Gold firms near 2-1/2-month high as early Fed taper fears ebb

  • 📰 staronline
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 75%

Malaysia Headlines News

Malaysia Latest News,Malaysia Headlines

BENGALURU: Gold prices inched up on Monday, hovering close to a 2-1/2-month peak after disappointing U.S. jobs data raised hopes the Federal Reserve could wait a bit longer to pare its stimulus measures.

Spot gold rose 0.1% to $1,827.82 per ounce by 0646 GMT. In the previous session, prices hit their highest since June 16 at $1,833.80.Gold is being supported by the notion that the Fed will be slower to taper than previously thought, and a weak U.S. dollar, said IG Market analyst Kyle Rodda.

Fed Chair Jerome Powell had hinted last month that strong jobs recovery was a pre-requisite for the central bank to start paring back its asset purchases. After the data all gold could manage was a modest rally that never threatened the major resistance zone lying between $1830.00 and $1834.00, Jeffrey Halley, a senior market analyst, Asia Pacific at OANDA said in a note.The dollar index hovered near a one-month trough versus major peers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gold watch, not a Rolex, helps to tell prayer time, minister tells Siti KassimIdris Ahmad says he has been wearing it for a long time. sitikasim tu la.. Xpenah solat..aurat pun xreti tutup.. Kalau cantik xpe..muka cam labi.. Astu nk kutuk orang. Tengok cermin len kali ya mak lampir 🙄 Haram, a man wear gold.
Source: malaysiakini - 🏆 20. / 51 Read more »

Long jumper Latif bags Malaysia's third and final goldPETALING JAYA: Abdul Latif Romly sustained an injury but managed to do enough to successfully retain his men's long jump T20 gold and help Malaysia achieve its three-gold medal target at the Tokyo Paralympics on Saturday.
Source: staronline - 🏆 4. / 75 Read more »

Abdul Latif bags gold for Malaysia in men's long jumpThis is M'sia's third gold at the Paralympic Games this year. Well done, so so proud of you Congratulations 👏🏻👏🏻👏🏻👏🏻
Source: malaysiakini - 🏆 20. / 51 Read more »

Long jumper Abdul Latif delivers Malaysia's third Paralympics gold | Malay MailTOKYO, Sept 4 — Defending champion Abdul Latif Romly rocked the athletics arena at the Olympic Stadium here today when he bagged his second Paralympic gold medal in the men’s long jump T20 (intellectual impairment) category at the Tokyo Paralympics. The athlete, who hails from Perlis and who... congrats. you're the best
Source: malaymail - 🏆 1. / 86 Read more »

‘Hurricane Hannah’, ‘Paralympics Bolt’ strike gold as pandemic Games lauded | Malay MailTOKYO, Sept 4 — Hannah Cockroft and Nick Mayhugh enjoyed yet more golden success on the athletics track as the successful staging of the Games was lauded as “remarkable” on today’s penultimate day of Paralympics action in Tokyo. Britain’s Cockroft won her seventh Paralympics gold while...
Source: malaymail - 🏆 1. / 86 Read more »

Dr Wee congratulates long jumper Abdul Latif Romly for Malaysia’s third gold in Tokyo ParalympicsPETALING JAYA: MCA president Datuk Seri Dr Wee Ka Siong has congratulated long jumper Abdul Latif Romly for bringing home Malaysia’s third gold medal in the Tokyo Paralympic Games.
Source: staronline - 🏆 4. / 75 Read more »