Gold prices sink below $2,300 as markets brace for hawkish Fed
Investing.com-- Gold prices fell in Asian trade on Wednesday, extending steep overnight losses that saw the yellow metal slide past a key support level as markets braced for potentially hawkish signals from the Federal Reserve later in the day.
Higher-for-longer interest rates bode poorly for gold, given that they increase the opportunity cost of investing in the yellow metal. Dwindling expectations of rate cuts dragged gold prices down from record highs over the past two weeks.Among industrial metals, copper prices fell from two-year highs amid pressure from a stronger dollar, while stellar gains through April also made for some profit-taking.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Barry Bonds became the fourth major leaguer with 300 homers and 300 stealsThis Date in Baseball, April 27 - Barry Bonds became the fourth major leaguer with 300 homers and 300 steals
Baca lebih lajut »
Barry Bonds became the fourth major leaguer with 300 homers and 300 stealsToday in Sports, April 27 - Barry Bonds became the fourth major leaguer with 300 homers and 300 steals
Baca lebih lajut »
Gold Price Forecast: XAU/USD holds below $2,400 on Fed hawkish comments, eyes on geopolitical risksGold Price (XAU/USD) attracts some sellers around $2,385 on Monday during the early Asian trading hours.
Baca lebih lajut »
Gold Price Forecast: XAU/USD sellers keep sight on $2,223 and the Fed decisionGold price is catching a breather early Wednesday, having hit a four-week low at $2,285 on Tuesday.
Baca lebih lajut »
Gold Price Forecast: XAU/USD struggle with $2,330 extends, as focus shifts to Fed decisionGold price is looking to build on to the previous downside early Tuesday, as traders continue to take profits off the table in the lead-up to the US Federal Reserve (Fed) interest rate decision due on Wednesday.
Baca lebih lajut »
Gold price uptrend continues as traders anticipate upcoming Fed decisionGold's price extends its gains for the third straight day, yet it remains within familiar levels, with traders bracing for the US Federal Reserve’s (Fed) monetary policy decision on May 1.
Baca lebih lajut »