Gold price holding near six-week highs, but largely ignores disappointing Philly Fed Survey of -23.2
- The gold market is struggling to hold in positive territory, finding little bullish momentum as disappointing manufacturing data from the Philadelphia Federal Reserve could further elevate recession fears.
"Responses to the March Manufacturing Business Outlook Survey suggest continued declines for the region's manufacturing sector. The survey's indicators for general activity, new orders, and shipments were all negative, and the firms reported a decline in employment, on balance," the report said. The disappointing manufacturing data is having little impact on gold as prices near their highest level in six weeks. April gold futures last traded at $1,931.60 an ounce, roughly unchanged on the day.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Investors take to gold as Credit Suisse reignites banking fears, gold price at 1.5-month highs
Lire la suite »
New York Fed's Empire State Survey drops to 24.6 in March(Kitco News) - Recession fears are not expected to abate anytime soon as the U.S. manufacturing sector remains extremely volatile, following another wild swing within the New York region, according to the latest data from the New York Federal Reserve.
Lire la suite »
Gold holds above $1 900 as SVB collapse fuels hopes of Fed pauseGold prices on Tuesday hovered near their highest levels in more than five weeks, and held above the key $1 900 level, as expectations grew that the Federal Reserve could pause its rate hikes after the collapse of two big US regional banks. Spot gold was down 0.1% at $1 910.80/oz, as of 07:26 GMT, after rising more than 2% on Monday to hit its highest since February 3. US gold futures also fell 0.1% to $1 915.00.
Lire la suite »
Live Gold Prices | Gold News And Analysis | Mining News | KITCOKITCO Covers The Latest Gold News, Silver News, Live Gold Prices, Silver Prices, Gold Charts, Gold Rate, Mining News, ETF, FOREX, Bitcoin, Crypto, Stock Markets
Lire la suite »
Gold price at daily highs as U.S. retail sales drop in February
Lire la suite »
Gold price to triple with miners poised to gain 85% - Tavi Costa(Kitco News) - Gold could easily triple in price in the current economic environment, and gold miners should see a big move upward as well, according to Tavi Costa, Portfolio Manager and Partner at Crescat Capital.
Lire la suite »