Gold prices hover near 9-month peak

<html xmlns=""><head><title>PRECIOUS-Gold prices hover near 9-month peak</title></head><body>

Jan 25(Reuters) -Gold prices held steady on Wednesday, hovering near a nine-month peak touched in the previous session on expectations of slower interest rate hikes from the U.S. Federal Reserve.


* Spot gold XAU= was flat at $1,936.39 per ounce, as of 0020 GMT. Prices hit their highest since late April 2022 on Tuesday.

* U.S. gold futures GCv1 were up 0.1% at $1,938.10.

* Investors are mostly expecting the Fed to raise rates by 25 basis points (bps) at its policy meeting next week. The U.S. central bank slowed its pace to 50 bps in December, following four straight 75-bp hikes.

* With lower rates translating into lesser returns on interest-bearing assets like government bonds, investors may prefer zero-yield gold.

* Market focus is now on the U.S. fourth quarter GDP growth estimates on Thursday.

* U.S. business activity contracted for the seventh straight month in January, though the downturn moderated across both the manufacturing and services sectors for the first time since September and business confidence strengthened as the new year began.

* Swiss exports of gold to countries including China, Turkey, Singapore and Thailand surged to multi-year highs in 2022, Swiss customs data showed on Tuesday.

* Australia's Newcrest Mining NCM.AX said gold production fell 2.8% in the second quarter from the first, missing analyst expectations, after operations were suspended at its Brucejack operations in Canada following a fatality.

* Spot silver XAG= slipped 0.4% to $23.57 per ounce, platinum XPT= lost 0.3% at $1,053.43, and palladium XPD= fell 0.2% to $1,739.68.


0500 Japan Chain Store Sales YY Dec

0500 Japan Leading Indicator Revised Nov

0900 Germany Ifo Business Climate New Jan

0900 Germany Ifo Curr Conditions New Jan

0900 Germany Ifo Expectations New Jan

1100 France Unemp Class-A SA Dec

Reporting by Ashitha Shivaprasad in Bengaluru; Editing by Rashmi Aich


免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。


本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。