Gold prices were steady on Tuesday, as traders refused to commit in either direction in the absence of market-moving catalysts. Spot gold held its ground at $1,824.51 per ounce, as of 0246 GMT. U.S. gold futures were flat at $1,824.50. A move by Britain, the United States, Japan and Canada to ban new imports of Read More
Gold edged up on Friday as the dollar retreated and recession fears buoyed its safe-haven appeal, but looming interest rates hikes set the non-yielding asset on course for a weekly dip. Spot gold rose 0.1% to $1,824.69 per ounce, after earlier touching a one-week low of $1,816.10. U.S. gold futures settled up at $1,830.3. Boosting Read More
Oil prices fell 2% in early trade on Thursday, extending losses from the previous day, as investors worried that aggressive U.S. interest rate hikes could trigger a recession and dent fuel demand. U.S. West Texas Intermediate (WTI) crude futures fell $2.39, or 2.3%, to $103.80 a barrel by 0031 GMT. Brent crude futures dropped $2.24, Read More
Gold prices eased on Tuesday as headwinds from an uptick in U.S. Treasury yields amid prospects of more interest rate hikes offset support from a retreat in the dollar. Spot gold fell 0.1% to $1,836.12 per ounce by 1006 GMT. U.S. gold futures were flat at $1,839.50. The dollar, which has actually been the key Read More
Gold inched up in choppy trade on Wednesday as concerns over economic growth boosted the metal’s safe-haven appeal ahead of U.S. inflation data that could guide the Federal Reserve’s rate hike timeline. Spot gold rose marginally higher to $1,852.25 per ounce whileU.S. gold futures settled up 0.17% at $1,855.3. “We’re seeing this push-pull mentality in Read More
Gold prices fell on Monday, pressured by an uptick in the U.S. dollar and Treasury yields, as attention turned to U.S. inflation data this week that could strengthen the case for aggressive interest rate hikes by the Federal Reserve. Spot gold was down 0.5% at $1,841.29 per ounce by 2:03 p.m. EDT (1803 GMT), while Read More
Gold prices fell on Friday, pressured by a stronger dollar and as better-than-expected U.S. jobs data raised concerns of aggressive monetary policy tightening. Spot gold fell 1% to $1,848.67 per ounce by 1759 GMT, after earlier falling to $1,846.4. U.S. gold futures settled down 1.1% at $1,850.2. Data showed U.S. employers hired more workers than Read More
Gold prices were headed for a third straight weekly gain on Friday, although they eased slightly on the day as investors waited for the key U.S. jobs report and as Treasury yields ticked higher. Spot gold was 0.2% lower at $1,864.49 per ounce by 0953 GMT, after hitting its highest level since May 9 at Read More
Gold prices rose from a two-week low on Wednesday as investors looked toward the safe-haven metal amid worries over an increase in inflation primarily due to rising fuel prices, although a stronger dollar and higher U.S. yields kept gains in check. Spot gold rose 0.6% to $1,847.39 per ounce by 1:50 p.m. ET (1750 GMT), Read More
Gold prices slid to a two-week low on Wednesday on a stronger dollar and U.S. Treasury yields amid renewed global inflation concerns that could prompt aggressive monetary policy measures. Spot gold was down 0.33% to $1,831.10 per ounce by 1006 GMT, after hitting its lowest since May 19 at $1,827.80. U.S. gold futures were down Read More
