Spot gold and US gold futures gain on US Federal Reserve’s decision to not rush into raising rates
Gold grain at a refinery in Russia. Picture: BLOOMBERG/ANDREY RUDAKOV
Spot gold rose 0.1% to $1,793.63/oz by 4.19am GMT, and was up 0.7% so far in the week. US gold futures gained 0.1% to $1,794.40/oz. The announcement prompted benchmark 10-year US Treasury yields to pull back from recent highs of about 1.6%.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold creeps up as Fed opts to keep rates steady — for nowThe US central bank will start tapering its stimulus in November
Read more »
HILARY JOFFE: While Anglo strikes succession gold, Absa wallows in a bitter pitWhen the transition process is marked by turbulence, it makes for a troubled future
Read more »
Gold slips as attention turns to Fed verdictMetal loses ground as traders await the outcome of the US Federal Reserve meeting where the tapering of stimulus is expected to be discussed
Read more »
Asian markets struggle to track Wall St rally, eyes on US jobsAsian markets were mixed Friday following the previous day's gains, with eyes on the release of key US jobs data later in the day, while investors are also assessing the outlook for central bank monetary policy in the face of surging inflation.
Read more »
Work with us or pack your bags: Victorious DA warns uMngeni officialsJust hours after its historic victory in KwaZulu-Natal's uMngeni municipality, the DA has issued a warning to the municipal officials there to either “work with the party or pack their bags”.
Read more »
US 'absolutely' has ability to defend Taiwan - top Pentagon generalMilley said he did not foresee Beijing, which views Taiwan as a renegade province, making any moves against the island in the near future, which he defined as up to 24 months.
Read more »