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
Gold prices were flat on Wednesday, as investors held back from making big bets ahead of the U.S. Federal Reserve’s latest policy meeting minutes, which could offer clues on further interest rate hikes. Spot gold was flat at $1,739.90 per ounce by 0121 GMT. U.S. gold futures edged 0.1% higher to $1,741.60. “There is some Read More
Gold stalled near a three-month peak on Wednesday, buoyed by a softer dollar, while the market focus shifted from global tensions to the Federal Reserve’s interest rate strategy. Spot gold was 0.16% lower at $1,775.39 per ounce, while U.S. gold futures were slightly higher at $1,778.9 per ounce. News that stoked geopolitical tensions had a Read More
Gold hovered near a three-month high on Tuesday, as a top U.S. central bank official’s comment raised hopes that the Federal Reserve would adopt a less aggressive approach on rate hikes, while a stronger dollar kept gains in check. Spot gold was steady at $1,770.70 per ounce, as of 0122 GMT, after hitting its highest Read More
Gold prices jumped over 2% on Tuesday to firm above the key $1,700 per ounce level, boosted by a fall in the dollar and bond yields and technical buying, while market focus remained on U.S. inflation data later this week. Spot gold rose 2.2% to $1,711.87 per ounce Tuesday afternoon, its highest level since Oct. Read More
Gold prices jumped over 2% on Tuesday to firm above the key $1,700 per ounce level, boosted by a fall in the dollar and bond yields and technical buying, while market focus remained on U.S. inflation data later this week. Spot gold rose 2.2% to $1,711.87 per ounce Tuesday afternoon, its highest level since Oct. Read More
Gold prices were little changed on Friday, but the metal was headed for a second straight weekly drop as a stronger dollar and U.S. Federal Reserve’s hawkish policy stance clouded outlook for the non-yielding bullion. Spot gold rose 0.1% at $1,631.33 per ounce, as of 0043 GMT, but it was down 0.6% for the week Read More
