metals

Gold steady, Copper Rises Amid Smaller Rate Hike Expectations

On: November 23, 2022

In: Gold

Gold prices steadied on Wednesday, while copper extended strong gains as risk-driven assets rallied on expectations that the Federal Reserve will hike interest rates at a slower pace in the near-term, which also trimmed dollar gains. A growing number of Fed officials said in recent weeks that the central bankContinue Reading

Gold, Copper Slip as Powell Dashes Fed Pivot Hopes

By: Administrator_India

On: November 3, 2022

In: Gold, Stock Market

Gold prices fell on Thursday, reversing recent gains as hawkish comments from Federal Reserve Chairman Jerome Powell dashed hopes that interest rate hikes will end soon, while copper prices were also hit by uncertainty over China withdrawing its zero-COVID policy The Fed hiked interest rates by an as-expected 75 basisContinue Reading