US Fed expected to hold off on rate hike as economy picks up

Last Updated: Tuesday, June 16, 2015, 22:41

Analysts expect the Federal Reserve to hold off on raising interest rates as it opens a two-day policy meeting on Tuesday, despite the economy`s rebound from a winter stall.

Gold hit by strong US data, but poised for weekly gain

Last Updated: Friday, June 12, 2015, 09:36

Gold clung to overnight losses on Friday, hurt by strong U.S. economic data that bolstered prospects of higher interest rates, but the metal looked set to snap a three-week losing streak on earlier gains from a softer dollar.

US job growth surges, wages push higher in May

Last Updated: Friday, June 5, 2015, 19:00

Nonfarm payrolls increased 280,000 last month, the largest gain since December, the Labor Department said on Friday.

Federal Reserve should delay rate hike to 2016: IMF

Last Updated: Thursday, June 4, 2015, 19:09

The International Monetary Fund on Thursday called on the US Federal Reserve to put off its planned interest rate increase until next year.

Gold price holds above 2-1/2-week low but set for second weekly drop

Last Updated: Friday, May 29, 2015, 13:09

Gold was hovering above a 2-1/2-week low on Friday as the dollar gave back some of its recent gains, but the metal was still headed for a second straight weekly decline on the prospect of higher U.S. interest rates.

Gold steadies off two-week low as dollar rally loses steam

Last Updated: Thursday, May 28, 2015, 09:05

Gold was steady after initially falling to a two-week low on Wednesday, as the dollar retreated from a one-month high, but the precious metal remained under pressure from expectations that a U.S. rate increase may come soon.

Gold price holds near two-week low after worst day since April

Last Updated: Wednesday, May 27, 2015, 08:56

Gold held near a two-week trough early on Wednesday after sliding almost 2 percent in the previous session as strong U.S. data suggested the Federal Reserve may be on course to raise interest rates this year.

Gold price drops more than 1 percent as dollar rally continues

Last Updated: Tuesday, May 26, 2015, 16:33

Gold fell more than 1 percent on Tuesday as the dollar extended gains following stronger U.S. inflation data and comments from Federal Reserve Chair Janet Yellen that reinforced the central bank`s tightening bias on monetary policy.

Gold sits tight near $1,200 as dollar climbs to one-month high

Last Updated: Tuesday, May 26, 2015, 09:39

Gold was stuck in a tight trading range above $1,200 an ounce on Tuesday, as the dollar jumped to a fresh one-month peak against a basket of major currencies on the prospect of higher U.S. interest rates this year.

Gold struggles near $1,200 on Yellen comments, robust dollar

Last Updated: Monday, May 25, 2015, 09:59

Spot gold had slipped 0.1 percent to $1,204.55 an ounce by 0335 GMT, close to $1,201.20, the metal`s lowest since May 13 reached in the previous session.

US Fed on track to hike rates as economic headwinds wane: Janet Yellen

Last Updated: Saturday, May 23, 2015, 09:25

The confident tone suggested the Fed wants to set the stage as early as possible for its first rate rise in nearly a decade, with Yellen stressing that monetary policy must get out ahead of an economy whose future looks bright.

Wall Street ends lower after Yellen comments fail to inspire

Last Updated: Saturday, May 23, 2015, 08:37

In a speech, Yellen said a rate hike would be warranted this year if the economy keeps improving as expected. She also said it would take several years to return to normal interest rates.