Gold steady as US Federal Reserve remarks counter safe-haven demand
Thursday, 8 February 2024 Gold prices steadied on Thursday as a pushback from US Federal Reserve officials on market hopes for early interest rate cuts offset safe-haven demand after Israel rejected a ceasefire offer from Hamas amid continuous talks to end the Gaza conflict. Spot gold held its ground at $2,033.56 per ounce, as of 0427 GMT. US gold futures edged 0.1% lower to $2,049.00 per ounce.
Jerome Powell Says the ‘Time Is Coming’ , for Interest Rate Cuts.
In an interview with '60 Minutes' on Jan. 4, the
Federal Reserve chair said the central bank is still on track
to reduce interest rates later this year, Fox News reports. .
There is no easy, simple, obvious
path. We have to...
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Thursday, 8 February 2024
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