ELIZABETH VARGHESE
Gold holds steady as investors await US data for more Fed clues
Gold prices steadied as investors awaited U.S. economic data for clues on Federal Reserve's monetary policy easing. Spot gold stood at $2,326.86 per ounce and U.S. gold futures at $2,347.40.
Gold steady as geopolitical risks counter higher treasury yields
Gold prices hold steady amidst Middle East tensions and safe-haven demand. Federal Reserve remains cautious on interest rates. Israeli tanks re-enter Gaza. Barrick Gold reports lower production. Silver, platinum, and palladium prices fluctuate.
Gold prices hit record highs on safe-haven demand
Spot gold was up 0.6% at $2,386.38 per ounce, as of 0111 GMT. Bullion hit a record high of 2,389.29 earlier in the session.
Gold gains on softer dollar, US inflation data on radar
"If the CPI figures exceed market expectations, perhaps forcing the Fed to delay its policy pivot, that could force bullion to relinquish more of its gains from the final quarter of 2023," said Han Tan, chief market analyst at Exinity Group.
Gold heads for weekly gain as Fed strikes dovish stance
"The gold market will continue to mirror what the expectations from the Fed are," said Everett Millman, chief market analyst at Gainesville Coins.
Morgan Stanley cuts oil price forecasts, sees surplus in H1 2024
The Wall Street bank cut its Brent price outlook for the third quarter this year to $75 from $77.50 per barrel and lowered its fourth quarter forecast to $70 from $75. It also cut its forecasts for 2024 by $5, and now sees prices at $70 in the first quarter, at $72.50 in the second, and at $75 and $80 for the final two quarters, respectively.
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White House formally announces appointment of Indian-American Maju Varghese as WHMO Director
Technically, 'Air Force One' is used to designate any US Air Force aircraft carrying the American President. It is one of the most recognisable symbols of the American presidency.
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