Gold was set on Friday for its worst week in five months, as bullion prices were hammered by increasing bets that the U.S. Federal Reserve would accelerate the pace of stimulus tapering and raise interest rates sooner to curb rising inflation. Fundamentals Spot gold rose 0.2% to $1,792.62 per ounce by 0051 GMT. U.S. gold Read More
Gold prices edged up on Thursday as the dollar eased slightly, but comments from U.S. Federal Reserve policymakers suggesting the central bank could accelerate stimulus tapering weighed on the metal and kept it well below the key $1,800 mark. Spot gold rose 0.2% to $1,792.05 per ounce by 0137 GMT, after slipping to its lowest Read More
Gold prices edged up on Wednesday, although strength in the U.S. dollar and bets that the Federal Reserve could raise interest rates sooner kept the metal below the key $1,800 mark. Fundamentals Spot gold rose 0.3% to $1,794.96 per ounce by 0239 GMT, after slipping as much as 1.4% to its lowest since Nov. 5 Read More
Gold prices held close to a more than two-week low on Tuesday, as the dollar jumped on bets for quicker interest rate increases after U.S. President Joe Biden backed Federal Reserve Chair Jerome Powell for a second term. Spot gold was little changed at $1,805.95 per ounce by 0639 GMT, after sliding to its lowest Read More
Gold prices stabilized on Monday after hitting their lowest in nearly two weeks, as a retreating dollar lent some support to the metal. Fundamentals Spot gold was little changed at $1,845.48 per ounce by 0055 GMT. U.S. gold futures fell 0.3% to $1,846.80. The dollar index fell 0.1%, retreating from Friday’s high. A weaker dollar Read More
Gold prices bounced on Wednesday as inflation worries pushed investors to the safe-haven metal, unfazed by the dollar’s strength which was fuelled by bets for early interest hikes by the U.S. Federal Reserve. Spot gold rose 0.9% to $1,866.83 per ounce by 12:46 p.m. ET (1746 GMT), having dropped in the previous two sessions after Read More
Gold prices inched higher on Wednesday but hovered around a recent low, after a jump in U.S. retail sales kept the dollar close to a 16-month high. Spot gold rose 0.2% to $1,854.39 per ounce by 0207 GMT, but the metal was still only about $6 shy off its lowest level since last Friday hit Read More
Gold prices pulled back after a seven-day rally on Monday after U.S. bond yields ticked up, although prices hovered around the five-month highs touched recently underpinned by inflation worries. Spot gold fell 0.3% to $1,858.70 per ounce by 10:02 a.m. ET (1502 GMT), after touching its highest since mid-June at $1,870.04. U.S. gold futures eased Read More
Gold was flat on Friday but was set for its biggest weekly jump in six months, as high U.S. consumer prices drove interest in the metal as an inflation hedge. Fundamentals Spot gold was steady at $1,860.81 per ounce by 0110 GMT, after leaping to a five-month peak on Wednesday. U.S. gold futures edged down 0.1% to $1,862.20. Read More
Gold prices eased on Wednesday as the dollar firmed, with investors looking forward to key U.S. inflation data that could have a bearing on the Federal Reserve’s next policy move. Spot gold fell 0.4% to $1,824.90 per ounce by 0535 GMT, after recording its highest since Sept. 3 in the previous session. U.S. gold futures eased Read More
Gold prices held near a two-month high on Tuesday, drawing support from lower U.S. yields and a weaker dollar in the run-up to data could shed more light on the U.S. inflation picture. Fundamentals Spot gold edged up 0.05% to $1,825.11 per ounce by 0942 GMT, just about $2 shy of its Sept. 7 high. Read More
Gold prices eased on Wednesday, ahead of a crucial Federal Reserve decision, as investors await cues on the U.S. central bank’s plan to taper its pandemic-induced stimulus amid signs of rising inflation. Spot gold fell 0.4% to $1,780.60 per ounce by 0937 GMT. U.S. gold futures for December delivery slipped 0.4% to $1,782.10 per ounce. Read More
Gold prices were subdued on Tuesday ahead of a crucial U.S. Federal Reserve meeting that could offer cues on future interest rate hikes amid rising inflationary pressures. Fundamentals Spot gold edged down 0.04% to $1,792.25 per ounce by 1037 GMT. U.S. gold futures for December delivery dipped 0.04% to $1,795.00 per ounce. “The theme of Read More
Gold prices fell to their lowest in over a week on Friday, weighed by rising U.S. bond yields and a stronger dollar, as data showing inflGold prices fell to their lowest level in more than a week on Friday, weighed down by a stronger dollar after U.S. data showing inflation stayed hot last month put Read More
Gold prices steadied on Wednesday as a softer dollar and a pullback in U.S. Treasury yields buoyed the safe-haven metal ahead of major central bank policy meetings this week and next. Spot gold was up 0.1% at $1,784.66 an ounce by 1214 GMT after falling as much as 0.6% earlier in the session. U.S. gold Read More
The U.S. dollar lost value against major currencies on Wednesday as the Bank of Canada started off a series of awaited central bank policy comments with a hawkish tone. The moves broke a calm that had settled over the currency markets this week and took the U.S. dollar index down 0.2% to 93.759. The greenback Read More
Gold prices fell as much as 1.5% on Tuesday, snapping a five-session long streak of gains, as the dollar firmed and strong company earnings bolstered appetite for riskier assets. Fundamentals Spot gold was down 0.9% at $1,790.54 per ounce by 01:46 p.m. EDT. U.S. gold futures for December delivery settled down 0.7% to $1,793.40 per Read More
Gold prices edged lower on Tuesday, weighed down by an uptick in the dollar as investors eye upcoming key central bank meetings this week. Fundamentals Spot gold fell 0.1% to $1,805.96 per ounce by 0116 GMT. U.S. gold futures was flat at $1,806.60. On Monday, the metal rose nearly 1% to a high of $1,809.66, Read More
Gold prices held steady on Monday after cutting gains in the prior session on U.S. Federal Reserve chief Jerome Powell’s comment that inflation could ease next year and the central bank was on track to start tapering its stimulus. Fundamentals Spot gold was little changed at $1,792.95 per ounce by 0148 GMT. U.S. gold futures Read More
old prices inched up on Thursday, extending gains into a third session as a softer dollar made the metal cheaper for buyers holding other currencies. Fundamentals Spot gold rose 0.2% to $1,784.96 per ounce by 0146 GMT. U.S. gold futures were little changed at $1,784.60. Bullion prices have traded between $1,759 and $1,788 this week. Read More
