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Gold Nears $4,500: Spot Price Gains 0.40%
The safe-haven asset par excellence continues its upward trend, surpassing $4,400 an ounce in today’s trading. The psychologically significant $4,500 threshold is coming into view, while anticipation of the inflation data is keeping investor interest high.
[Source: Yahoo finanza]
Gold steady after reaching a two-month high
The price of the precious metal has stabilized, posting a slight gain of 0.2% today after reaching its highest level in more than two months yesterday. Investors are awaiting U.S. inflation data, which could influence the Federal Reserve’s next moves regarding monetary policy.
[Source: Market screener]
Expectations of interest rate hikes decline, gold gains 1.9%
The safe-haven asset continues to rise, now trading above $4,350 an ounce. Disappointing U.S. labor market data have reduced expectations of an interest rate hike by the Federal Reserve, while the weakness of the dollar is helping to sustain the precious metal’s momentum.
[Source: Finanza Online]
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