Gold Prices Swing on Fed Meeting, Oil, Jobs Data
Raleigh News Today | 2 Min News | The Daily News Now! · The Daily News Now!
Audio is streamed directly from the publisher (api.fastcast.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Gold investors await Federal Reserves March meeting, with Chair Jerome Powells comments potentially swaying gold prices. Spot gold hovers around $5,050 an ounce, down 1% for the week, amid a stronger dollar. The meeting is significant due to high oil prices, job losses, and persistent inflation. Analysts predict mixed signals could push prices lower or higher, depending on Powells stance on oil and cut projections. Central banks annual purchases of over 1,000 tonnes provide a solid floor for long-term demand.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
[email protected]
This is an automated, high-level news summary based on public reporting.
Report issues to [email protected].
View sources & latest updates:
https://sources.thednn.ai/ab5cd9fc88dfeb87