Gold prices edged higher on Thursday as the dollar slipped, while investors looked forward to a speech by U.S. Federal Reserve Chair Jerome Powell at the Jackson Hole symposium for clues on interest rate hikes and the health of the economy. Spot gold was 0.1% higher at $1,753.01 per ounce, as of 0110 GMT U.S. gold futures were Read More
Gold held steady on Wednesday, with gains checked by an uptick in the U.S. dollar, as market participants looked forward to a speech from Federal Reserve Chair Jerome Powell later this week. Fundamentals Spot gold was little changed at $1,746.60 per ounce, as of 0126 GMT, after rising 0.7% in the previous session. U.S. gold Read More
Gold hit its lowest level in nearly four weeks on Monday, as expectations of more interest rate hikes by the U.S. Federal Reserve fueled a rally in dollar and took shine off bullion. Spot gold fell 0.7% to $1,735.95 per ounce, hitting its lowest since July 27. It is set to fall for a sixth Read More
Gold prices slid 1% on Monday as the dollar strengthened and as investors turned cautious in the run-up to minutes of the previous U.S. Federal Reserve policy meeting amid hawkish comments from the central bank officials. Spot gold was down 1.28% at $1,778.74 per ounce, after rising about 1.6% last week. U.S. gold futures dropped Read More
Oil prices settled slightly lower on Tuesday after a see-saw session as worries that a slowing economy could cut demand vied with news that some oil exports had been suspended on the Russia-to-Europe Druzhba pipeline that transits Ukraine. Crude prices have been under pressure for weeks as fears mounted that a recession could cut oil Read More
Gold prices slid 1% on Monday as the dollar strengthened and as investors turned cautious in the run-up to minutes of the previous U.S. Federal Reserve policy meeting amid hawkish comments from the central bank officials. Spot gold was down 1.28% at $1,778.74 per ounce, after rising about 1.6% last week. U.S. gold futures dropped Read More
Oil prices settled slightly lower on Tuesday after a see-saw session as worries that a slowing economy could cut demand vied with news that some oil exports had been suspended on the Russia-to-Europe Druzhba pipeline that transits Ukraine. Crude prices have been under pressure for weeks as fears mounted that a recession could cut oil Read More
Oil prices dropped on Monday, hovering near multi-month lows, as recession fears hurt demand outlook and data pointed to a slow recovery in China’s crude imports last month. Brent crude futures dropped 74 cents, or 0.8%, to $94.18 a barrel by 0039 GMT. Front-month prices hit the lowest levels since February last week, tumbling 13.7% and Read More
Gold prices were steady on Thursday, supported by a pullback in the U.S. Treasury yields and as cautious investors awaited key U.S. nonfarm payrolls report due this week that could offer more cues on the Federal Reserve’s rate-hike stance. Spot gold held its ground at $1,767.39 per ounce, as of 0239 GMT. U.S. gold futures Read More
Gold slipped on Wednesday as the dollar and U.S. Treasury yields advanced after hawkish comments from Federal Reserve officials hinted at continuing aggressive interest rate hikes in the near term. Fundamentals Spot gold was down 0.2% at $1,757.08 per ounce, as of 0105 GMT, after hitting a near one-month high of $1,787.79 on Tuesday. U.S. Read More
Gold surrendered earlier gains to trade little changed on Tuesday as the U.S. dollar inched higher, although a dip in Treasury yields and growing recession fears kept bullion near four-week peak. Spot gold was flat around $1,771.29 per ounce by 0843 GMT, after hitting its highest since July 5 at $1,780.39 earlier in the session. Read More
