Gold prices fell on Tuesday with investors awaiting key U.S. inflation data and the outcome of the Federal Reserve’s policy meeting for details of the central bank’s plans to cut interest rates against its inflation target.
By Wayne Cole
SYDNEY (Reuters) -Asian stocks were in a guarded mood on Tuesday as investors pondered fresh political uncertainty in European markets after right-wing gains in elections and a snap poll in France revived concerns about the cohesion of the bloc.
Holly Ellyatt@HOLLYELLYATT
LONDON — European stocks are expected to open lower Monday as traders react to initial results from the EU Parliament elections which suggest far-right parties have surged in popularity.
Gold prices held steady on Monday after a sharp sell-off in the previous session on stronger-than-expected U.S. jobs data, with investors awaiting the Federal Reserve policy meeting this week for further direction.
Lim Hui Jie
KEY POINTS
Katrina Bishop@KATRINABISHOP
KEY POINTS
Gold prices climbed to a two-week high on Thursday as weaker-than-expected U.S. jobs data fanned hopes of a Federal Reserve interest rate cut later this year with focus shifting to non-farm payrolls data due on Friday.
Lim Hui Jie
Asia-Pacific stocks were mixed on Friday as investors looked at economic data from China and digested Japan’s pay numbers, with markets also assessing the European Central Bank’s rate cut.
Holly Ellyatt@HOLLYELLYATT
European stocks are expected to open higher on Thursday, with traders anticipating that the European Central Bank will cut borrowing costs for the euro area for the first time since September 2019.
Gold firmed on Thursday as the dollar and Treasury yields retreated on rising bets that U.S interest rate cuts may start as early as September, while investors awaited the U.S. non-farm payrolls data.
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