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Gold Posts Another Record Sessions as Fed Chair's Testimony Offers Little Detail on Rate Cut Timing

Thursday, 7 March 2024 08:58 WIB | Root

Gold closed at record high for a fourth-straight session on Wednesday as congressional testimony from Federal Reserve chair Jerome Powell, did not shed light on when the central bank will begin lowering interest rates. Gold for April delivery was last seen closed up US$16.30 to US$2,158.20 per...

Gold Climbs to Record as Momentum Builds on Bets Over Fed Pivot

Wednesday, 6 March 2024 08:13 WIB | Root

Gold touched an all-time high as fund buying combined with speculation over a Federal Reserve pivot and geopolitical and financial risks underpinned a rally in the precious metal. Bullion rose as much as 1.3% to $2,141.79 an ounce before paring gains, with Tuesday’s high topping the previous...

Gold Futures End at Lowest in 3 Weeks

Wednesday, 13 September 2023 07:39 WIB | Root

Gold futures declined Tuesday to settle at their lowest in three weeks as investors await Wednesdayâ€™s release of the U.S. consumer price index data. The reading holds significant importance ahead of the Federal Reserveâ€™s policy meeting in September and may provide additional insights into the...

Gold Heads for Fourth Weekly Loss as US Tightening Looks Likely

Friday, 7 July 2023 14:33 WIB | Root

Gold was on track for its fourth consecutive weekly loss, driven lower by increasing market expectations that the Federal Reserve will further tighten monetary policy. Since climbing to near a record high in early May, bullion has slid about 7% as a raft of US data indicates the...

Gold Prices End Higher, Extend Gains After the Fed Rate Decision

Thursday, 23 March 2023 10:44 WIB | Root

Gold futures settled higher on Wednesday, then extended those gains into the electronic trading after the Federal Reserve announced a hike in its benchmark fed funds rate of a quarter of one percentage point to a 4.75% to 5% range. April gold was at $1,966.40 an ounce in electronic trading...