{"id":23227,"date":"2023-06-15T21:45:12","date_gmt":"2023-06-16T01:45:12","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/commodities\/gold-muted-on-mixed-fed-cues-copper-boosted-by-china-rate-cuts\/"},"modified":"2023-06-15T21:45:14","modified_gmt":"2023-06-16T01:45:14","slug":"gold-muted-on-mixed-fed-cues-copper-boosted-by-china-rate-cuts","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=23227","title":{"rendered":"Gold muted on mixed Fed cues, copper boosted by China rate cuts"},"content":{"rendered":"
\n

Investing.com– Gold prices moved little on Friday as markets weighed contrasting expectations for more rate hikes from the Federal Reserve, while copper was set for a strong weekly finish on more stimulus measures from top importer China.<\/p>\n

Gold heads for muted weekly close<\/h2>\n

While gold saw large swings this week, the yellow metal stayed largely within a tight trading range seen over the past month, as mixed signals from the Fed and the U.S. economy offered little cues for a breakout in either direction.<\/p>\n

was flat at $1,958.26 an ounce, while steadied at $1,970.45 an ounce by 20:27 ET (00:27 GMT). Both instruments were set to end the week between 0.1% and 0.3% lower.<\/p>\n

The Fed steady on Wednesday, and flagged at least two more rate hikes this year as it moves to curb high inflation.\u00a0<\/p>\n

But a slew of U.S. economic data- including soft , higher-than-expected and weak fueled bets that the central bank will have limited economic headroom to keep raising interest rates.\u00a0<\/p>\n

While gold was initially sold off after the Fed decision, it recouped most losses on Thursday as traders reassessed their outlook for more rate hikes. But the yellow metal still failed to break out of a $1,930 to $2,000 trading range it had settled into for the past month.<\/p>\n

Still, an extended pause in the Fed\u2019s rate hike cycle bodes well for the yellow metal, given that rising interest rates push up the opportunity cost of holding non-yielding assets.<\/p>\n

Copper supported by Chinese rate cuts\u00a0<\/h2>\n

Copper prices steadied on Friday, but were headed for their best week in nearly three months as markets bet on a demand recovery in China after the country began further trimming interest rates to support economic growth.<\/p>\n

China trimmed medium and short-term lending rates this week, and is expected to cut its key next week, as Beijing struggles to shore up a slowing post-COVID economic recovery.<\/p>\n

The move pushed up commodity prices across the board, on the hopes that improving economic conditions in China will fuel the country\u2019s appetite for resource imports.<\/p>\n

steadied at $3.8928 a pound, and were up 2.7% for the week. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Investing.com– Gold prices moved little on Friday as markets weighed contrasting expectations for more rate hikes from the Federal Reserve, while copper was set for a strong weekly finish on more stimulus measures from top importer China. Gold heads for muted weekly close While gold saw large swings this week, the yellow metal stayed largely […]<\/p>\n","protected":false},"author":1,"featured_media":23228,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[242],"tags":[83],"class_list":["post-23227","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-commodities","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nGold muted on mixed Fed cues, copper boosted by China rate cuts | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Investing.com-- Gold prices moved little on Friday as markets weighed contrasting expectations for more rate hikes from the Federal Reserve, while copper\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=23227\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold muted on mixed Fed cues, copper boosted by China rate cuts | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Investing.com-- Gold prices moved little on Friday as markets weighed contrasting expectations for more rate hikes from the Federal Reserve, while copper\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=23227\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-16T01:45:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-16T01:45:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/moved_LYNXNPEI3O02P_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"548\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=23227#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=23227\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Gold muted on mixed Fed cues, copper boosted by China rate cuts\",\"datePublished\":\"2023-06-16T01:45:12+00:00\",\"dateModified\":\"2023-06-16T01:45:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=23227\"},\"wordCount\":365,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Commodities\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=23227#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=23227\",\"url\":\"https:\/\/ifintechworld.com\/?p=23227\",\"name\":\"Gold muted on mixed Fed cues, copper boosted by China rate cuts | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-06-16T01:45:12+00:00\",\"dateModified\":\"2023-06-16T01:45:14+00:00\",\"description\":\"Investing.com-- Gold prices moved little on Friday as markets weighed contrasting expectations for more rate hikes from the Federal Reserve, while copper\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=23227#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=23227\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=23227#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gold muted on mixed Fed cues, copper boosted by China rate cuts\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Gold muted on mixed Fed cues, copper boosted by China rate cuts | iFintechWorld","description":"Investing.com-- Gold prices moved little on Friday as markets weighed contrasting expectations for more rate hikes from the Federal Reserve, while copper","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=23227","og_locale":"en_US","og_type":"article","og_title":"Gold muted on mixed Fed cues, copper boosted by China rate cuts | iFintechWorld","og_description":"Investing.com-- Gold prices moved little on Friday as markets weighed contrasting expectations for more rate hikes from the Federal Reserve, while copper","og_url":"https:\/\/ifintechworld.com\/?p=23227","og_site_name":"iFintechWorld","article_published_time":"2023-06-16T01:45:12+00:00","article_modified_time":"2023-06-16T01:45:14+00:00","og_image":[{"width":800,"height":548,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/moved_LYNXNPEI3O02P_L.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=23227#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=23227"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Gold muted on mixed Fed cues, copper boosted by China rate cuts","datePublished":"2023-06-16T01:45:12+00:00","dateModified":"2023-06-16T01:45:14+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=23227"},"wordCount":365,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Commodities"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=23227#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=23227","url":"https:\/\/ifintechworld.com\/?p=23227","name":"Gold muted on mixed Fed cues, copper boosted by China rate cuts | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-06-16T01:45:12+00:00","dateModified":"2023-06-16T01:45:14+00:00","description":"Investing.com-- Gold prices moved little on Friday as markets weighed contrasting expectations for more rate hikes from the Federal Reserve, while copper","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=23227#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=23227"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=23227#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Gold muted on mixed Fed cues, copper boosted by China rate cuts"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/23227","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23227"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/23227\/revisions"}],"predecessor-version":[{"id":23229,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/23227\/revisions\/23229"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/23228"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}