• Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer
Saturday, June 10, 2023
Cameron County News Online
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
No Result
View All Result
Home News

Gold Eases As Yields, Dollar Climb After U.S. Jobs Data – Reuters

by NewsReporter
February 4, 2022
in News
Reading Time: 2 mins read
gold-eases-as-yields,-dollar-climb-after-us.-jobs-data-–-reuters
Share on FacebookShare on Twitter
Register now for FREE unlimited access to Reuters.com
  • U.S. nonfarm payrolls increased by 467,000 jobs in January
  • Dollar index faces worst week since Nov. 2020
  • Platinum set to rise, palladium down for the week

Feb 4 (Reuters) – Gold prices slipped on Friday, pressured by a firmer dollar and higher U.S. Treasury yields as upbeat U.S. jobs data bolstered the case for rate hikes by the Federal Reserve.

Spot gold was down 0.2% at $1,800.40 per ounce by 09:37 a.m. EST (1437 GMT), after hitting a one-week high earlier in the session. U.S. gold futures fell 0.1% to $1,802.40.

An extremely strong jobs report could prompt the Fed to raise interest rates faster and higher than prior market expectations, said David Meger, director of metals trading at High Ridge Futures.

Register now for FREE unlimited access to Reuters.com

U.S. nonfarm payrolls increased by 467,000 jobs last month, data from the Labor Department showed on Friday, while December data was revised higher to show the creation of 510,000 jobs. read more

Following the surprise data, benchmark 10-year yields hit their highest since January 2020, while the dollar (.DXY) gained and made bullion expensive for overseas buyers.

Gold prices have been trading around $1,800 an ounce level since slipping to a 1-1/2-month low last week after the Fed signalled an interest rate hike in March.

With U.S. inflation expected to peak this quarter and interest rates to increase, gold could decline to $1,650 an ounce by the year-end, said UBS analyst Giovanni Staunovo.

Gold is considered a hedge against inflation, but interest rate hikes would raise the opportunity cost of holding non-yielding bullion.

However, gold is set to gain about 0.5% this week as the greenback is set for its worst weekly decline since November 2020.

“Tracking ETF flows suggests little such interest in the yellow metal, whereas the Fed’s decisively hawkish tone is keeping capital from sustainably flowing into the yellow metal,” TD Securities said in a note.

Silver fell 0.1% to $22.38 per ounce, platinum dropped 1.2% to $1,020.98 and palladium declined 1.1% to $2,300.42.

Register now for FREE unlimited access to Reuters.com

Reporting by Kavya Guduru in Bengaluru; Editing by Ramakrishnan M.

Our Standards: The Thomson Reuters Trust Principles.

Related Posts

troup-county-sheriff’s-office-arrest-release-reports-for-period-ending-april-14-–-lagrange-daily-news-|-lagrange-daily-news-–-lagrange-daily-news

Troup County Sheriff’s Office Arrest Release Reports For Period Ending April 14 – LaGrange Daily News | LaGrange Daily News – LaGrange Daily News

by NewsReporter
April 14, 2022
0

Amari Keshad Towns, 21, 115 Haley Way, LaGrange, GA, theft – other (felony Michael Randall Reynolds, 27, 1114 Alverson Road, LaGrange, GA, VGCSA-amphetamine-possession Maria Montana Phillips, 41, 421 South Lee Street D-22, LaGrange, GA, failure to appear (state) Crystal Nichol Gates, 38, no known address, remove/affix plate with intent to...

musk-says-us.-sec-‘bastards’-forced-settlement-over-tesla-tweets-–-reuters

Musk Says U.S. SEC ‘bastards’ Forced Settlement Over Tesla Tweets – Reuters

by NewsReporter
April 14, 2022
0

Tesla CEO Elon Musk leaves Manhattan federal court after a hearing on his fraud settlement with the Securities and Exchange Commission (SEC) in New York City, U.S. April 4, 2019. REUTERS/Brendan McDermidRegister now for FREE unlimited access to Reuters.comApril 14 (Reuters) - Tesla Inc (TSLA.O) CEO Elon Musk on Thursday...

democrats-are-in-danger-of-losing-three-congressional-strongholds-in-south-texas-–-ksat-san-antonio

Democrats Are In Danger Of Losing Three Congressional Strongholds In South Texas – KSAT San Antonio

by NewsReporter
April 14, 2022
0

Sign up for The Brief, our daily newsletter that keeps readers up to speed on the most essential Texas news.WASHINGTON — Fending off the Republican advance in South Texas this fall was already going to be a taller-than-usual order for Democrats. But few Democrats anticipated it would be this hard.Thanks...

column:-crop-watch:-cold-spring-weather-prevents-early-us.-planting-–-reuters

Column: Crop Watch: Cold Spring Weather Prevents Early U.S. Planting – Reuters

by NewsReporter
April 14, 2022
0

Acres of soybeans seen at the Pioneer-DuPont Seed facility in Addieville, Illinois U.S., September 19, 2018. Picture taken September 19, 2018. REUTERS/Lawrence BryantRegister now for FREE unlimited access to Reuters.comNAPERVILLE, Ill., April 13 (Reuters) - It is too early yet for U.S. corn and soybean planting to be in full...

Cameron County News Online

© 2021 Salt Lake City News Now

Navigate Site

  • Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer

Follow Us

No Result
View All Result
  • Home
  • DMCA Policy
  • Medical Disclaimer
  • Privacy Policy
  • Disclosure
  • CCPA
  • Terms of Use

© 2021 Salt Lake City News Now

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT