Close Menu
  • Home
  • Crypto News
  • Tech News
  • Gadgets
  • NFT’s
  • Luxury Goods
  • Gold News
  • Cat Videos
What's Hot

LINK Price Eyes $15 as Chainlink Network Activity Hits 8-Month High

May 13, 2026

Everything We Know About Valve’s 4 New Steam Machines

May 13, 2026

Sony’s Xperia 1 VIII Has Bigger Camera Sensors And A New Look

May 13, 2026
Facebook X (Twitter) Instagram
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • DMCA
Facebook X (Twitter) Instagram
KittyBNK
  • Home
  • Crypto News
  • Tech News
  • Gadgets
  • NFT’s
  • Luxury Goods
  • Gold News
  • Cat Videos
KittyBNK
Home » Gold listless as central bank meetings loom, dollar holds firm — TradingView News
Gold News

Gold listless as central bank meetings loom, dollar holds firm — TradingView News

March 18, 2024No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Gold listless as central bank meetings loom, dollar holds firm — TradingView News
Share
Facebook Twitter LinkedIn Pinterest Email

Gold struggled for momentum in early Asian hours on Monday as the dollar held firm and investors braced for a series of major central bank policy meetings including the U.S. Federal Reserve this week.

FUNDAMENTALS

* Spot gold GOLD was little changed at $2,156.69 per ounce, as of 0059 GMT. U.S. gold futures Gold listless as central bank meetings loom, dollar holds firm — TradingView NewsGOLD inched 0.1% lower to $2,159.90.

* The Federal Open Market Committee is scheduled to begin its two-day meeting on interest rates on Tuesday. It will announce its rate decision on Wednesday, followed by a statement.

* The Fed is considered certain to keep rates at 5.25%-5.5%, but there is a possibility it might signal a higher-for-longer outlook on policy given the stickiness of inflation at both a consumer and producer level.

* Higher interest rates reduce the appeal of holding non-yielding gold.

* Last week, data showed that U.S. consumer prices increased solidly in February and producer prices rose more than expected amid a surge in the cost of goods like gasoline and food.

* The dollar DXY held firm near a two-week high against its rivals, making gold more expensive for other currency holders.

* Meanwhile, the Bank of Japan is expected to exit its ultra-dovish monetary policies at its two-day meeting ending on Tuesday.

* The Bank of England will hold its meeting on Thursday and is expected to stay put on rates, while markets see some chance the Swiss National Bank might ease this week.

* Spot platinum PL1! rose 0.2% to $935.15 per ounce, palladium XPDUSD1! gained 0.2% to $1,080.02, while silver XAGUSD1! was steady at $25.18.

DATA/EVENTS (GMT)

0200 China Urban Investment (YTD) YY Feb

0200 China Retail Sales YY Feb

0200 China Unemp Rate Urban Area Jan

1000 EU Total Trade Balance SA Jan

1000 EU HICP Final MM, YY Feb

n/a UK House Price Rightmove MM, YY March

Credit: Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

4 gold investing moves beginners should make with the price high

July 30, 2024

Fortitude Gold Drills 9.14 Meters Grading 2.33 g/t Gold Within 16.76 Meters Grading 1.58 g/t Gold at Scarlet North

July 30, 2024

First Majestic Announces New High-Grade Gold and Silver Discovery at Santa Elena

July 30, 2024

Those who invested in Serabi Gold (LON:SRB) a year ago are up 163%

July 30, 2024
Add A Comment
Leave A Reply Cancel Reply

What's New Here!

Quechan Appeal Holds Up; Oro Cruz Project Goes Down

March 21, 2024

Donald Glover’s Best Watches From ‘Mr & Mrs Smith’

April 5, 2024

😱 It’s To LAUGH When Watching This Video Of The FUNNIEST CATS On Earth 😱 – Funny Cats Life

August 26, 2023

Steve Jobs’s stunning $120 million Venus superyacht is stealing the spotlight on Australia’s Gold Coast. Owned by the Apple founder’s billionaire widow, Laurene Powell, this futuristic 255-foot-long vessel features 6 bedrooms and 27 Mac computers for entertainment.

January 23, 2024

Time to Buy the Stock?

April 20, 2024
Facebook X (Twitter) Instagram Telegram
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • DMCA
© 2026 kittybnk.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.