Federal Reserve interest rate

Gold hovers near two-week peak as focus shifts to US inflation data

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Gold hovers near two-week peak as focus shifts to US inflation data

Gold prices remained mostly unchanged on Tuesday, staying near a two-week high hit in the previous session, as investors awaited key U.S. inflation data, due later this week, for further insights into the Federal Reserve’s interest rate outlook. FUNDAMENTALS * Spot gold held its ground at $2,660.82 per ounce, as of 0042 GMT. U.S. gold … Read more

As Federal Reserve kicks off taper, some investors seek to dial down risk

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As Federal Reserve kicks off taper, some investors seek to dial down risk

NEW YORK: The Fed’s well-telegraphed taper announcement has done little to soothe the nerves of some investors, who remain on edge about stubbornly persistent inflation and are looking to trim risk as they prepare for rockier times. The Federal Reserve on Wednesday said it will begin paring back its monthly bond purchases this month with … Read more