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Copper prices fell on Thursday, heading for a third straight session of decline in London, as a stronger dollar and expectations of further U.S. rate hikes weighed. Three-month copper on...
May 3 (Reuters) - Gold prices held steady above the key $2,000 level on Wednesday, while investors strapped in for the U.S. Federal Reserve's interest rate-hike verdict due later in the day. FUNDAMENTALS ... | 08:43pm
By Reuters Staff 3 Min Read July 6 (Reuters) - Gold prices were hovering close to a two-week high on Tuesday, helped by a subdued dollar, while investors awaited minutes from the U.S. Federal Reserve’s June policy meeting for more clarity on monetary policy going forward. FUNDAMENTALS * Spot gold was steady at $1,792.34 per ounce by 0055 GMT, after hitting its highest since June 18 at $1,794.86 on Friday. * Most U.S. markets were closed on Monday for the Independence Day holiday. * U.S. gold futures rose 0.5% to $1,792. * The dollar was little changed at 92.235 after dropping from a three-m...
Article content * A weaker greenback makes gold less expensive for holders of other currencies. * Focus this week is on minutes from the Fed’s latest meeting – due on Wednesday- after a hawkish tilt from the U.S. central bank surprised markets last month. * Japan’s household spending rose at a double-digit rate in May as consumers bought cars and mobile phones, though the pace of growth slowed from the prior month as a new wave of COVID-19 infections weighed on consumer confidence. * Euro zone businesses expanded activity at the fastest rate in 15 years in June as the easing of more cor...