Live Breaking News & Updates on வன்பொன் ப்ரொட்யூஸர்|Page 7
Stay updated with breaking news from வன்பொன் ப்ரொட்யூஸர். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
China May factory gate prices rise at fastest in over 12 yrs Too sharp a rise in inflation rate could pressure gold - analyst (Adds comment, updates prices) June 9 (Reuters) - Gold held in a tight range below the $1,900 an ounce level on Wednesday as investors looked to U.S. inflation data and a European Central Bank meeting for clues on monetary policy and the future of economic support measures. Spot gold was down 0.2% at $1,889.84 per ounce by 1135 GMT, while U.S. gold futures slipped 0.1% to $1,892.10. “There’s a great deal of uncertainty about the next move in gold prices,” Michael Hewson, chief market analyst at CMC Markets said, adding that given the direction of bond yields, gold should have moved much higher. ....
Gold prices held steady on Monday, helped by a pullback in the dollar and lower bond yields after a weaker-than-expected U.S. monthly jobs report calmed investor fears over tightening of monetary policy. ....