Gold prices traded higher on Wednesday, as Treasury yields slipped along with the dollar and investors around the world waited to hear from Federal Reserve...
Gold prices traded higher on Wednesday, as Treasury yields slipped along with the dollar and investors around the world waited to hear from Federal Reserve Chairman Jerome Powell as the central bank’s July policy meeting is set to conclude.
“The... Gold prices traded higher on Wednesday, as Treasury yields slipped along with the dollar and investors around the world waited to hear from Federal Reserve Chairman Jerome Powell as the central bank’s July policy meeting is set to conclude. “The Federal Reserve is expected to raise rates by 25bp today, and markets will be on the lookout for any signals suggesting this could be the central bank’s final hike or whether there could be more still to come,” said Warren Patterson, head of commodities strategy at ING, in emailed commentary.
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