Author: Updates McxIndia

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

Gold prices eased on Thursday as a rebound in U.S. Treasury yields tempered bullion’s safe-haven demand stemming from the Ukraine crisis and its potential impact on the global economy. Spot gold was down 0.3% at $1,951.76 per ounce, as of 0300 GMT. U.S. gold futures were down 0.1% at $1,954.50. Benchmark U.S. 10-year Treasury yields Read More

Gold eased on Tuesday after having touched a resistance at the $2,000 per-ounce level in the previous session, as the dollar rose to a two-year high and dented bullion’s appeal. Spot gold was down 0.1% at $1,976.46 per ounce, as of 0229 GMT. U.S. gold futures slipped 0.3% to $1,981.00. Gold climbed to $1,998.10 on Read More

Gold prices edged higher on Wednesday as concerns of an escalation in the Russia-Ukraine conflict increased safe-haven bids for the precious metal, although a firmer U.S. dollar capped bullion’s gains. Spot gold was up 0.2% at $1,969.76 per ounce, as of 0609 GMT, after hitting a near one-month peak of $1,978.21 on Tuesday. U.S. gold Read More

Gold prices inched higher on Tuesday as appetite for risk weakened ahead of U.S. inflation data that could support the Federal Reserve’s aggressive policy stance to contain rising pricing pressures. Spot gold was up 0.3% at $1,958.61 per ounce, as of 0407 GMT, after hitting its highest in nearly a month on Monday. U.S. gold Read More

Gold prices held steady after Wednesday’s release of the minutes of the Federal Reserve meeting in March, as the metal’s appeal as a safe haven and inflation hedge offset an expected 50 basis point rate hike by the U.S. central bank. Spot gold was little changed at $1,923.50 per ounce by 3:08 p.m. ET and Read More

Gold prices held steady after Wednesday’s release of the minutes of the Federal Reserve meeting in March, as the metal’s appeal as a safe haven and inflation hedge offset an expected 50 basis point rate hike by the U.S. central bank. Spot gold was little changed at $1,923.50 per ounce by 3:08 p.m. ET and Read More

Gold turned positive on Wednesday as risk-off sentiment gripped financial markets amid the possibility of more Western sanctions on Russia, although aggressive U.S. rate hike bets kept bullion near a one-week low. Spot gold rose 0.3% to $1,928.96 per ounce by 1005 GMT. U.S. gold futures were 0.3% higher at $1,932.40. Gold touched its lowest Read More

Gold eased on Tuesday as the U.S. dollar held firm on rising prospects of more sanctions against Russia and possibly bigger interest rate hikes by the Federal Reserve to rein in inflation. Spot gold was down 0.2% at $1,928.52 per ounce by 0457 GMT. U.S. gold futures were down 0.1% at $1,931.70. “The more liquid Read More

Gold eased on Friday and was headed for a weekly fall, as higher Treasury yields dented the appeal of zero-yield bullion, with a stronger dollar adding further pressure. Spot gold was down 0.2% at $1,934.01 per ounce. U.S. gold futures fell 0.8% to $1,937.90. “It is in particular the developments in the fixed income markets Read More

Gold prices rose on Wednesday, supported by a dip in the U.S. dollar and Treasury yields, though signs of progress in Russia-Ukraine peace talks dented the metal’s appeal as a safe haven and kept gains in check. U.S. gold futures rose 0.3% to $1,923.90. Spot gold was flat after hitting its lowest since Feb. 28 Read More

Gold prices fell to a near two-week low on Tuesday as elevated U.S. Treasury yields continued to impede zero-yield bullion’s appeal, with investors also tracking key talks between Russia and Ukraine. Spot gold had dipped 0.5% to $1,914.26 per ounce, touching $1,909.40, its lowest since March 16, earlier in the session. U.S. gold futures dropped Read More