Author: Updates McxIndia

Gold prices rose on Tuesday as demand for the safe-haven metal was boosted by worries over a surge in COVID-19 cases of the Omicron variant that could threaten global economic recovery. Spot gold was last up 0.8% at 1,814.45 per ounce by 13:54 ET (1854 GMT). U.S. gold futures settled up 0.8% at $1,814.60. The year Read More

Gold inched up on Tuesday, after a spike in U.S. bond yields spurred by bets of earlier-than-expected interest rate hikes by the Federal Reserve led to bullion’s worst sell-off in six weeks in the previous session. Spot gold was up 0.2% at $1,804.46 per ounce by 0345 GMT, after prices hit a more than one-month high Read More

Gold prices marked their biggest yearly decline since 2015, hemmed in by a resurgent dollar as investors prepared to usher in a new year in which the money supply could be tightened even as the threat of the Omicron coronavirus variant lingers. Fundamentals Spot gold was last up 0.4% at $1,822.11 per ounce by 11:13 Read More

Gold prices steadied on Wednesday as a weaker dollar helped offset pressure from rising U.S. Treasury yields and growing appetite for riskier assets. Spot gold was flat at $1,804.56 per ounce. U.S. gold futures settled down 0.3% at $1,805.80. The dollar index fell 0.2% to a near one-month low against its rivals, making gold less Read More

Gold prices steadied on Wednesday as a weaker dollar helped offset pressure from rising U.S. Treasury yields and growing appetite for riskier assets. Spot gold was flat at $1,804.56 per ounce. U.S. gold futures settled down 0.3% at $1,805.80. The dollar index fell 0.2% to a near one-month low against its rivals, making gold less Read More

Gold held steady on Tuesday at near one-week high hit in the previous session as the U.S. dollar and Treasury yields, key influences on bullion prices, were largely flat. Fundamentals Spot gold was mostly flat $1,810.76 per ounce by 0048 GMT. U.S. gold futures were up 0.2% at $1,811.70. Benchmark U.S. Treasury yields and the Read More

Gold prices inched higher on Monday, staying above the key $1,800 per-ounce level, as slightly weaker U.S. Treasury yields offset an uptick in the dollar. Spot gold rose 0.2% to $1,811.31 per ounce by 0145 GMT. U.S. gold futures were little changed at $1,812.00. Benchmark U.S. Treasury yields edged down from their highest in more Read More

Gold traded within a tight range on Wednesday as higher U.S. Treasury yields and improved risk appetite countered concerns about the rapidly spreading omicron coronavirus variant. Fundamentals Spot gold was little changed at $1,789.12 per ounce by 0126 GMT. U.S. gold futures also remained unchanged, at $1,789.50. U.S. Treasury yields were higher on Tuesday as traders focused on Read More

Gold eased in choppy trading on Monday as investors tried to gauge the impact of soaring Omicron coronavirus cases and the extent of the U.S. Federal Reserve’s rate hikes on soaring inflation. Fundamentals Spot gold fell 0.2% to $1,793.33 per ounce, as of 1845 GMT, while U.S. gold futures settled down 0.6% at $1,794.60 per Read More

Gold prices were flat on Friday, but on track for their best week since mid-November as the dollar weakened after the U.S. Federal Reserve decided to withdraw its pandemic-era stimulus, making bullion cheaper for holders of other currencies. Fundamentals Spot gold was flat at $1,797.47 per ounce, as of 0042 GMT. U.S. gold futures edged Read More

Gold prices inched higher on Thursday as the dollar eased, while investors shifted their focus away from the U.S. Federal Reserve to other key central bank meetings. Fundamentals Spot gold was up 0.2% at $1,780.63 per ounce by 0135 GMT. U.S. gold futures rose 0.9% to $1,780.20. The dollar index moved lower from a three-week high hit in the previous session. The Fed said Read More

Gold prices were flat on Thursday, as the U.S. dollar and Treasury yields firmed ahead of key inflation data that could provide clues on the Federal Reserve’s next policy move.   Spot gold was flat at $1,782.65 per ounce, as of 0236 GMT. U.S. gold futures fell 0.1% to $1,784.50. Benchmark 10-year Treasury yields were hovering close to Read More

Gold prices rose slightly on Wednesday as U.S. Treasury yields eased from their recent highs, reducing the metal’s opportunity cost, while investors looked ahead to key inflation data that could settle the course of interest rates. Spot gold rose 0.1% to $1,785.48 per ounce by 0029 GMT. U.S. gold futures were up 0.1% at $1,786.10. Read More

Gold eased on Monday as sentiment for riskier assets improved and the dollar advanced, with moves limited by overall uncertainty over the Omicron coronavirus variant ahead of this week’s U.S. inflation numbers. Spot gold fell 0.2% to $1,780.95 an ounce by 1113 GMT, while U.S. gold futures dropped 0.1% to $1,781.90. The dollar firmed, making Read More

Gold prices held steady on Monday as market participants weighed the prospect of a faster ending to pandemic-era asset purchases by the U.S. Federal Reserve after data suggested the labour market was rapidly tightening. Spot gold was little changed at $1,783.91 per ounce by 0038 GMT. U.S. gold futures rose 0.1% to $1,785.00. The dollar Read More

Gold prices eased on Thursday as investors bet the U.S. Federal Reserve would taper its bond purchases faster to tackle surging inflation despite economic recovery concerns amid the new Omicron coronavirus variant. Spot gold fell 0.3% to $1,777.87 per ounce by 0639 GMT. U.S. gold futures dropped 0.3% to $1,778.10. In congressional testimony on Wednesday, Fed Chair Jerome Read More

Gold prices eased on Thursday as investors bet the U.S. Federal Reserve would taper its bond purchases faster to tackle surging inflation despite economic recovery concerns amid the new Omicron coronavirus variant. Spot gold fell 0.3% to $1,777.87 per ounce by 0639 GMT. U.S. gold futures dropped 0.3% to $1,778.10. In congressional testimony on Wednesday, Fed Chair Jerome Read More

Gold prices rose on Tuesday after Moderna’s chief warned that Covid-19 vaccines are unlikely to be as effective against the Omicron variant as they have been against the Delta version. Spot gold rose 0.3% to $1,790.92 per ounce by 0728 GMT. U.S. gold futures increased 0.4% to $1,792.90. The Moderna chief’s comments rattled financial markets, Read More