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Market Minutes
Read snapshots of the latest market news
Gold drops as China’s PBOC halts buying
China's PBOC reported unchanged gold holdings in May, ending an 18-month buying streak.
10 Jun 2024, 08:18
Stronger-than-expected job growth pressures gold
Market expects less dovish stance from the Federal Reserve
7 Jun 2024, 12:54
ECB cuts rates to 3.75%, future moves unclear
The ECB cuts its deposit rate to 3.75% but leaves future policy moves uncertain amid an improved inflation outlook.
6 Jun 2024, 13:31
Bank of Canada cuts rates for first time in four years
The Bank of Canada reduced its key interest rate by 25 basis points to 4.75% in June 2024, marking an end to 11 months of peak rates. The decision follows lower-than-expected GDP growth and signs of easing inflation.
5 Jun 2024, 14:11
PCE matches expectations as gold holds steady around $2,360
PCE at 2.7% YoY, matching both expectations and the previous month
31 May 2024, 13:57
US Q1 GDP growth revised to 1.3%
Futures trimmed losses after US first-quarter GDP was revised down to 1.3%, as expected. Initial jobless claims rose to 219,000.
30 May 2024, 13:25
Gold faces pressure in Asian session
Market participants are eagerly awaiting new US economic data and upcoming speeches from Federal Reserve policymakers for further insights on future policy directions
30 May 2024, 06:50
Germany inflation rate rises to 2.4% in May
Germany's inflation rate rose to 2.4% in May, potentially not influencing the ECB's upcoming interest rate decision but the tone.
29 May 2024, 13:50
Goldman revises Fed cut timeline as economic strength persists
Goldman Sachs postpones its Fed rate cut forecast to September, citing persistent economic resilience.
24 May 2024, 14:11
Gold prices hover near two-week lows
Gold prices tumbled overnight, hovering near two-week lows around $2,336, marking the first weekly loss in three weeks.
24 May 2024, 08:34