker wants more info on Ukraine, border measures before approving aid December 5, 2023 Economy Moody’s cuts China credit outlook, citing lower growth, property risks December 5, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. USA Trends Messi-mad Indian mom driving to Qatar to see hero in his final World Cup December 7, 2022 Drew Brees fakes lightning strike in promotional stunt for online sportsbook December 3, 2022 Who could be speaker, if not Kevin McCarthy December 3, 2022 3 bold Utah football predictions for Pac-12 Championship vs. USC December 3, 2022 Load more LAST NEWS Android 14 update with One UI 6 reaches Galaxy S21 FE, A52s, A33, and Tab S9 FE December 6, 2023 Derek Lam 10 Crosby Pre-Fall 2024 December 5, 2023 Lela Rose Pre-Fall 2024 December 5, 2023 Maria McManus Pre-Fall 2024 December 5, 2023 Load more Featured NEWS Celtics dominate Heat in Game 5: Jaylen Brown says 'don't let us get another one' | Undisputed May 26, 2023 Why Your Printer Is Slow and How to Fix It June 14, 2023 Kamaru Usman: 'I'm not depressed at all' August 24, 2022 ADA Price Plunges 5%, Can Buyers Save The Key $0.275 Support? August 16, 2023 Load more
