Gold rose on Wednesday after Russian President Vladimir Putin’s partial mobilization announcement re-ignited some safe-haven interest in bullion, although a strong dollar and expected U.S. rate hikes capped gains. Spot gold was up 0.6% at $1,673.19 per ounce. U.S. gold futures rose 0.6% to $1,681.70. Putin said he had signed a decree on partial mobilization Read More
Gold prices fell on Tuesday, weighed down by a firmer dollar and elevated U.S. bond yields, as the Federal Reserve gears up for a hefty rate hike to tame inflation pressures. Spot gold was down 0.4% at $1,669.80 per ounce, as of 0839 GMT. U.S. gold futures were flat at $1,678.20. “Gold is under pressure, Read More
Gold prices slipped on Monday as investors braced for aggressive rate hikes by major central banks this week, especially from the U.S. Federal Reserve, to tame high inflation. Spot gold was down 0.3% at $1,669.69 per ounce, as of 0310 GMT. U.S. gold futures fell 0.2% at $1,679.70. Gold is known as a safe investment amid inflation woes, Read More
Gold dropped to its lowest level since April 2020 on Thursday, hurt by elevated U.S. Treasury yields and a firm dollar, as bets of another hefty rate hike by the U.S. Federal Reserve eroded bullion’s appeal. Spot gold was last down 1.9% at $1,663.50 per ounce after falling more than 2% to $1,659.47 earlier in Read More
Gold prices steadied into a tight range on Tuesday as investors held off on large bets ahead of key U.S. inflation data that could influence the size of future Federal Reserve interest rate hikes. Spot gold was little changed at $1,727 per ounce. Prices hit a two-week high of $1,734.99 on Monday as the dollar Read More
Gold bounced back on Wednesday helped by the dollar’s slight retreat from a two-decade high and as bargain hunters took advantage of recent losses, but the precious metal’s outlook was still clouded by prospects of aggressive rate hikes. Spot gold rose 0.9% to $1,716.59 per ounce by 2:02 p.m. ET. U.S. gold futures settled 0.9% Read More
Gold prices briefly slid below the key $1,700 psychological level for the first time in six weeks on Thursday, as major central banks stuck to an aggressive stance to combat inflation, dulling demand for non-yielding bullion. Spot gold fell 0.7% to $1,699.10 per ounce, having touched its lowest since July. U.S. gold futures shed 0.9% Read More
Gold prices edged higher on Thursday as the dollar slipped, while investors looked forward to a speech by U.S. Federal Reserve Chair Jerome Powell at the Jackson Hole symposium for clues on interest rate hikes and the health of the economy. Spot gold was 0.1% higher at $1,753.01 per ounce, as of 0110 GMT U.S. gold futures were Read More
Gold held steady on Wednesday, with gains checked by an uptick in the U.S. dollar, as market participants looked forward to a speech from Federal Reserve Chair Jerome Powell later this week. Fundamentals Spot gold was little changed at $1,746.60 per ounce, as of 0126 GMT, after rising 0.7% in the previous session. U.S. gold Read More
Gold hit its lowest level in nearly four weeks on Monday, as expectations of more interest rate hikes by the U.S. Federal Reserve fueled a rally in dollar and took shine off bullion. Spot gold fell 0.7% to $1,735.95 per ounce, hitting its lowest since July 27. It is set to fall for a sixth Read More
Gold prices slid 1% on Monday as the dollar strengthened and as investors turned cautious in the run-up to minutes of the previous U.S. Federal Reserve policy meeting amid hawkish comments from the central bank officials. Spot gold was down 1.28% at $1,778.74 per ounce, after rising about 1.6% last week. U.S. gold futures dropped Read More
Oil prices settled slightly lower on Tuesday after a see-saw session as worries that a slowing economy could cut demand vied with news that some oil exports had been suspended on the Russia-to-Europe Druzhba pipeline that transits Ukraine. Crude prices have been under pressure for weeks as fears mounted that a recession could cut oil Read More
Gold prices slid 1% on Monday as the dollar strengthened and as investors turned cautious in the run-up to minutes of the previous U.S. Federal Reserve policy meeting amid hawkish comments from the central bank officials. Spot gold was down 1.28% at $1,778.74 per ounce, after rising about 1.6% last week. U.S. gold futures dropped Read More
Oil prices settled slightly lower on Tuesday after a see-saw session as worries that a slowing economy could cut demand vied with news that some oil exports had been suspended on the Russia-to-Europe Druzhba pipeline that transits Ukraine. Crude prices have been under pressure for weeks as fears mounted that a recession could cut oil Read More
Oil prices dropped on Monday, hovering near multi-month lows, as recession fears hurt demand outlook and data pointed to a slow recovery in China’s crude imports last month. Brent crude futures dropped 74 cents, or 0.8%, to $94.18 a barrel by 0039 GMT. Front-month prices hit the lowest levels since February last week, tumbling 13.7% and Read More
Gold prices were steady on Thursday, supported by a pullback in the U.S. Treasury yields and as cautious investors awaited key U.S. nonfarm payrolls report due this week that could offer more cues on the Federal Reserve’s rate-hike stance. Spot gold held its ground at $1,767.39 per ounce, as of 0239 GMT. U.S. gold futures Read More
Gold slipped on Wednesday as the dollar and U.S. Treasury yields advanced after hawkish comments from Federal Reserve officials hinted at continuing aggressive interest rate hikes in the near term. Fundamentals Spot gold was down 0.2% at $1,757.08 per ounce, as of 0105 GMT, after hitting a near one-month high of $1,787.79 on Tuesday. U.S. Read More
Gold surrendered earlier gains to trade little changed on Tuesday as the U.S. dollar inched higher, although a dip in Treasury yields and growing recession fears kept bullion near four-week peak. Spot gold was flat around $1,771.29 per ounce by 0843 GMT, after hitting its highest since July 5 at $1,780.39 earlier in the session. Read More
Gold prices rose on Friday and were on course for their best week in nearly five months, as the U.S. dollar extended its retreat in the wake of worrying U.S. economic data. Spot gold rose 0.2% to $1,759.79 per ounce. It has gained about 2% so far this week, the most since early-March. U.S. gold Read More
Gold prices extended gains on Thursday after comments from the U.S. Federal Reserve chair Jerome Powell on future interest rate hikes sounded less hawkish than feared, dragging the dollar and Treasury yields lower. Spot gold was up 0.2% at $1,737.44 per ounce, as of 0205 GMT, after rising 1% to a two-week high in the Read More
