Gold Up, Powell Promises Rates Will Not Rise Too Quickly
By Administrator_ India Capital Sands Gold was up on Wednesday morning in Asia after U.S. Federal Reserve Chairman Jerome Powell’s reassuring message that interest rates will not rise too quickly based only on the fear of coming inflation. However, a strengthening dollar curbed gains for the yellow metal. Gold futures were up 0.26% to $1,782.05 by […]
Gold Up, Boosted by Strong Dollar and Fed Assurances on Inflation
By Administrator_ India Capital Sands Gold was up on Wednesday morning in Asia, with investors and Congress reassured by U.S. Federal Reserve Chair Jerome Powell that inflation will remain under control. Gold futures were up 0.34% at $1,730.90 by 11:48 PM ET. The dollar, which normally moves inversely to gold, inched up to a more […]