Gold prices rose on Friday and were on course for their best week in nearly five months, as the U.S. dollar extended its retreat in the wake of worrying U.S. economic data. Spot gold rose 0.2% to $1,759.79 per ounce. It has gained about 2% so far this week, the most since early-March. U.S. gold Read More
Gold prices extended gains on Thursday after comments from the U.S. Federal Reserve chair Jerome Powell on future interest rate hikes sounded less hawkish than feared, dragging the dollar and Treasury yields lower. Spot gold was up 0.2% at $1,737.44 per ounce, as of 0205 GMT, after rising 1% to a two-week high in the Read More
Gold prices held steady on Tuesday as bond yields fell a day before the U.S. Federal Reserve’s widely expected 75-basis-point rate hike. Spot gold was little changed at $1,719.77 per ounce by 1001 GMT. U.S. gold futures fell 0.1% to $1,718.00. “Gold is slightly higher benefiting from slightly lower U.S. interest rates,” said UBS analyst Read More
Gold prices slipped on Monday, as an elevated dollar and prospects of an aggressive interest rate hike by the U.S. Federal Reserve this week dented demand for non-yielding bullion. Fundamentals Spot gold was down 0.2% at $1,722.84 per ounce, as of 0110 GMT, after rising to a more than one-week high on Friday. U.S. gold Read More
Gold slipped into a tight range on Wednesday as a steady dollar countered limited support for bullion from expectations that the U.S. Federal Reserve may not resort to a 100-basis-point interest rate hike next week. Spot gold was down 0.96% at $1,694.59 per ounce while U.S. gold futures eased 1.06% to $1,692.5 “Gold is trading Read More
Gold steadied into a tight trading range on Wednesday, buoyed by a weaker dollar, as the market toned down chances of a 100-basis-point rate hike by the Federal Reserve next week. Spot gold was little changed at $1,711.99 per ounce by 0935 GMT. U.S. gold futures fell 0.2% to $1,707.30. While a dip in the Read More
Gold prices firmed on Monday, as a pullback in the dollar helped bullion recover some of its recent losses, while easing fears of a 100-basis-point rate hike by the U.S. Federal Reserve also supported bullion. Spot gold rose 0.8% to $1,720.81 per ounce by 0926 GMT, after falling to its lowest in nearly a year Read More
Gold prices eased on Friday and were poised for a fifth straight weekly loss, as expectations of a sizeable rate hike by the U.S. Federal Reserve powered the dollar and eroded bullion’s appeal. Spot gold firmed to $1,708.24 per ounce by 9:23 a.m. ET, but has lost about 2% so far this week. U.S. gold Read More
Gold prices steadied near an over nine-month low on Wednesday, as investors cautiously awaited U.S. inflation data for cues on the road ahead for the Federal Reserve’s monetary policy. Spot gold was 0.3% higher at $1,730.13 per ounce, after touching $1,721.98 earlier in the session, its weakest since late-September. U.S. gold futures gained 0.2% to Read More
Gold steadied on Tuesday after dropping to a nine-month low earlier as investors positioned for U.S. economic data, with a strong dollar and bets for steep interest rate hikes still keeping a leash on non-yielding bullion. Spot gold was $1,732.08 per ounce after hitting $1,722.36 earlier in the session, its lowest since Sept. 30. U.S. Read More
Gold prices edged up on Thursday from nine-month lows touched in the previous session, after a break in the dollar’s rally alleviated pressure on bullion, but analysts warned that the relief was likely to be temporary. Spot gold firmed 0.3% to $1,744.19 per ounce by 0303 GMT, as the dollar dipped slightly from the 20-year Read More
Gold prices hit a near seven-month trough on Wednesday as a stronger dollar and increasing rate-hike bets dented the zero-yielding bullion’s appeal. Spot gold fell 0.2% to $1,760.90 per ounce, after falling as much as 2.6% on Tuesday. U.S. gold futures were down 0.3% to $1,759.00. The rival safe-haven dollar climbed to a near two-decade Read More
Gold prices edged lower on Monday, as an elevated U.S. dollar hurt demand for greenback-priced bullion and also outweighed support from weakening Treasury yields. Fundamentals Spot gold was down 0.2% at $1,807.19 per ounce, as of 0101 GMT, after hitting a five-month low of $1,783.50 on Friday. U.S. gold futures fell 0.5% to $1,809.50. The Read More
Gold prices edged lower on Friday, and were on track for a third straight weekly decline, as rising U.S. Treasury yields weighed on demand for zero-yield bullion. Fundamentals Spot gold was down 0.1% at $1,805.39 per ounce, as of 0103 GMT, after hitting a more than six-week low of $1,801.50 in the previous session. U.S. Read More
