Page 2 - Gold Return News Today

Analysts say market participants shifted focus to commentary from Federal Reserve officials for cues on the timeline for interest rate cut

Analysts say, however, that heightened geopolitical tensions in the Middle East provided some cushion against prospects of higher rates in the US

Analysts say this is because higher-than-expected US inflation data diminished hopes that the US Federal Reserve could soon pivot to monetary easing

Due to a technical glitch at the commodity exchange, trading on MCX was anticipated to begin at 1 pm instead of the usual 9 am on February 13, 2024.

Analysts say the decline in the US dollar and Treasury yields capped some losses

Analysts say apart from the dilemma over interest rates, geopolitical tensions in the Middle East are providing a strong floor for bullion

It extended losses from the previous week as a mix of strong labour market data and hawkish Federal Reserve signals saw markets dial back expectations of early interest rate cuts

Analysts say this was because of geopolitical tensions, higher crude oil prices and weakness in the dollar after FOMC said it would not cut interest rates soon

Analysts suggest keeping an eye on the Interim Budget 2024-25

ECB Governor Christine Lagarde, however, recently struck a dovish note saying rapid wage growth was already showing signs of slowing in the eurozone