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Oil prices fell on Friday as demand fears were stoked by rising interest rates and a stronger dollar, though losses were capped by Moscow’s mobilization campaign in its war with Ukraine and apparent deadlock in talks on reviving the Iran nuclear deal. Brent crude futures fell $2.81, or 3.11%, to $87.65 a barrel by 1051 GMT. Read More

Gold prices dropped more than 1% to their lowest since April 2020 on Friday as a cocktail of factors from a robust dollar and elevated U.S. bond yields to worries around more U.S. interest rate hikes diminished bullion’s appeal. Spot gold was down 1.7% at $1,642.79 per ounce by 1058 GMT and was heading for its Read More

Oil prices fell about 1% to a near two-week low in volatile trade on Wednesday after the U.S Federal Reserve delivered another hefty rate hike to quell inflation that could reduce economic activity and demand for oil. The Fed raised its target interest rate by 75 basis points for the third time to a 3.00-3.25% range and signalled more Read More

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