InstaForex InstaForex
News

Gold Nudges Higher As Evans Talks Rate Hikes

Gold futures inched higer Monday, addng to last week's gains despite hawkish comments from Chicago Federal Reserve President Charles Evans.

"I think three is entirely possible, as I gain more confidence in the outlook I could support three total this year. If inflation began to pick up, that would certainly solidify my report. It could be three, it could be two, it could be four if things really pick up," Evans told the FOX Business Network.

On the other hand, in an interview on CNBC's "Squawk Box," Minneapolis Fed President Neel Kashkari said he voted against the rate hike because inflation is still below the central bank's 2 percent target.

April gold was up $4 at $1233 an ounce.

Recommend: Forex News
 
Japan Supermarket Sales Fall In June
2017-07-24 09:27:00 UTC+00 13 hours, 25 min. ago  
Views today: 862 
Canadian Dollar Advances As Oil Prices Rally On Saudi Pledge To...
2017-07-24 14:17:00 UTC+00 8 hours, 35 min. ago  
Views today: 845 
Canadian Dollar Advances Against Most Majors
2017-07-24 08:35:00 UTC+00 14 hours, 17 min. ago  
Views today: 899 
Taiwan Jobless Rate Falls As Expected In June
2017-07-24 09:37:00 UTC+00 13 hours, 15 min. ago  
Views today: 795 
U.S. Existing Home Sales Drop More Than Expected In June
2017-07-24 15:03:00 UTC+00 7 hours, 49 min. ago  
Views today: 839 

Support and resistance levels

EUR/USD
GBP/USD
USD/JPY
GBP/JPY
EUR/CHF
AUD/USD
Jul 24 at 22:52 UTC
Start trading with
no risks and investments
With new Start-Up Bonus of $2500