Gold prices hit its highest in almost nine months on Tuesday before pulling back as investors waiting for more developments in the Ukraine crisis repositioned near the pivotal $1,900 an ounce mark. Spot gold was down 0.2% at $1,902.71 per ounce by 14:06 ET (1906 GMT), having hit its highest since June 1 at $1,913.89. Read More
Oil prices took a breather on Wednesday after surging to seven-year highs the previous session as it became clear the first wave of U.S. and European sanctions on Russia for sending troops into eastern Ukraine would not disrupt oil supplies. At the same time, the potential return of more Iranian crude to the market, with Read More
Gold prices fell from a more than eight-month high hit earlier on Monday, as safe-haven demand eased after the U.S. president agreed to meet his Russian counterpart over the Ukraine crisis. Fundamentals Spot gold fell 0.2% to $1,893.80 per ounce by 0139 GMT, retreating from $1,908.02 — its highest since June 3 hit earlier in Read More
Gold prices fell from a more than eight-month high hit earlier on Monday, as safe-haven demand eased after the U.S. president agreed to meet his Russian counterpart over the Ukraine crisis. Spot gold fell 0.2% to $1,893.80 per ounce by 0139 GMT, retreating from $1,908.02 — its highest since June 3 hit earlier in the session. U.S. Read More
Gold prices rose on Wednesday after the United States said Russia was still building up troops around Ukraine. Spot gold, which on Tuesday hit the highest level since June 2021 at around $1,879 per ounce, added 0.9% to $1,869.56. U.S. gold futures settled down 0.8% at $1,871.50. “Gold is attracting a wide range of investors Read More
Precious metals fell on Tuesday with gold slipping from a multi-month high and palladium shedding more than 5% as news that some Russian troops near Ukraine were returning to their bases dented demand for safe-haven assets. Spot gold was down 0.8% at $1,855.06 per ounce by 01:57 p.m. ET (1857 GMT), after hitting its highest Read More
Gold prices were steady on Friday, as bullion’s appeal as an inflation hedge was partially capped by hawkish comments from a U.S. Federal Reserve official that ramped up odds for a hefty interest rate hike next month and also lifted Treasury yields. Spot gold held its ground at $1,825.62 per ounce, as of 0328 GMT, Read More
Gold prices were stuck in a tight range on Thursday as investors awaited U.S. inflation data that could offer fresh clues about the pace of the Federal Reserve’s monetary policy tightening. Spot gold rose 0.1% to $1,833.99 per ounce by 0424 GMT, trading close to Wednesday’s high of $1,835.60. U.S. gold futures fell 0.1% to $1,835.40. Due out Read More
Gold prices rose on Monday, as growing worries over broadening price pressures lifted the metal’s appeal as an inflation hedge and helped cushion pressure from higher U.S. Treasury yields after a surprisingly upbeat jobs report. Spot gold rose 0.2% to $1,810.38 per ounce by 0129 GMT, hovering close to its highest nearly a week reached last Read More
Gold was steady on Wednesday above the $1,800 psychological level as concerns surrounding Ukraine supported the safe-haven metal, while investors awaited U.S. jobs data that is considered key for the Federal Reserve’s tapering timeline. Spot gold held its ground at $1,801.25 per ounce, as of 0102 GMT. In the previous session, bullion touched $1,805.43 as Read More
Gold prices were flat on Tuesday, as a weaker dollar countered concerns about potential interest rate hikes, while investors waited for a slew of economic data to gauge the strength of global economies. Spot gold was little changed at $1,797.94 per ounce by 0140 GMT. U.S. gold futures were up 0.2% at $1,799.10. The dollar index Read More
