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Gold Rise But Upside Seen Limited As Strong US Data Fuels Fed Hike View

Gold futures prices rose on Friday, but gains were expected to remain limited as upbeat U.S. economic data backed the case for a near-term increase in interest rates. 275 more words

Commodity

Gold Prices Drops to Session Lows After Upbeat U.S. Data, Investors Also Monitor China

US gold futures fell by 2 percent to the lowest levels of the session on Thursday after data showed the United States economy grew more than initially estimated in the second quarter, increasing optimism about the economic health and supporting the event of a US interest rate hike this year, while investors keep a close watch over China’s efforts to support its economy. 365 more words

Commodity

Gold Prices Decline $15 to Hit Session Lows After Upbeat U.S. Data

Prices in COMEX gold futures slipped to the lowest levels of the session on the Wednesday, after data showed US durable goods orders to unexpectedly rise in July, increasing optimism about the economic health and support the case for a boost in interest rates in the United States this year. 278 more words

Commodity

Gold Prices Climbs to Fresh 7-Week High As Global Equities Tumble

Prices of US gold futures surged to a new high of 7 weeks in early European trade on Monday amid severe losses in global equity markets as funds fled bullion due to weak sentiment in other class assets and the USD spurred demand for the yellow metal. 300 more words

Commodity

Crude Oil- Is the volatility set to drop?

by- Himanshu Gupta- Research Analyst , Metals and Energy Research 

Bloodbath in crude oil prices over past few weeks has sent prices tread water and has traumatized the oil bulls that looked confident for a sustained recovery post the worst sell off in the energy counter after 2008. 870 more words

Commodity

Gold Prices Monthly High Amid China Struggles, On Lower US September Rate Hike Chance

Gold prices attained its highest monthly on Thursday as the dollar fell after the minutes of the meeting of the Federal Reserve of the United States suggested lawmakers were in no hurry to raise the interest rates amid data from weak manufacturing China enhanced the case for additional stimulus measures by the central bank of China to revive growth in the world’s second largest economy. 430 more words

Commodity

Gold Extends Gains 5-Week High After Jobless Claims Data, Fed Hike Hopes

Prices of US gold futures added to gains to 5 weeks Thursday following data showed the number of people who filed for jobless claim in the US suddenly rose last week, in addition to the policy meeting by the Fed last month indicated that a rise in interest rates in the United States in September may be unlikely. 321 more words

Commodity