Thu, December 19, 2024
[ Thu, Dec 19th 2024 ]: Forbes
13 Must-Read Investing Books
[ Thu, Dec 19th 2024 ]: Forbes
PepsiCo Is Oversold
[ Thu, Dec 19th 2024 ]: Aviva
Types of Investments
Wed, December 18, 2024
[ Wed, Dec 18th 2024 ]: Forbes
Best High-Return Stocks In India
Tue, December 17, 2024
Mon, December 16, 2024
Sun, December 15, 2024
Sat, December 14, 2024
Fri, December 13, 2024
[ Fri, Dec 13th 2024 ]: CNBC
The best annuity companies of 2025
Thu, December 12, 2024

Gold prices muted before Fed rate decision; dollar in spotlight


  Copy link into your clipboard //stocks-investing.news-articles.net/content/202 .. efore-fed-rate-decision-dollar-in-spotlight.html
  Print publication without navigation Published in Stocks and Investing on by Investing

Traders remained wary of the yellow metal before a Fed meeting this week. The central bank is widely expected to cut rates by 25 basis points at the conclusion of the meeting on Wednesday, bringing rates down by a total 100 bps in 2024.

Gold prices remained stable as investors awaited the U.S. Federal Reserve's interest rate decision, with expectations leaning towards a pause in rate hikes due to recent economic indicators suggesting a slowdown. Meanwhile, copper prices experienced a decline due to disappointing economic data from China, the world's largest consumer of metals, which reported weaker than expected industrial output and retail sales for October. This data raised concerns about the health of the Chinese economy, impacting base metal prices. Additionally, the market was also influenced by a stronger U.S. dollar, which typically makes commodities priced in dollars more expensive for foreign buyers, thus affecting demand.

Read the Full Investing Article at:
[ https://ph.investing.com/news/commodities-news/gold-prices-muted-before-fed-rate-decision-copper-hit-by-weak-china-data-1580251 ]

Publication Contributing Sources