The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
DOWNLOAD
investment-ss-3
Economic Updates
Policy rate views: Uncertainty stalls cuts
DOWNLOAD
grocery-2-aa
Economic Updates
Inflation Update: BSP poised for a string of rate cuts as inflation cools
DOWNLOAD
View all Reports
Metrobank.com.ph Contact Us
Follow us on our platforms.

How may we help you?

TOP SEARCHES
  • Where to put my investments
  • Reports about the pandemic and economy
  • Metrobank
  • Webinars
  • Economy
TRENDING ARTICLES
  • Investing for Beginners: Following your PATH
  • On government debt thresholds: How much is too much?
  • Philippines Stock Market Outlook for 2022
  • No Relief from Deficit Spending Yet

Login

Access Exclusive Content
Login to Wealth Manager
Visit us at metrobank.com.ph Contact Us
Access Exclusive Content Login to Wealth Manager
Search
The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
May 8, 2025 DOWNLOAD
investment-ss-3
Economic Updates
Policy rate views: Uncertainty stalls cuts
May 8, 2025 DOWNLOAD
grocery-2-aa
Economic Updates
Inflation Update: BSP poised for a string of rate cuts as inflation cools
May 6, 2025 DOWNLOAD
View all Reports
Markets 2 MIN READ

Gold ticks up on softer dollar as investors eye Fed strategy

July 27, 2022By Reuters
Related Articles
BRIEF-Citicore Energy REIT Corp Entered Into Deed Of Absolute Sale With Citicore Bulacan March 30, 2022 Gold gains nearly 1% as investors zero in on Fed cuts, inflation data August 30, 2024 Gold extends decline as dollar gains upper hand September 6, 2023

July 27 (Reuters) – Gold inched up on Wednesday helped by a fall in the dollar, but caution over the Federal Reserve’s policy tightening plan kept bullion prices range-bound.

Spot gold rose 0.2% to USD 1,720.57 per ounce by 1100 GMT. US gold futures were little changed at USD 1,719.60.

The dollar eased, increasing gold’s appeal among buyers holding other currencies.

The US central bank is expected to raise interest rates by another 75 basis points (bps) at the conclusion of its two-day policy meeting later on Wednesday.

More than the rate hike, the focus is on the guidance from Fed chairman Jerome Powell, and gold is likely to retest lows in the absence of a dovish pivot, said Michael Hewson, chief market analyst at CMC Markets UK.

Although considered a hedge against inflation, higher interest rates to tame the rising prices increase the opportunity cost of holding non-yielding bullion.

“Everyone now wants to know what other tools the Fed is going to use to support the economy or if it is just going to be focused on bringing down the high inflation,” said Brian Lan, managing director at dealer GoldSilver Central.

Gold has lost more than USD 300, since climbing past the USD 2,000-per-ounce level in early March, due to the Fed’s rapid rate hikes and the dollar’s recent rally, overshadowing bullion’s appeal as a safe-haven despite recession risks.

The International Monetary Fund cut global growth forecasts on Tuesday, warning downside risks from inflation and the Ukraine war could push the economy to the brink of recession if left unchecked.

Should the Fed chairman acknowledge the headwinds facing the economy and hint at a pause in its tightening drive, the dollar could weaken and offer support to gold, said Ricardo Evangelista, senior analyst at ActivTrades.

Spot silver rose 0.8% to USD 18.75 per ounce, platinum added 0.4% to USD 877.52, while palladium gained 1.1% to USD 2,031.65.

(Reporting by Arundhati Sarkar and Eileen Soreng in Bengaluru; editing by Mark Potter and Jason Neely)

This article originally appeared on reuters.com

Read More Articles About:
Worldwide News Philippine News Rates & Bonds Equities Economy Investment Tips Fine Living

You are leaving Metrobank Wealth Insights

Please be aware that the external site policies may differ from our website Terms And Conditions and Privacy Policy. The next site will be opened in a new browser window or tab.

Cancel Proceed
Get in Touch

For inquiries, please call our Metrobank Contact Center at (02) 88-700-700 (domestic toll-free 1-800-1888-5775) or send an e-mail to customercare@metrobank.com.ph

Metrobank is regulated by the Bangko Sentral ng Pilipinas
Website: https://www.bsp.gov.ph

Quick Links
The Gist Webinars Wealth Manager Explainers
Markets
Currencies Rates & Bonds Equities Economy
Wealth
Investment Tips Fine Living Retirement
Portfolio Picks
Bonds Stocks Model Portfolio
Others
Contact Us Privacy Statement Terms of Use
© 2025 Metrobank. All rights reserved.

Read this content. Log in or sign up.

​If you are an investor with us, log in first to your Metrobank Wealth Manager account. ​

If you are not yet a client, we can help you by clicking the SIGN UP button. ​

Login Sign Up