Gold prices eased on Tuesday, but were en route to their third straight monthly gain, as market participants awaited the U.S. Federal Reserve policy decision later this week. Spot gold was down 1% at $1,902.75 per ounce. The contract, however, was headed for a monthly gain of 4%. U.S. gold futures were down 1.1% at Read More
Gold steadied on Friday with gains capped by a stronger dollar, but the metal was still set for a sixth straight weekly rise ahead of the U.S. Federal Reserve’s rate decision next week. Spot gold edged up 0.1% to $1,931.61 per ounce, yet gave up gains earlier in the session after data showed U.S. consumer Read More
Gold prices hit a nine-month high on Thursday before trading slightly lower, as investors hunkered down for U.S. economic data that could influence the Federal Reserve’s policy tightening path. Spot gold was down 0.5% at $1,937.16 per ounce, after hitting its highest since April 2022. U.S. gold futures were down 0.3% at $1,937.60. The dollar index held steady but hovered near an eight-month low. Read More
Gold prices edged lower on Friday as the dollar firmed, although hopes of slower rate hikes from the U.S. Federal Reserve kept bullion on track for its fifth straight weekly gain. Spot gold fell 0.15% to $1,925.33 per ounce, after rising to its highest since April 22 at $1,937.49 earlier in the session. Prices are Read More
Gold prices edged lower on Friday as the dollar firmed, although hopes of slower rate hikes from the U.S. Federal Reserve kept bullion on track for its fifth straight weekly gain. Spot gold fell 0.15% to $1,925.33 per ounce, after rising to its highest since April 22 at $1,937.49 earlier in the session. Prices are Read More
Gold prices held steady on Friday but were on track for a fifth consecutive weekly gain, as a weaker dollar and hopes of slower U.S. interest rate hikes boosted the safe-haven bullion’s appeal. Spot gold was little changed at $1,930.04 per ounce, as of 0308 GMT and was up 0.5% for the week. On Thursday, prices hit $1,935.20, the highest since April 2022. The U.S. Federal Reserve will end Read More
Gold prices inched higher on Thursday as investors weighed the chances of the U.S. Federal Reserve slowing its pace of interest rate hikes, while a firmer dollar capped bullion’s gains. Spot gold was up 0.1% at $1,906.01 per ounce, as of 0252 GMT. U.S. gold futures fell 0.1% to $1,906.00. Few Fed officials signalled on Wednesday that they would push Read More
Gold prices inched lower on Wednesday as the U.S. dollar firmed, while expectations of a slowdown in the pace of Federal Reserve interest rate hikes limited the losses. Spot gold dipped 0.3% to $1,902.79 per ounce, as of 0256 GMT. U.S. gold futures fell 0.2% to $1,906.00. The dollar index was up 0.3%. A stronger Read More
Gold fell for a second session on Tuesday as the dollar ticked up, while investors still sought direction from the U.S. Federal Reserve’s rate hike path. Spot gold dropped 0.7% to $1,904.44 per ounce. The metal closed lower on Monday, after having risen to its highest since April 2022. U.S. gold futures fell 0.75% to Read More
Gold prices steadied after climbing to their highest in nearly nine months on Monday, as a softer dollar and expectations of slower interest rate hikes from the U.S. Federal Reserve added to bullion’s shine. Spot gold held its ground at $1,918.66 per ounce, as of 0548 GMT. Earlier in the session, prices hit $1,929 per ounce, a peak Read More
Gold prices rose on Thursday to near an eight-month peak, helped by a weaker dollar, as investors braced for a U.S. inflation report expected to provide clues to the Federal Reserve’s rate-hike path. Spot gold rose 0.5% to $1,885.85 per ounce, after hitting its highest since early May at $1,886.59 on Wednesday. U.S. gold futures Read More
Gold ticked up on Tuesday as traders looked ahead to U.S. Federal Reserve Chair Jerome Powell’s upcoming speech for more clarity around the central bank’s rate-hike plans, with a firmer dollar limiting bigger advances in the metal. Spot gold rose 0.2% to $1,876.11 per ounce, trading in a narrow $10 range. U.S. gold futures edged Read More
Gold prices hit an eight-month high on Monday, as the dollar slipped on bets for slower U.S. interest rate hikes, while investors also cheered top bullion consumer China reopening its borders. Spot gold rose 0.4% to $1,873.72 per ounce by 0951 GMT, its highest since May 9, 2022. U.S. gold futures gained 0.4% to $1,877.40. Read More
Gold edged higher on Thursday, helped by a dip in the dollar as initial unemployment claim data pointed to a cooling off in the U.S. labor market, easing worries about harsher Federal Reserve rate hikes next year. Initial claims for unemployment benefits rose 9,000 to a seasonally adjusted 225,000 for the week ended Dec. 24, Read More
Gold edged higher on Thursday, helped by a dip in the dollar as initial unemployment claim data pointed to a cooling off in the U.S. labor market, easing worries about harsher Federal Reserve rate hikes next year. Initial claims for unemployment benefits rose 9,000 to a seasonally adjusted 225,000 for the week ended Dec. 24, Read More
Gold edged higher on Thursday, helped by a dip in the dollar as initial unemployment claim data pointed to a cooling off in the U.S. labor market, easing worries about harsher Federal Reserve rate hikes next year. Initial claims for unemployment benefits rose 9,000 to a seasonally adjusted 225,000 for the week ended Dec. 24, Read More
