Oil prices fell in early trade on Friday on a stronger dollar, but were on track for a weekly gain on concerns about supply tightening with Europe’s pending cut-off of imports from Russia. Brent crude futures came off 42 cents, or 0.4%, to $96.54 a barrel at 0043 GMT, after rising 1.3% in the previous session. U.S. Read More
Gold prices rose on Thursday, as the U.S. dollar and Treasury yields fell on mounting expectations of slower monetary policy tightening by the Federal Reserve later in the year. Fundamentals Spot gold rose 0.3% to $1,669.16 per ounce by 0116 GMT, after hitting a two-week high on Wednesday. U.S. gold futures were up 0.3% at Read More
Gold prices on Friday were set for a second weekly decline as U.S. Treasury yields held near multi-year highs following strong labor market data and hawkish comments from Federal Reserve officials, dampening the appeal for zero-yield bullion. Spot gold was flat at $1,627.20 per ounce, as of 0118 GMT, and lost 0.8% so far for Read More
Gold inched lower on Wednesday as the dollar gained some ground, while the U.S. Federal Reserve’s commitment to tightening its monetary policy also weighed on zero-yield bullion’s appeal. Spot gold was down 0.1% at $1,650.02 per ounce, as of 0317 GMT, while U.S. gold futures were flat at $1,654.80. The dollar index ticked 0.1% higher, Read More
Gold prices rose on Monday after declining more than 1% in the previous session, as a pause in the dollar rally alleviated some pressure from the greenback-priced bullion, though looming U.S. rate hike restricted further gains. Spot gold rose 0.4% to $1,648.91 per ounce, as of 0405 GMT. The metal posted its biggest weekly decline Read More
Gold slipped on Friday and was on track for a weekly fall, as a stronger U.S. dollar and prospects of more steep rate hikes from the Federal Reserve dented demand for the non-yielding bullion. Spot gold was down 0.8% to $1,652.90 per ounce. Prices have fallen more than 2% so far this week. U.S. gold Read More
Gold prices were steady on Thursday as market participants refrained from making big moves ahead of key U.S. inflation reading that could influence the size of the Federal Reserve’s next interest rate hike. Spot gold held its ground at $1,672.79 per ounce, as of 0026 GMT. U.S. gold futures were up 0.1% at $1,679.80. U.S. Read More
Gold prices inched lower on Wednesday as traders looked forward to U.S. Federal Reserve minutes and key inflation data for clues on the pace of future interest rate hikes. Spot gold fell 0.1% to $1,663.60 per ounce, as of 0055 GMT, hovering close to a one-week low touched on Tuesday. U.S. gold futures were down 0.8% at $1,673.30. Read More
Gold prices ticked lower on Monday, having shed nearly 1% in the previous session, as strong U.S. jobs data cemented the view that the Federal Reserve would continue its policy of aggressive interest rate hikes. Fundamentals Spot gold was down 0.1% at $1,693.19 per ounce, as of 0100 GMT, while U.S. gold futures were down 0.4% at $1,703.4. The dollar index was Read More
Gold prices held steady on Friday ahead of the U.S. jobs report that could help investors gauge the Federal Reserve’s rate-hike path, and were headed for their biggest weekly gain since March. Fundamentals Spot gold was little changed at $1,709.69 per ounce, as of 0123 GMT. Prices have risen about 3% so far in the Read More
Gold prices edged higher on Thursday as Treasury yields retreated, although gains were limited after stronger U.S. economic data bolstered expectations the Federal Reserve will retain its hawkish narrative. Spot gold was up 0.2% at $1,719.19 per ounce, as of 0144 GMT. U.S. gold futures rose 0.5% to $1,728.50. Benchmark U.S. 10-year Treasury yields eased Read More
Gold prices eased on Wednesday as the dollar somewhat stabilized from its drop in the previous session, although bullion held above key $1,700-per-ounce level with investors eyeing more clarity on the U.S. Federal Reserve’s future policy stance. Spot gold was down 0.2% at $1,722.69 per ounce, as of 0120 GMT, but was not far from $1,729.39, Read More
Gold prices edged lower on Tuesday, having touched a nearly three-week high earlier in the session, as a firmer dollar dimmed the appeal of greenback-priced bullion and countered support from lower U.S. Treasury yields. Fundamentals Spot gold was down 0.2% at $1,696.04 per ounce, as of 0135 GMT, having touched its highest since Sept. 14 at Read More
Gold prices edged higher on Monday, although the gains were capped on fears of aggressive rate hikes by the U.S. Federal Reserve. Spot gold was up 0.3% at $1,664.50 per ounce. U.S. gold futures were steady at $1,673.20. The dollar steadied against its rivals. “The correction in the U.S. dollar at the moment has unquestionably Read More
Gold prices retreated on Thursday, as prospects for more U.S. interest rate hikes and a subdued outlook for global economic growth bolstered the dollar. Spot gold was down 0.3% at $1,653.79 per ounce, as of 0404 GMT, after rising about 2% in its biggest daily gain since March on Wednesday. U.S. gold futures slipped 0.5% Read More
Gold prices slipped on Wednesday, as the dollar resumed climb after Federal Reserve officials reiterated the U.S. central bank’s resolution to maintain an aggressive policy stance to tackle soaring inflation. Fundamentals Spot gold was down 0.3% at $1,624.81 per ounce, as of 0132 GMT. U.S. gold futures dipped 0.2% to $1,632.4. The dollar index was up 0.3%, edging closer to a Read More
Gold prices rose on Tuesday as the dollar’s rally paused, but prices held close to a 2½-year low on expectations of further policy tightening by the U.S. Federal Reserve in its efforts to quell soaring inflation. Spot gold gained 0.6% at $1,631.89 per ounce, as of 0103 GMT. Prices hit their lowest level since April 2020 at Read More
Oil prices fell on Friday as demand fears were stoked by rising interest rates and a stronger dollar, though losses were capped by Moscow’s mobilization campaign in its war with Ukraine and apparent deadlock in talks on reviving the Iran nuclear deal. Brent crude futures fell $2.81, or 3.11%, to $87.65 a barrel by 1051 GMT. Read More
Gold prices dropped more than 1% to their lowest since April 2020 on Friday as a cocktail of factors from a robust dollar and elevated U.S. bond yields to worries around more U.S. interest rate hikes diminished bullion’s appeal. Spot gold was down 1.7% at $1,642.79 per ounce by 1058 GMT and was heading for its Read More
Oil prices fell about 1% to a near two-week low in volatile trade on Wednesday after the U.S Federal Reserve delivered another hefty rate hike to quell inflation that could reduce economic activity and demand for oil. The Fed raised its target interest rate by 75 basis points for the third time to a 3.00-3.25% range and signalled more Read More
