Gold to enter 2024 with sights set on record highs
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...
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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.