new Delhi: gold prices The US dollar ticked lower on Thursday as traders awaited fresh signals on the Federal Reserve’s rate hike plans.
spot gold It was up 0.1% at $1,806.28 an ounce as of 0105 GMT. we Sleep Futures fell 0.2% to $1,812.50. The dollar index slipped 0.1%. A weak greenback makes bullion less expensive for buyers with other currencies.
Bullion prices declined 1% on Wednesday, under pressure from a stronger dollar and higher Treasury yields.
Investors’ attention is now focused on US weekly initial jobless claims data due at 1330 GMT.
Gold has climbed nearly $200 from a more than two-year low in September on hopes that the US central bank will slow the pace of interest rate hikes, increasing the appeal of non-yielding assets.
Top bullion consumer China on Monday ended its Covid-19 quarantine rule for incoming travelers, as hospitals and funeral homes came under intense pressure from a surge in Covid-19 cases.
Contracts to buy US previously owned homes fell more than expected in November, diving for a sixth straight month in the latest sign of the heavy toll the Fed’s interest rate hikes are taking on the housing market as the central bank Wants to curb inflation.
Spot silver rose 0.2% to $23.58, platinum slipped 0.1% to $1,006.98 and palladium added 0.2% to $1,787.04.
spot gold It was up 0.1% at $1,806.28 an ounce as of 0105 GMT. we Sleep Futures fell 0.2% to $1,812.50. The dollar index slipped 0.1%. A weak greenback makes bullion less expensive for buyers with other currencies.
Bullion prices declined 1% on Wednesday, under pressure from a stronger dollar and higher Treasury yields.
Investors’ attention is now focused on US weekly initial jobless claims data due at 1330 GMT.
Gold has climbed nearly $200 from a more than two-year low in September on hopes that the US central bank will slow the pace of interest rate hikes, increasing the appeal of non-yielding assets.
Top bullion consumer China on Monday ended its Covid-19 quarantine rule for incoming travelers, as hospitals and funeral homes came under intense pressure from a surge in Covid-19 cases.
Contracts to buy US previously owned homes fell more than expected in November, diving for a sixth straight month in the latest sign of the heavy toll the Fed’s interest rate hikes are taking on the housing market as the central bank Wants to curb inflation.
Spot silver rose 0.2% to $23.58, platinum slipped 0.1% to $1,006.98 and palladium added 0.2% to $1,787.04.