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Gold gains on softer US dollar, Fed decision awaited
BENGALURU] Gold prices edged higher on Monday (May 5), helped by a weaker US dollar, while investors awaited more clarity on trade policy between the US and its trading partners, and looked forward to the Federal Reserve’s policy decision due later this week.
Gold surges 2% as Trump reignites tariff tensions ahead of Fed meet
Gold prices rose more than 2% on Monday, helped by a weaker dollar and safe-haven inflows after new tariffs from U.S. President Donald Trump reignited worries about the effects of a global trade war. Spot gold was up 2.3% at $3,313.21 an ounce, as of 1144 GMT. U.S. gold futures climbed 2.4% to $3,322.
The dollar is likely to fall over the long term as President Trump’s policies appear to be put together without checks and balances, Commerzbank’s Ulrich Leuchtmann says in a note. The implicit threat ...
Treasury yields are little changed and the dollar weakens to start a week when the Fed is highly expected to keep interest rates unchanged. Odds of another hold in June are also high, according to CME ...
The Federal Reserve is expected to maintain the current interest rate, with a potential cut in the coming months. Read what ...
It has been losing money for years only to launch a vast renovation including, among other luxurious perks, their own Italian ...
US stocks ended the day sharply lower Monday and the dollar tumbled as investors assessed continued tariff uncertainty and ...
Presidential demands for lower interest rates are falling on deaf ears at the Fed as near-term inflation concerns limit the ...
The U.S. dollar has been supported in recent months by Fed chair Jerome Powell’s relatively hawkish approach to interest ...
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