Gold prices rise on bets of no more Fed rate hikes, but gains limited

Investing.com– Gold prices rose on Thursday, encouraged by a weaker dollar and Treasury yields after the Federal Reserve struck a less hawkish tone than expected, although gains in the yellow metal were limited by increased risk appetite., as widely expected, on Wednesday. But comments from Fed Chair Jerome Powell saw markets pricing in a diminished … Read more

American Kyle Snyder leads U.S. wrestlers to gold medal sweep at the Pan American Games

The star wrestler’s teammates came close to dominating just as much, and just like Snyder they are likely to secure a spot in the Paris Olympics next year and fight for medals there, too.“My next thing is just take a little break and get back on the main train,” Snyder told The Associated Press after … Read more

23-time gold medalist Michael Phelps shares a special message with David Ortiz

FOX SPORTS™, SPEED™, SPEED.COM™ & © 2023 Fox Media LLC and Fox Sports Interactive Media, LLC. All rights reserved. Use of this website (including any and all parts and components) constitutes your acceptance of these Michael Phelps and wife Nicole are expecting 4th child: ‘Our 4th Phelps’The swimmer and his wife also celebrated their seventh … Read more

49ers strike gold with Chase Young, Davante Adams stays put

The 2023 NFL trade deadline has passed, and while fans failed to see any earth-shattering moves, some of Tuesday’s swaps could prove to have serious implications this season. Compared to last year’s NFL record of 10 trades on deadline day, just six trades took place on Tuesday with the Washington Commanders creating most of the … Read more

China firm launches stock indices to tap into rush for safe-haven gold

“The indexes offer a new method beyond traditional strategies,” the government-backed index company said in a statement. “It provides the market with more tools to invest in the gold business, and can help households better manage their wealth.” Spot gold has gained more than 8% so far this year, rising to an almost six-month high … Read more

Gold Could Be Headed for a New High. Where Technical Analysis Says It’s Going Next

powerful bullish reversal from $1,811 support. By hurdling $1,940 without breaking below $1,900, my work generated a Buy signal for Gold. And I advised my clients to buy gold once it hurdled $1,940. When we look at the daily chart of gold, we see a bullish reversal of $1,911. (Higher high than the prior day, … Read more

Gold price extends its pullback from a multi-month top; focus remains on FOMC

Gold price drifts lower for the third successive day and refreshes weekly low on Wednesday. Receding safe-haven demand and hawkish Fed expectations weigh on the XAU/USD. China’s economic woes could lend support to the safe-haven metal ahead of the Fed decision. This marks the third successive day of a negative move and drags the commodity … Read more

Gold eyes Fed policy, further development in Middle East conflicts

Gold price looks for a direction as the focus shifts to Fed policy. A no-change interest rate decision from the Fed is widely expected but with the possibility of further rate hikes ahead. The Israeli defense forces gradually in Gaza to demolish Hamas. The near-term demand for the precious metal is bullish as Middle East … Read more

As good as gold? Spot bitcoin ETFs aim to whip up US demand

The world’s biggest cryptocurrency has leapt 28% in October, with investors betting U.S. regulators will give the green light for a spot bitcoin ETF and thereby unleash a new wave of demand.Well, it’s hard to say, judging by the wide assortment of estimates from market players, ranging from $3 billion on its first day to … Read more