With a higher high for the move overnight April gold has extended a slight bullish edge into another trading session.
Surprisingly April gold managed the higher high despite a measure of strength in the dollar.
However, a very minor and indirect negative impact on gold overnight came from a very hot New Zealand producer price index reading which for some keeps fear of global inflation in place.
In today's early action traders will be confronted with a US Fed speech, a 20-year US treasury bond auction, and perhaps most importantly the release of the FOMC meeting minutes from the Fed's most recent meeting...[MORE]
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Gold prices rose on Wednesday as investors looked to the minutes of the Federal Reserve’s latest policy meeting for cues on timing of interest rate cuts, while safe-haven demand buoyed by escalating conflict in the Middle East also lent support.
Spot gold was up 0.2% at $2,027.96 per ounce as of 1012 GMT. Prices had climbed to their highest since Feb. 9 earlier in the session...[LINK]
Good morning. The precious metals are mixed in early U.S. trading.
U.S. calendar features MBA Mortgage Applications, FOMC Minutes, FedSpeak from Bostic.
Gold prices held steady on Tuesday despite a stronger dollar and elevated Treasury yields, as investors awaited the minutes of the last U.S. Federal Reserve policy meeting for more clues on its interest rate cut timing.
Spot gold was flat at $2,018.03 per ounce, as of 0341 GMT. Most of the U.S. markets were closed on Monday for the President’s Day holiday...[LINK]
Good morning. The precious metals are higher in early U.S. trading.
U.S. calendar features Leading Indicators (-0.3% expected).
Gold prices rose to a nearly one-week high on Monday as a slight pullback in the U.S. dollar and escalating tensions in the Middle East lifted bullion’s safe-haven appeal.
Spot gold was up 0.3% at $2,019.99 per ounce, as of 0530 GMT, hitting its highest since Feb. 13...[LINK]