Deep Kaushik News Today

By Deep Kaushik Vakil (Reuters) - Gold investors anticipate record high prices next year, when the fundamentals of a dovish pivot in U.S. interest rat...

By Deep Kaushik Vakil (Reuters) - Gold investors anticipate record high prices next year, when the fundamentals of a dovish pivot in U.S. interest rat...

By Deep Kaushik Vakil (Reuters) -Gold investors anticipate record high prices next year, when the fundamentals of a dovish pivot in U.S. interest rates, ...

Gold extended losses on Tuesday, hitting a seven-month low as expectations around the Federal Reserve keeping interest rates high boosted the dollar and bond yields, while focus turned to U.S. job openings data due later in the day. Spot gold was down 0.1% at $1,825.50 per ounce by 0944 GMT, dropping to its lowest since March 9. Bullion was down for a seventh consecutive session.

"Fears of recession in the U.S. having constantly been pushed back as we see resilience in the activity data are giving a boost to the U.S. dollar," said Edward Gardner, commodities economist at Capital Economics.

The Fed is likely done raising interest rates, traders bet on Friday after a jump in the U.S. unemployment rate and moderate wage growth suggested that labour market conditions were easing.

Premiums on physical gold in China eased off recent highs this week as safe-haven buying cooled on hopes that stimulus could help the top bullion buyers ailing economy.... -Today at 07:35 am- MarketScreener

"The price appreciation could be the consequence of some opportunistic buying after having fallen from close to around $2,000 per ounce in July to around $1,900," said Edward Gardner, commodities economist at Capital Economics

By Deep Kaushik Vakil (Reuters) - Receding fears of a U.S. slowdown, surging bond yields and the robust performance of equities have gradually eroded ...

Spot gold was up 0.3% at $1,896.70 per ounce by 1144 GMT, trading near its weakest level since March 15 of $1,888.30. U.S. gold futures steadied at $1,927.80.