Tag Fed

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U.S. industrial production increased in September

The Federal Reserve reported that overall U.S. industrial production rose 0.4% in September after falling 0.1% in August. Manufacturing production rose by 0.4% in September, following a 0.4% increase in August. Mining production rose 0.6% in September, while utilities fell…

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Gold falls $34.1 on strong dollar and Fed rate hike concerns

Gold futures fell for the second day in a row on Monday (Oct. 10) as investors remained concerned that higher-than-expected U.S. non-farm payrolls data could prompt the Federal Reserve to raise interest rates further. In addition, the appreciation of the…

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Weak dollar and safe haven buying send gold up $28.5

Gold futures closed higher for a third straight day on Tuesday (Oct. 4) as the dollar weakened and a drop in U.S. Treasury yields continued to support the market. The dollar index against the six major currencies in a basket…

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Gold price and dollar rise slightly

Gold futures closed higher on Tuesday (Sept. 27), supported by a slight dollar appreciation. Investors remain concerned about the Federal Reserve (Fed) rate hike. The dollar index against the six major currencies in a basket of currencies rose only 0.0009%,…

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