Author: Updates McxIndia

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 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

Gold prices fell on Monday as the dollar index gained and U.S. Treasury yields held firm near multi-month highs, with investor focus on potential Russia-Ukraine peace talks this week further dimming bullion’s safe-haven appeal. Spot gold was down 0.7% at $1,943.72 per ounce, as of 0426 GMT. U.S. gold futures were down 0.5% at $1,943.50. Read More

Gold prices rose on Monday as fighting in Ukraine boosted demand for safe-haven bullion, while investors kept a close tab on Moscow-Kyiv peace talks. Spot gold rose 0.5% to $1,931.16 per ounce by 1:51 p.m. ET (1751 GMT). U.S. gold futures for April settled mostly unchanged at $1,929.50. “Another escalation around Ukraine will drive significant Read More

Gold steadied on Wednesday, with a weaker dollar offsetting pressure from higher U.S. Treasury yields as investors await the first pandemic-era U.S. Federal Reserve interest rate hike. Spot gold was flat at $1,917.91 per ounce at 1015 GMT, after touching its lowest since March 1 at $1,906 on Tuesday. U.S. gold futures fell 0.3% to Read More

Gold extended its slide on Tuesday as ceasefire talks between Russia and Ukraine reduced demand for safe-haven assets, while bets that the U.S. Federal Reserve may raise interest rates for the first time in three years added to pressure on gold. Spot gold was down 1.2% at $1,928.58 per ounce, as of 1032 GMT, after Read More

Gold on Tuesday extended its blistering rally toward an all-time high as investors made a beeline for the traditional safe haven on mounting fears about the Ukraine crisis and the impact of a possible ban on Russian oil by the United States and Britain. Meanwhile, worries over a palladium supply shortfall due to sanctions on Read More

Gold slid from the key $2,000-mark on Tuesday as investors paused to reassess the Russia-Ukraine conflict after talks hardly advanced, with a strong U.S. dollar weighing further on the safe-haven metal. Spot gold was down 0.5% at $1,988.78 per ounce by 0447 GMT, after scaling a 1-1/2-year peak of $2,002.40 on Monday. U.S. gold futures Read More