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  • Gold Prices Hover Above 2023 Lows As Fed Uncertainty Persists

    Gold Prices Hover Above 2023 Lows As Fed Uncertainty Persists0

    Gold prices kept to a tight range on Tuesday after recovering slightly from their weakest level this year, as concerns over rising interest rates and anticipation of key U.S. economic readings this week kept traders largely on the sidelines. The yellow metal marked four consecutive weeks of losses as hotter-than-expected U.S. inflation and signs of

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  • Gold Prices Dip Amid Rate Hike Uncertainty, Copper Retreats

    Gold Prices Dip Amid Rate Hike Uncertainty, Copper Retreats0

    Gold prices fell slightly on Monday amid uncertainty over whether the Federal Reserve will hold interest rates steady later this month, while concerns over weakening economic growth pulled copper prices down. The yellow metal fell on Friday after U.S. nonfarm payrolls data read much stronger than expected for May, which posited a hawkish outlook for

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  • Gold Prices Creep Higher as USD Retreats, Hawkish Fed Caps Gains

    Gold Prices Creep Higher as USD Retreats, Hawkish Fed Caps Gains0

    • Gold
    • October 19, 2022

    Gold prices rose slightly on Wednesday, extending mild gains into a third session as pressure from the dollar abated, although hawkish signals from Federal Reserve officials prevented further gains Spot gold rose 0.1% to $1,653.49 an ounce, while gold futures rose 0.2% to $1,658.90 an ounce by 19:20 ET (23:20 GMT). Both instruments spent a

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  • Gold Edges Lower, Copper Slides On Disappointing Chinese Data

    Gold Edges Lower, Copper Slides On Disappointing Chinese Data0

    Gold prices crept lower on Wednesday as markets awaited more cues on the raising of the U.S. debt ceiling, while copper prices slid after data offered more signals of a slowing economic rebound in China. Copper futures sank 0.7% to $3.6338 a pound, and were set to lose about 6% in May as data showed

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  • Gold Buoyant Before The Fed, Copper Rallies on China COVID Hopes

    Gold Buoyant Before The Fed, Copper Rallies on China COVID Hopes0

    Gold prices held recent gains on Wednesday as the dollar steadied before the conclusion of a Federal Reserve meeting, while copper prices were lifted by speculation over China potentially relaxing its strict zero-COVID policy Spot gold steadied around $1,648.23 an ounce, while gold futures rose 0.1% to $1,650.80 an ounce. Both instruments jumped from a

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  • GM Wants U.S. Treasury to Reconsider tax Credits for Cadillac Lyriq EV

    GM Wants U.S. Treasury to Reconsider tax Credits for Cadillac Lyriq EV0

    General Motors said Friday it wants the U.S. Treasury to reconsider classification of GM’s electric Cadillac Lyriq to allow it to qualify for federal tax credits. The Treasury and Internal Revenue Service did not classify the Lyriq as an SUV, meaning its retail price cannot be above $55,000 to qualify for up to $7,500 in

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