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Sunday, April 12, 2026 | Daily Newspaper published by GPPC Doha, Qatar.

Tag Results for "Federal Reserve" (62 articles)

(FILES) A worker displays a one-kilogram gold bullion bar at the ABC Refinery. (AFP)
Business

Gold slips on firm dollar, fading hopes of further fed cuts

Gold prices declined on Monday, weighed down by a stronger US dollar as investors scaled back expectations for further Federal Reserve interest rate cuts following hawkish remarks by Chair Jerome Powell last week. Easing US-China trade tensions also pressured bullion.Spot gold fell 0.8% to $3,968.76 per ounce, while US gold futures for December delivery slipped 0.5% to $3,978.30 per ounce. The US dollar held firm near its three-month high reached last week, making the greenback-priced metal more expensive for holders of other currencies.The US Federal Reserve cut interest rates on Wednesday by 0.25 percentage point, marking its second rate cut this year, bringing the benchmark overnight rate to a target range of 3.75%-4.00%. Among other precious metals, spot silver dropped 0.5% to $48.41 per ounce, platinum eased 0.1% to $1,566.40, and palladium declined 0.6% to $1,424.88.

A worker displays a one-kilogram gold bullion bar at the ABC Refinery in Sydney.  (AFP)
Business

Gold extends decline from record high amid profit-taking

Gold prices extended their decline on Wednesday amid profit-taking following recent record highs, as investors awaited key US inflation data this week for further indications on the Federal Reserve's potential path toward interest rate cuts. Spot gold fell 0.3% to $4,113.54 per ounce, after plunging more than 5% on Tuesday — its sharpest daily drop since August 2020. Meanwhile, US gold futures for December delivery rose 0.5% to $4,129.80 per ounce. Despite the recent correction, gold prices have surged about 56% so far this year, hitting an all-time high of $4,381.21 on Monday. The rally has been driven by heightened geopolitical and economic uncertainty, growing expectations of interest rate reductions, and sustained central bank demand for the yellow metal. Among other precious metals, spot silver fell 0.9% to $48.29 per ounce, platinum dropped 1.1% to $1,534.44, while palladium was steady at $1,406.76 per ounce.

Gulf Times
Business

Dollar holds steady amid growing US rate cut expectations

The US dollar held steady in early Asian trading on Wednesday, after remarks from Federal Reserve Chair Jerome Powell reinforced market expectations of an interest rate cut later this month.The greenback had weakened on Tuesday against both the Japanese yen and the Swiss franc, as trade tensions between the United States and China intensified following renewed tariff-related exchanges.The euro gained ground after the French government proposed suspending planned pension reforms, providing some support to the single currency.The dollar index (DXY), which measures the greenback's performance against a basket of major currencies, was unchanged at 99.06, after falling 0.2% in the previous session.Against the Japanese yen, the dollar was steady at 151.80 yen, following a 0.3% decline on Tuesday. The greenback was also little changed against the Swiss franc, trading at 0.8013 francs, after slipping 0.3% in the prior session.The euro was stable at $1.1606, maintaining gains of 0.3% recorded yesterday.Elsewhere, the Australian dollar edged up 0.1% to $0.6491, after a 0.5% drop on Tuesday that took it to its weakest level since August 22 at $0.6440. The New Zealand dollar eased 0.1% to $0.5706, extending Tuesday's 0.2% decline when it hit a six-month low of $0.5684.

(FILES) A worker displays a one-kilogram gold bullion bar at the ABC Refinery in Sydney (AFP)
Business

Gold, Silver extend rally to fresh peak on safe-haven demand

Gold prices surged to a new record high above $4,100 on Tuesday, driven by growing expectations of US Federal Reserve interest rate cuts and renewed US-China trade tensions that spurred safe-haven demand. Silver also rallied to an all-time high. Spot gold rose 0.4% to $4,124.79 per ounce, after touching a record $4,131.52 earlier in the session. US gold futures for December delivery gained 0.3% to $4,143.10. The precious metal has climbed nearly 57% since the beginning of the year, breaking above the $4,100 mark for the first time on Monday. The rally has been underpinned by geopolitical and economic uncertainty, expectations of monetary easing, robust central bank purchases, and strong inflows into gold-backed exchange-traded funds. Spot silver advanced 0.3% to $52.49 per ounce, after earlier hitting $52.70. Among other precious metals, platinum rose 0.5% to $1,653.45 per ounce, while palladium added 1.6% to $1,498.25, its highest level since May 2023.

(FILES) A worker displays a one-kilogram gold bullion bar at the ABC Refinery in Sydney. (AFP)
Business

Gold, Silver hit fresh record highs

Gold and silver prices surged to new record highs on Monday, driven by strong safe-haven demand amid renewed trade tensions between the United States and China, as well as expectations that the US Federal Reserve will cut interest rates. Spot gold rose 0.7% to $4,044.29 per ounce, while US gold futures for December delivery advanced 1.6% to $4,062.50. Silver climbed 2% in spot trading to a record $51.52 per ounce, extending its recent rally. Gold, which yields no interest, has gained 54% so far this year, supported by anticipation of lower borrowing costs and increased geopolitical uncertainty. Among other precious metals, platinum rose 2.6% to $1,628.80 per ounce, while palladium gained 2.6% to $1,442.06.

