Global coal demand to remain largely stable through 2025 — IEA
In its last publication, the Agency previously predicted a decrease in demand in 2024, with a moderate decline thereafter.
Gold prices dipped for fourth straight session on Monday, as investors awaited U.S. manufacturing data amid increasing concerns that the Federal Reserve will raise interest rates next month.
Gold for immediate delivery was trading at a three-week low of f $1,137.8 an ounce in London mid-morning, down 0.36% from its opening price of $1,141.59 per once. On the Comex in New York, bullion prices opened slightly below $1,138 per ounce, sliding down to $1,133.9 at 10:30 ET.
Until recently, investor agreed that the likelihood of a rate rise this year was low. But the Fed’s comments last week made many to change their minds, sending gold prices to a four-week low, the biggest drop since August.
This week, investors will be have their eyes on US monthly non-farm payrolls data, to be released Friday and US Fed Chair Janet Yellen testimony before the US House Financial Services Committee Tuesday.
Chart courtesy of Kitco. (Click on it to expand)
Comments
rayban
The Fed timing may be really lousy or even be the ‘Light the fuse event ‘ that starts the next Gold run upward . I am in USA all my life and I have never seen the USA this slack and poor looking . Numbers can be made to lie and currently I am on the fence about it .
Typically those that make the most , buy the most , at the most well chosen times .