{"id":66248,"date":"2023-09-28T01:46:58","date_gmt":"2023-09-28T05:46:58","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/commodities\/gold-prices-wallow-under-1900-as-fed-fears-buoy-dollar-yields\/"},"modified":"2023-09-28T01:47:01","modified_gmt":"2023-09-28T05:47:01","slug":"gold-prices-wallow-under-1900-as-fed-fears-buoy-dollar-yields","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=66248","title":{"rendered":"Gold prices wallow under $1,900 as Fed fears buoy dollar, yields"},"content":{"rendered":"
\n

Investing.com– Gold prices moved little on Thursday, but hovered around six-month lows as concerns over rising U.S. interest rates kept investors largely biased to the dollar, while Treasury yields also surged.\u00a0<\/p>\n

Both and slid below the key $1,900 an ounce level this week, as a rally in the dollar and Treasury yields showed little signs of slowing. The was at a 10-month high, while reached a 16-year peak.\u00a0<\/p>\n

Sentiment worsened as oil prices jumped to 2023 highs on Wednesday, which markets feared could factor into stickier inflation and keep interest rates higher for longer. Fears of a U.S. government shutdown also kept investors largely biased towards safe haven assets.<\/p>\n

But the dollar was the key benefactor of increased safe haven demand, especially as the Federal Reserve flagged higher for longer interest rates. Markets are now pricing in an at least by the Fed in December, while rates are set to remain above 5% in 2024.\u00a0<\/p>\n

Spot gold fell 0.1% to $1,874.29 an ounce, while gold futures expiring in December were flat at $1,890.95 an ounce by 00:26 ET (04:26 GMT). Both instruments were at their weakest levels since mid-March.\u00a0<\/p>\n

Other precious metal prices were also hit by strength in the dollar, with down nearly 5% this week, while fell 4% this week.\u00a0<\/p>\n

Gold set for steep September losses<\/h2>\n

Gold prices were now set for an over 3% slump in September, their worst monthly performance since February.\u00a0<\/p>\n

Higher interest rates bode poorly for the yellow metal, given that they push up the opportunity cost of investing in non-yielding assets. This trend had battered gold through 2022, and has also limited the yellow metal\u2019s gains this year.<\/p>\n

Gold also has little scope for recovery, with U.S. rates set to remain above 5% until at least end-2024.\u00a0<\/p>\n

Copper sinks as China fears persist\u00a0<\/h2>\n

Among industrial metals, copper prices fell further on Thursday, amid fears that higher interest rates will dent economic activity in the coming months.<\/p>\n

fell 0.4% to $3.6292 a pound, and were close to their weakest levels since mid-March.\u00a0<\/p>\n

Concerns over an economic slowdown in top importer China also weighed on copper, as media reports outlined more government scrutiny against embattled property developer China Evergrande <\/span><\/span> Group (HK:).\u00a0<\/p>\n

Copper was also set to lose 5% in September.<\/p>\n<\/div>\n

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

Investing.com– Gold prices moved little on Thursday, but hovered around six-month lows as concerns over rising U.S. interest rates kept investors largely biased to the dollar, while Treasury yields also surged.\u00a0 Both and slid below the key $1,900 an ounce level this week, as a rally in the dollar and Treasury yields showed little signs […]<\/p>\n","protected":false},"author":1,"featured_media":2969,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[242],"tags":[83],"class_list":["post-66248","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-commodities","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nGold prices wallow under $1,900 as Fed fears buoy dollar, yields | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Investing.com-- Gold prices moved little on Thursday, but hovered around six-month lows as concerns over rising U.S. interest rates kept investors largely\" \/>\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=66248\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold prices wallow under $1,900 as Fed fears buoy dollar, yields | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Investing.com-- Gold prices moved little on Thursday, but hovered around six-month lows as concerns over rising U.S. interest rates kept investors largely\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=66248\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-28T05:46:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-28T05:47:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/LYNXNPEAAJ0FF_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"536\" \/>\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=66248#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=66248\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Gold prices wallow under $1,900 as Fed fears buoy dollar, yields\",\"datePublished\":\"2023-09-28T05:46:58+00:00\",\"dateModified\":\"2023-09-28T05:47:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=66248\"},\"wordCount\":378,\"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=66248#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=66248\",\"url\":\"https:\/\/ifintechworld.com\/?p=66248\",\"name\":\"Gold prices wallow under $1,900 as Fed fears buoy dollar, yields | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-09-28T05:46:58+00:00\",\"dateModified\":\"2023-09-28T05:47:01+00:00\",\"description\":\"Investing.com-- Gold prices moved little on Thursday, but hovered around six-month lows as concerns over rising U.S. interest rates kept investors largely\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=66248#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=66248\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=66248#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gold prices wallow under $1,900 as Fed fears buoy dollar, yields\"}]},{\"@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 prices wallow under $1,900 as Fed fears buoy dollar, yields | iFintechWorld","description":"Investing.com-- Gold prices moved little on Thursday, but hovered around six-month lows as concerns over rising U.S. interest rates kept investors largely","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=66248","og_locale":"en_US","og_type":"article","og_title":"Gold prices wallow under $1,900 as Fed fears buoy dollar, yields | iFintechWorld","og_description":"Investing.com-- Gold prices moved little on Thursday, but hovered around six-month lows as concerns over rising U.S. interest rates kept investors largely","og_url":"https:\/\/ifintechworld.com\/?p=66248","og_site_name":"iFintechWorld","article_published_time":"2023-09-28T05:46:58+00:00","article_modified_time":"2023-09-28T05:47:01+00:00","og_image":[{"width":800,"height":536,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/LYNXNPEAAJ0FF_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=66248#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=66248"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Gold prices wallow under $1,900 as Fed fears buoy dollar, yields","datePublished":"2023-09-28T05:46:58+00:00","dateModified":"2023-09-28T05:47:01+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=66248"},"wordCount":378,"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=66248#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=66248","url":"https:\/\/ifintechworld.com\/?p=66248","name":"Gold prices wallow under $1,900 as Fed fears buoy dollar, yields | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-09-28T05:46:58+00:00","dateModified":"2023-09-28T05:47:01+00:00","description":"Investing.com-- Gold prices moved little on Thursday, but hovered around six-month lows as concerns over rising U.S. interest rates kept investors largely","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=66248#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=66248"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=66248#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Gold prices wallow under $1,900 as Fed fears buoy dollar, yields"}]},{"@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\/66248","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=66248"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/66248\/revisions"}],"predecessor-version":[{"id":66249,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/66248\/revisions\/66249"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/2969"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=66248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=66248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=66248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}