Gold price (Yellow Metal) turns lower for the second straight day following an intraday uptick to the $2,645 area on Monday and moves further away from a nearly three-week high touched on Friday.
InterestRate
Federal Reserve set to cut interest rates
The US Federal Reserve (Fed) will announce monetary policy decisions following the December policy meeting on Wednesday. Alongside the policy statement, the US central bank will publish the revised Summary of Economic Projections (SEP), also known as the dot plot.
Gold price awaits US NFP report on Friday for some meaningful impetus
Gold price News: Expectations for a less dovish Federal Reserve (Fed) trigger a modest bounce in the US Treasury bond yields and cap the upside for the non-yielding Gold price. In fact, comments from several FOMC members on Wednesday, including Fed Chair Jerome Powell, suggested that the US central bank will adopt a cautious stance on cutting rates. This warrants some caution before placing aggressive directional bets around the Gold as traders await the US Nonfarm Payrolls (NFP) report on Friday.
फेड ने ब्याज दर 50 आधार अंक घटाकर 4.75%-5% कर दी
अमेरिकी फेडरल रिजर्व (Fed) ने बुधवार को घोषणा की कि उसने सितंबर की नीति बैठक के बाद नीति दर, संघीय निधि दर को 50 आधार अंकों से घटाकर 4.75%-5% की सीमा तक कर दिया है। हालांकि बाजार का पूर्वानुमान 25 बीपीएस दर कटौती का था, लेकिन 50 बीपीएस कटौती की उम्मीदें बढ़ रही थीं।
Breaking: Fed’s Powell says restoring price stability to require a restrictive policy stance for ‘some time’
US Federal Reserve (Fed) President Jerome Powell is delivering opening remarks and speaking about the policy outlook at the central bank’s annual Jackson Hole Economic Symposium, in Wyoming.