U.S. gold futures rose 0.1% to $1,954.30 an ounce. The US dollar weakened 0.1% against its rivals, making gold cheaper for foreign buyers, ahead of key policy decisions by the central banks of the US, Britain and Japan during the week. U.S. Federal Reserve officials, who have tentatively considered the possibility of curbing inflation without a recession, face an auto workers’ strike, a possible federal government shutdown and a reduction in student loans this week to consumers, which poses new risks to this best-case scenario.
European Central Bank policymakers want to soon start discussing how to tackle the billions of euros of excess liquidity circulating around banks, with a possible first step by increasing reserve requirements, six sources told Reuters. Reuters. Hecla Mining said Monday that production at its Idaho mine, which reported a fire earlier, would likely remain suspended throughout this year, prompting the company to lower its silver production forecast for this year. period. Spot silver edged up 0.1 percent to $23.24 an ounce, platinum was flat at $933.10 and palladium jumped 1.1 percent to $1,249.07.
Download the Economic Times News app to get daily market updates and live business news.
Most Trending Stocks: Sensex Today Live, SBI Stock Price, Axis Bank Stock Price, HDFC Bank Stock Price, Infosys Stock Price, Wipro Stock Price, Stock Price NTPC action
U.S. gold futures rose 0.1% to $1,954.30 an ounce. The US dollar weakened 0.1% against its rivals, making gold cheaper for foreign buyers, ahead of key policy decisions by the central banks of the US, Britain and Japan during the week. U.S. Federal Reserve officials, who have tentatively considered the possibility of curbing inflation without a recession, face an auto workers’ strike, a possible federal government shutdown and a reduction in student loans this week to consumers, which poses new risks to this best-case scenario.
European Central Bank policymakers want to soon start discussing how to tackle the billions of euros of excess liquidity circulating around banks, with a possible first step by increasing reserve requirements, six sources told Reuters. Reuters. Hecla Mining said Monday that production at its Idaho mine, which reported a fire earlier, would likely remain suspended throughout this year, prompting the company to lower its silver production forecast for this year. period. Spot silver edged up 0.1 percent to $23.24 an ounce, platinum was flat at $933.10 and palladium jumped 1.1 percent to $1,249.07.
Download the Economic Times News app to get daily market updates and live business news.
Most Trending Stocks: Sensex Today Live, SBI Stock Price, Axis Bank Stock Price, HDFC Bank Stock Price, Infosys Stock Price, Wipro Stock Price, Stock Price NTPC action