Gold (XAU/USD) trims gains after opening the week with a bullish gap as buyers lack conviction amid conflicting US-Iran headlines and caution ahead of key US employment data. At the time of writing, XAU/USD trades around $4,036, easing from an intraday high of $4,084.
US Economy
Federal Reserve Expected to Hold Interest Rates as Hike Pressure Builds
The US Federal Reserve is widely expected to leave its key interest rates unchanged in its upcoming policy meeting. While inflation has eased compared to previous years, some experts believe the central bank may need to consider another rate hike if price pressures increase again.
Gold Prices Rise as US Inflation Data Weakens Dollar and Treasury Yields
Gold prices recovered and moved higher on Thursday after the latest US inflation data came largely in line with market expectations. The report reduced immediate concerns about aggressive interest rate hikes by the US Federal Reserve, causing both the US dollar and Treasury yields to decline.
Jerome Powell बने Fed के कार्यवाहक चेयरमैन, Kevin Warsh जल्द संभालेंगे कमान
Jerome Powell बने Fed के कार्यवाहक चेयरमैन, Kevin Warsh जल्द लेंगे शपथ: अमेरिका के केंद्रीय बैंक Federal Reserve में बड़ा बदलाव देखने को मिला है। शुक्रवार को Jerome Powell का आधिकारिक कार्यकाल खत्म हो गया, लेकिन नए चेयरमैन के शपथ लेने तक उन्हें कार्यवाहक चेयरमैन बनाया गया है।
Tense Fed Signals Interest Rate Hold, Leads Global Central Banks
(Bloomberg) — The Federal Reserve and three of the central banks that just backed its embattled chair are poised to keep interest rates unchanged at an edgy moment for global policymakers.