Gold prices soften, see little relief from increased rate cut bets
Investing.com-- Gold prices weakened in Asian trade on Monday, taking limited support from increased expectations of U.S. interest rate cuts as traders awaited more cues from the Federal Reserve and U.S. economy this week.
The yellow metal remained squarely within a trading range established through most of June, also making little headway as the dollar sank.Sentiment towards metal markets, especially gold, remained strained even as traders increased their expectations for a September rate cut, followingWhile the prospect of lower rates bodes well for metal markets, prices made little headway as traders awaited a slew of cues from the Fed and the economy this week.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Price Forecast: XAU/USD holds below $2,300 as China stops buying gold, US Dollar reboundsGold price (XAU/USD) trims losses near $2,295 despite the stronger US Dollar (USD) on Monday during the early Asian session.
Read more »
3 advantages gold bars and coins have over other gold investment typesThere are several different types of gold you can buy. Find out why you should choose gold bars and coins now.
Read more »
Gold vs. Bonds and Stocks: Why Some Investors Choose GoldDespite its reputation as the king of precious metals, during good economic times, gold is not often thought of as an investment.
Read more »
Olympic gold medals aren't exactly goldHere's what to know about the Olympic medals before the 2024 Paris Olympics.
Read more »
Gold, Silver Q3 Technical Forecast: Gold's Range intact, Longer-Term Silver Uptrend Under ThreatGold's trading range and silver's long-term uptrend offer differing outlooks for Q3 but the potential for both to consolidate and trade in a sideways manner remains constructive
Read more »
Gold is getting harder to find as miners struggle to excavate more, World Gold Council saysThe gold mining industry is struggling to sustain production growth as deposits of the yellow metal become harder to find, said the World Gold Council.
Read more »