• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Features

Gold prices gain in run-up to Fed policy decision 

2 years ago
in Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
64
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

Inflation to Remain Within 8+/-2 Target Band by End-Q4, Says BoG Governor

BoG to Begin $1.1bn FX Intermediation Under Domestic Gold Purchase Programme this October

Ghana Aims for Victory Against Central African Republic in Crucial World Cup Qualifier

Gold prices gain in run-up to Fed policy decision 

Gold prices gained on Wednesday in the run-up to the Federal Reserve’s latest policy decision, with markets expecting the US central bank to keep interest rates unchanged following signs of slowing inflation.

Spot gold rose 0.7% to $1,958.67 per ounce by 11:30 a.m. EDT, recovering its losses from the previous session. US gold futures were up 0.6% at $1,971.30 per ounce in New York.

Meanwhile, the US dollar hovered around multi-week lows, making greenback-priced bullion more appealing to overseas buyers, after softer US consumer inflation data cemented bets for a pause in the Fed’s tightening cycle.

Treasury yields also dipped after the data showed US producer prices logged their smallest annual increase in nearly two and a half years.

Inflation, as measured by the Fed’s preferred gauge, is still more than double the central bank’s 2% target. Traders see more than a 95% chance of a pause in the rate hikes on Wednesday but a nearly 60% probability of an increase at the meeting in July, according to CME Group’s FedWatch tool.

“If we do get a pause and then the market gets a relief rally after that … I’m probably going to remove some positions because (Fed Chair) Jerome Powell will come out with some hawkish rhetoric,” Phillip Streible, chief market strategist at Blue Line Futures in Chicago, told Reuters.

Fed policymakers may well signal more rate increases once they take time to assess the economy, the financial system, and whether inflation continues to fall.

“The outlook is that we are close to the peak (for Fed rate hikes) and that will reduce the attractiveness of the dollar a little,” added Peter Fertig of Quantitative Commodity Research.

Traders also are awaiting the release of weekly US jobless claims numbers on Thursday and speeches by two Fed officials on Friday.

Tags: Fed policy decisiongold pricesGold prices gain in run-up to Fed policy decision
No Result
View All Result

Highlights

Banks Write off GHS 893m in Bad Loans for First Half of 2025 

Former Bank of Ghana Deputy Governor Wins Inaugural Women in Leadership Fellowship at Oxford

Banking Industry: Non-Performing Loans Edge Higher to GHS 20.7bn

‘The Gulf of Guinea is our Wall Street, IMF, and World Bank Combined’, Says Air Vice Marshal Hanson 

GJA President Underscores Vital Role of Journalists in Safeguarding Ghana’s Maritime Domain

Barrick Exits Ivory Coast With $305 Million Tongon Mine Sale

Trending

Banking & Finance

Inflation to Remain Within 8+/-2 Target Band by End-Q4, Says BoG Governor

October 7, 2025

Inflation to Remain Within 8+/-2 Target Band by End-Q4, Says BoG Governor Governor of the Bank of...

BoG to Begin $1.1bn FX Intermediation Under Domestic Gold Purchase Programme this October

October 7, 2025

Ghana Aims for Victory Against Central African Republic in Crucial World Cup Qualifier

October 7, 2025

Banks Write off GHS 893m in Bad Loans for First Half of 2025 

October 7, 2025

Former Bank of Ghana Deputy Governor Wins Inaugural Women in Leadership Fellowship at Oxford

October 7, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.