(FILES) A worker displays a one-kilogram gold bullion bar at the ABC Refinery in Sydney. Gold's relentless rise reached another milestone on October 8, 2025, as the precious metal hit $4,002.95 an ounce for the first time. (AFP)
Business

Gold tops $4,000 for first time in history

Gold surged past the $4,000 mark per ounce for the first time in history on Wednesday, as investors sought safe-haven assets amid intensifying economic and geopolitical uncertainties and growing expectations of further interest rate cuts by the US Federal Reserve. Spot gold rose 0.1% to $4,021.22 per ounce, while US gold futures for December delivery advanced 0.5% to $4,025 per ounce. Traditionally viewed as a store of value in times of instability, gold has been one of the strongest-performing assets in 2025, soaring 53% year-to-date after posting a 27% gain in 2024. In other precious metals markets, spot silver increased 0.5% to $48.03 per ounce, platinum rose 2.2% to $1,653.21, and palladium climbed 1.3% to $1,355.32.

Gulf Times
Business

Gold surges to new record on safe-haven demand, Fed rate-cut bets

Gold surged to a fresh record high on Tuesday as investors sought safe-haven assets amid a prolonged US government shutdown and growing expectations of a Federal Reserve rate cut later this month. Spot gold rose 0.4% to $3,974.09 per ounce, trading near its all-time high of $3,977.19 earlier in the session. US gold futures for December delivery gained 0.5% to $3,996.40. The precious metal has climbed 51% so far this year, supported by strong central bank purchases, robust inflows into gold-backed exchange-traded funds, a weaker dollar, and increased demand from retail investors seeking protection amid heightened geopolitical and trade tensions. In other precious metals, spot silver was little changed at $48.52 per ounce, platinum rose 0.1% to $1,626.55, and palladium advanced 0.9% to $1,330.91.

Gulf Times
Business

Gold hovers near record high on rate-cut bets

Gold prices rose on Monday to hover near an all-time high, supported by a weaker dollar and growing expectations that the Federal Reserve is likely to continue with interest rate cuts later this year. Spot gold was up 0.5% at $3,776.72 per ounce. Bullion hit a record of $3,790.82 last week. US gold futures for December delivery were steady at $3,806.20. Elsewhere, spot silver rose 0.6% to $46.26 per ounce, platinum climbed 2.2% to $1,602.45 and palladium gained 0.8% at $1,279.68.

Gulf Times
Business

European stocks slip on healthcare, industrial losses

European stocks retreated on Thursday under pressure from losses in the healthcare and industrials sectors in early trading, with focus on remarks from a number of Federal Reserve (US central bank) policymakers and data scheduled later in the day to clarify the path of monetary policy.The pan‑European STOXX 600 index fell 0.5 percent to 551.3 points.Most European stock exchanges also opened lower, with both Germany's benchmark index and the UK's FTSE 100 down 0.4 percent.The healthcare stocks index dropped 1.1 percent, with German medical technology firm Siemens Healthineers falling 6 percent.British medical device maker Smith and Nephew also slipped by 1.1 percent.Losses also included the construction and building materials sector, which fell 1.1 percent, and the industrial goods and services sector, down 0.6 percent.

Gulf Times
Business

Dollar fluctuates in Asian trading as markets weigh fed comments

The US dollar faced continued pressure in Asian trading on Tuesday as investors assessed remarks from Federal Reserve officials for clues on the path of interest rates. The greenback fluctuated between gains and losses, last trading flat after snapping a three-day winning streak on Monday, with the US dollar index last at 97.326.Against the yen, the dollar was flat at 147.775 yen.The kiwi weakened 0.3% to $0.5848.The euro stood at $1.1798, little changed on the day.Sterling fluctuated between gains and losses, last trading flat at $1.35075.The dollar sank 4.5% against Argentina's peso after the US.The Indian rupee weakened to an all-time record of 88.62 against the US.The Australian dollar fetched $0.6584, weakening 0.2% after hitting a two-week low on Monday.Meanwhile, the yield on benchmark 10-year Treasury notes extended its climb to 4.1467%.

Gulf Times
Business

European stocks rise after Fed Rate Cut

European shares nudged up on Thursday after the US Federal Reserve lowered borrowing costs for the first time since December, while shares of SIG plummeted after the Swiss-based company issued a profit warning. The pan-European STOXX 600 rose 0.5% to 553.49 points, in broad-based gains.In Denmark, Novo Nordisk rose 2.6%.SIG Group slid 20%.Britain's Next also lost 5.5%.

Gulf Times
Business

Gold steady as investors await Fed Rate decision

Gold prices remained steady on Monday as investors awaited a widely expected rate cut by the US Federal Reserve this week, while profit-taking and a firmer dollar kept gains in check. Spot gold held its ground at $3,642.65 per ounce.US gold futures for December delivery were down 0.2% at $3,680.20.Elsewhere, spot silver was up 0.1% at $42.20 per ounce, platinum gained 0.5% to $1,397.59, and palladium rose 0.2% to $1,197.88.