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Gold Price (XA/USD) holds lower ground at the weekly bottom, licking its wounds after a three-day downtrend near $1,937, as market players prepare for
Gold prices remained steady on Wednesday with spot gold trading at $1,936.99 per ounce and US gold futures at $1,948.20. The lack of movement is amid anticipation of Federal Reserve Chairman Jerome Powell's forthcoming testimony. Investors will look for hints about the central bank's interest-rate hiking plans. According to the CME Fedwatch tool, a June rate hike probability stands at 78%. Non-yielding gold becomes less attractive when reserves return higher rates.
June 21 (Reuters) - Gold traded in a narrow range on Wednesday as traders refrained from making big bets ahead of Federal Reserve Chairman Jerome Powell's congressional testimony, which could offer further insight into the central bank's in...
US Dollar Index (DXY) remains firmer for the fourth consecutive day despite recent inaction around 102.60 amid early Wednesday. In doing so, the green
AUD/USD stays mildly bid around 0.6790 as it prints the first daily gains in four while bouncing off the one-week low marked the previous day. That sa