HenryChang47

HenryChang47

Gold was up on Wednesday morning in Asia ahead of the minutes from the latest U.S. Federal Reserve meeting. Investors also weighed the possibility of an earlier-than-expected interest rate hike against surging numbers of COVID-19 cases globally. Gold futures inched up 0.03% to $1,815.15 by 11:11 PM ET (4:11 AM GMT). The dollar, which normally moves inversely to...

HenryChang47

Gold was up on Thursday morning in Asia, holding steady in holiday-thinned trade. A weaker dollar offset investors’ renewed risk appetite, attributable to an encouraging study about the omicron COVID-19 variant that increased optimism around the global economic recovery. Gold futures were up 0.24% to $1,806.45 by 10:28 PM ET (3:28 AM GMT), with the yellow metal...

HenryChang47

After the Fed's decision, the price of gold once set a new low this month, but then quickly rebounded to set a new high this month. Although the Fed has made a tough change in monetary policy, just like the Bank of England’s interest rate hike last night, the market has not reflected a tough monetary stance. The decline in long-term growth expectations reflects...