Gold eased from an earlier near three-week high on Monday as investors prepared for Congressional testimony from Federal Reserve Chair Jerome Powell this week and monthly U.S. jobs data, both of which could influence interest rate policy. Spot gold was down 0.5% at $1,846.54 per ounce by 2:56 p.m. ET, after hitting its highest since Read More
Oil prices pared early gains on Thursday as signs of a strong economic rebound in top crude importer China were offset by fears over the impact of potential increases to European interest rates. Brent crude futures were up 33 cents, or 0.41%, at $81.08 a barrel by 3:35 p.m. ET. U.S. West Texas Intermediate (WTI) Read More
Gold prices rose on Friday and looked set to post their biggest weekly gain since mid-January, as the U.S. dollar eased, while traders assessed prospects of further rate hikes by the Federal Reserve. Spot gold was up 0.2% at $1,838.84 per ounce, as of 0358 GMT, rising about 1.5% so far in the week. U.S. Read More
Gold prices were set to break their three-session winning run on Thursday, weighed down by a firmer dollar and as bullion’s outlook remains clouded by prospects of further interest rate hikes from the U.S. Federal Reserve. Spot gold was down 0.3% at $1,831.70 per ounce, after hitting a one-week peak in the previous session. U.S. Read More
Gold prices eased on Tuesday and were headed for their biggest monthly loss since June 2021 as impending interest rate hikes by the U.S. Federal Reserve sapped the non-yielding asset’s appeal. Spot gold was down 0.5% at $1,808.99 per ounce after hitting a two-month low on Monday. U.S. gold futures fell 0.5% to $1,815.80. Bullion Read More
Gold prices were flat on Thursday as the prospects of U.S. interest rates staying higher for longer kept bullion on a tight leash. Spot gold was up less than 0.1% at $1,825.30 per ounce. U.S. gold futures slipped 0.4% to $1,833.50. Elevated interest rates dampen gold’s appeal as an inflation hedge while raising the opportunity Read More
Brent oil fell on Tuesday as concern about a global economic slowdown that would reduce demand prompted investors to take profits on the previous day’s gains, outweighing supply curbs. The focus in the wider financial market is firmly on the release on Wednesday of the minutes of the U.S. Federal Reserve’s latest meeting, after recent Read More
Gold prices on Friday were on track for their third straight weekly dip, weighed down by a stronger dollar and bond yields following fresh hawkish rhetoric from U.S. Federal Reserve officials. Spot gold was last down 0.02% at $1,841.15 per ounce, after earlier falling to its lowest since late December. Prices have fallen 1.4% so Read More
Gold prices regained some ground on Thursday as the U.S. dollar pulled back, although prospects of more interest rate hikes by the Federal Reserve kept investors on edge. Spot gold was up 0.3% at $1,840.94 per ounce, as of 0333 GMT, after hitting its lowest level since early January on Wednesday. U.S. gold futures rose Read More
Gold prices fell on Wednesday as the dollar firmed after data showed U.S. inflation rose last month at its slowest pace since late 2021, reinforcing investor concerns that the Federal Reserve would persist with monetary policy tightening. Spot gold was down 1% at $1,835.80 per ounce after falling to its lowest since early January on Read More
Oil prices dipped on Tuesday after the U.S. government said it would release more crude from its Strategic Petroleum Reserve, while traders look out for U.S. inflation data for further queues. Brent crude futures fell 80 cents, or 0.9%, to $85.81 per barrel, while U.S. crude futures fell $1.05, or 1.3%, to $79.09 per barrel. Both benchmarks are Read More
Gold prices edged higher on Tuesday as the dollar slipped, with investors positioning for a U.S. inflation report that could influence the Federal Reserve’s interest rate strategy. Spot gold was up 0.5% at $1,861.91 per ounce after falling to its lowest since early January in the previous session. U.S. gold futures rose 0.4% to $1,870.50. Read More
Gold prices edged lower on Monday on a firmer dollar as investors squared positions before U.S. inflation data that could influence the Federal Reserve’s rate-hike roadmap. Spot gold was down 0.2% at $1,861.95 per ounce, as of 0302 GMT. U.S. gold futures eased 0.1% to $1,872.20. Bullion is often seen as an inflation hedge, but Read More
Gold prices fell on Thursday as investors braced for more interest-rate hikes from the U.S. Federal Reserve, with focus now turning to inflation data due next week that could be an important factor for the central bank’s monetary policy plans. Spot gold fell 0.5% to $1,865.60 per ounce by 2:09 p.m. ET (1909 GMT), going Read More
Gold prices edged lower on Thursday, as the dollar steadied and after U.S. Federal Reserve officials said more interest rate increases were likely to curb inflation. Spot gold was down 0.1% at $1,874.58 per ounce, as of 0054 GMT. U.S. gold futures fell 0.2% to $1,886.20. The dollar was largely steady against its rivals. A stronger Read More
Gold prices regained some ground on Monday but a firmer dollar and concerns that the U.S. Federal Reserve might keep hiking interest rates kept bullion below the key $1,900-an-ounce level. Spot gold was up 0.4% at $1,872 per ounce, after hitting its lowest level since Jan. 6 earlier in the session. U.S. gold futures rose Read More
Gold prices steadied on Friday after a sharp sell-off in the previous session, as traders digested rate-hike remarks from global central banks, but the metal was set for its first weekly drop in seven amid a strong dollar. Spot gold edged 0.2% higher to $1,916.31 per ounce by 0233 GMT, after shedding 2% in a sell-off on Thursday that was fueled by Read More
Gold prices on Tuesday were on track for their third straight monthly gain, helped by an overall weaker dollar and expectations around slower rate hikes from the U.S. Federal Reserve. Spot gold was near its session-highs, up 0.23% to $1,928.23 per ounce by 4:30 p.m. ET. Bullion has gained 5.7% in January. U.S. gold futures Read More
Gold prices eased on Tuesday, but were en route to their third straight monthly gain, as market participants awaited the U.S. Federal Reserve policy decision later this week. Spot gold was down 1% at $1,902.75 per ounce. The contract, however, was headed for a monthly gain of 4%. U.S. gold futures were down 1.1% at Read More
Gold steadied on Friday with gains capped by a stronger dollar, but the metal was still set for a sixth straight weekly rise ahead of the U.S. Federal Reserve’s rate decision next week. Spot gold edged up 0.1% to $1,931.61 per ounce, yet gave up gains earlier in the session after data showed U.S. consumer Read More
