Gold eases but set for fifth straight weekly rise on Fed slowdown bets

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Gold eases but set for fifth straight weekly rise on Fed slowdown bets

Gold eased on Friday as the dollar firmed, but was on track to notch up a fifth consecutive weekly gain as hopes of slower U.S. interest rate hikes boosted bullion’s appeal.

Spot gold fell 0.Lorie Logan said they supported a slower pace of tightening.Spot gold rose 0.Information on these pages contains forward-looking statements that involve risks and uncertainties.

4% to $1,924.18 per ounce as of 0517 GMT.31-Feb.But prices were still bound for a 0.U.2% weekly gain, after scaling their highest since April 2022 on Thursday.Last year, the U.U.Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress.

S.central bank slowed its pace of hikes to 50 bps in December after four straight 75-bp increases.3% to $1,912.gold futures rose 0.1% to $1,925.Lower interest rates tend to boost bullion’s appeal as they decrease the opportunity cost of holding the non-yielding asset.30.S.The dollar index gained 0.Data on Wednesday showed.The author has not received compensation for writing this article, other than from FXStreet.

1%, making bullion more expensive for most investors.A Reuters poll predicted the U..S.Federal Reserve will end its tightening cycle after a 25-basis-point hike at each of its next two policy meetings and then likely hold rates steady for at least the rest of the year.”Gold is a touch softer but is still trading near recent highs.” Data on Wednesday showed U.The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Fed policy calibration thematic amid signs of more entrenched disinflation pressures is a key factor underpinning gold strength,” OCBC FX strategist Christopher Wong said.Data on Wednesday showed that U.S.producer prices fell more than expected in December, offering evidence that inflation was receding and in turn, giving ammunition to bets that the Fed may slow rate hikes.”It is possible for gold to hit $2,000 this year, but for that we need to see a down shift in hawkish tone from the Fed to confirm current market rate hike expectations,” said IG Market strategist Yeap Jun Rong.

With lower rates translating into lesser returns on interest-bearing assets like government bonds, investors may prefer zero-yield gold.”There are.

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Gold edges higher as investors weigh Fed slowdown chancesGold prices inched higher on Thursday as investors weighed the chances of the U.S. Federal Reserve slowing its pace of interest rate hikes. Damn man people will pay for any perversion Can’t gold just finish already

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Fed’s Williams says Fed needs more rate rises to cool inflationFederal Reserve Bank of New York President John Williams said on Thursday the U.S. central bank has more rate hikes ahead and sees signs inflationary pressures might be starting to cool off from torrid levels. 这个人的存在,类似于中国的 专家 Williams is planning g to kill off all small businesses across the nation with his thinking. Can we find a stable person to manage our way our if the stupid unitary voting ti do this in a lame duck session of congress when they new it was wrong to do. What inflation? The non-housing inflation rate has essentially flattened, and the rises seem on both the housing and non-housing rates are exclusively based on over price gouging due to monopolization. Raising rates is solely about manufacting a recession to drive down wages

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