Thursday, October 2, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Leadership

Gold flat as investors focus on Fed minutes

by Yurie Miyazawa
in Leadership
Gold flat as investors focus on Fed minutes
Share on FacebookShare on Twitter


GOLD prices were flat on Wednesday (Jul 3) as investors awaited minutes of the Federal Reserve’s last policy meeting for fresh cues on when the US central bank will start cutting interest rates.

Spot gold was nearly unchanged at US$2,329.66 per ounce, as at 0152 GMT. US gold futures gained 0.2 per cent to US$2,338.70.

The gold market has been steady and holding in a narrow range for a few weeks now, said Marex analyst Edward Meir, adding that bullion prices might move higher later this year with all these elections up in the air.

Ahead of the release of the Fed minutes at 1800 GMT, chair Jerome Powell said on Tuesday the United States was back on a “disinflationary path”, but policymakers needed more data before cutting rates to verify that recent weaker inflation readings provided an accurate picture of the economy.

Next on investors’ radar are the ADP employment and weekly jobless claims data scheduled to be released later in the day, and the non-farm payrolls (NFP) report due on Friday.

“The NFP release this week could shake things up (for the gold market) if we see a shift in rate-cut expectations,” said Tim Waterer, chief market analyst at KCM Trade.

BT in your inbox

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

“The jobs figures this week will tell the story as to whether we are looking at a potential September or November rate cut.”

Traders are currently pricing in about a 67 per cent chance of a Fed rate cut in September, according to CME FedWatch Tool.

Lower interest rates reduce the opportunity cost of holding non-yielding bullion.

Meanwhile, a private-sector survey showed that China’s services activity expanded at the slowest pace in eight months and confidence hit a four-month low in June.

Among other metals, spot silver rose 0.3 per cent to US$29.60 per ounce, platinum climbed 0.6 per cent to US$996.70 and palladium declined 0.5 per cent to US$1,016.34. REUTERS

Tags: FedFlatFocusGoldInvestorsMinutes
Yurie Miyazawa

Yurie Miyazawa

Next Post
Skydance Media reaches preliminary Paramount merger agreement

Skydance Media reaches preliminary Paramount merger agreement

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2025 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In