Gold prices edged higher on Friday and were set for a second weekly gain, as safe-haven demand and lower U.S. bond yields lifted the metal’s appeal, while investors look forward to a Federal Reserve meeting for clues to its tightening timeline. Spot gold was up 0.1% at $1,840.59 per ounce, as of 0414 GMT, inching Read More
2022
Gold prices on Thursday steadied near a two-month high hit in the previous session, with higher U.S. Treasury yields preventing any gains amid caution building around developments at the U.S. Federal Reserve’s meeting due next week. Spot gold was flat at $1,839.36 per ounce as of 0031 GMT, steadying near its highest since Nov. 22. Read More
Gold prices eased on Tuesday, pressured by higher U.S. Treasury yields, as investors looked for clues about the Federal Reserve’s interest rate hike timeline from its policy meeting next week. Spot gold fell 0.1% to $1,817.11 per ounce by 0414 GMT. U.S. gold futures were little changed at $1,816.20. Global investor attention remains fixed on Read More
Gold prices on Friday were poised for their best weekly gain since last November, as investors await economic data that could provide clarity about U.S. Federal Reserve’s tapering policy, while a weaker dollar and Treasury yields supported bullion. Spot gold was flat at $1,820.08 per ounce, as of 0048 GMT. U.S. gold futures edged down Read More
Gold prices held steady near a one-week high on Wednesday, as traders kept an eye out for U.S. inflation data for rate clues after less hawkish comments from the Federal Reserve chief fuelled a bullion rally in the previous session. Spot gold was little changed at $1,819.90 per ounce by 0634 GMT, after scaling a near Read More
Gold prices rose on Tuesday, supported by a weaker U.S. dollar and Treasury yields, as traders awaited December inflation data and weighed bets for quicker interest rate hikes. Spot gold rose 0.3% to $1,805.98 per ounce by 0535 GMT. U.S. gold futures were up 0.4% to $1,805.40. “Pullback in both the U.S. dollar and 10-year treasury Read More
Gold prices edged higher on Wednesday as rising Omicron variant coronavirus cases helped its safe-haven appeal, but trading was range-bound as investors awaited the minutes of the U.S. Federal Reserve’s latest policy meeting as rate hike bets grow. Spot gold rose 0.1% to $1,817.10 per ounce by 1247 GMT, with U.S. gold futures rising 0.2% Read More
Gold prices rose on Tuesday as demand for the safe-haven metal was boosted by worries over a surge in COVID-19 cases of the Omicron variant that could threaten global economic recovery. Spot gold was last up 0.8% at 1,814.45 per ounce by 13:54 ET (1854 GMT). U.S. gold futures settled up 0.8% at $1,814.60. The year Read More
Gold inched up on Tuesday, after a spike in U.S. bond yields spurred by bets of earlier-than-expected interest rate hikes by the Federal Reserve led to bullion’s worst sell-off in six weeks in the previous session. Spot gold was up 0.2% at $1,804.46 per ounce by 0345 GMT, after prices hit a more than one-month high Read More
Gold prices marked their biggest yearly decline since 2015, hemmed in by a resurgent dollar as investors prepared to usher in a new year in which the money supply could be tightened even as the threat of the Omicron coronavirus variant lingers. Fundamentals Spot gold was last up 0.4% at $1,822.11 per ounce by 11:13 Read More