- September 27, 2023
- By: Admin1_blog
- Precious Metal Market

Gold prices dropped to a more than one-month low on Wednesday, beaten down by an assurgent U.S. dollar as markets made adjustments to a rising interest rate scenario.
Gold
Gold prices dropped to a more than one-month low on Wednesday, beaten down by an assurgent U.S. dollar as markets made adjustments to a rising interest rate scenario.
Gold prices slipped on Monday as the dollar and U.S. Treasury yields firmed on the Federal Reserve’s higher-for-longer stance on interest rates.
Gold edged lower on Monday after eking out a narrow gain last week, as investors assessed the U.S. Federal Reserve officials’ decision to flag further interest rate hikes ahead of a consumer inflation print later this week.
Gold extended its decline for the third straight session on Thursday, as dollar and treasury yields rallied after the U.S. Federal Reserve warned of an additional rate hike.
Gold extended its decline on Thursday, weighed by the surge in the U.S. dollar and U.S. bond yields after the Federal Reserve hardened its hawkish posture on interest rates.
Gold prices were subdued on Wednesday as investors remained cautious ahead of the Federal Reserve’s policy decision, where the U.S. central bank is expected to stay put on interest rates, but prospects loom for further hikes later this year.
Gold prices hit a two-week high on Tuesday as the U.S. dollar eased from a six-month peak ahead of the start of the Federal Reserve’s policy meeting later in the day, with markets braced for a new set of economic forecasts from the central bank.
Gold prices edged higher on Monday as investors priced in a pause in interest rate hikes by the Federal Reserve at its policy meeting this week, with a focus on the U.S. central bank’s rate outlook.
Gold slipped to a more than two-week low on Tuesday as the dollar rebounded, while investors positioned for the U.S. inflation print on Wednesday.
Gold prices settled into a holding pattern on Tuesday as investors awaited U.S. inflation figures that could provide an updated view on interest rates after the Federal Reserve kept the door open for further policy tightening.