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
Oil prices rose on Tuesday as a supply crunch in natural gas, electricity and coal continued across the globe while falling temperatures in China revived concerns over whether the world’s biggest energy consumer can meet domestic demand for heating. The Brent crude benchmark rose 71 cents, or 0.8%, to $84.98 per barrel, after falling 0.6% Read More
Gold dipped on Monday, extending its steep sell-off from the previous session, as U.S. bond yields and the dollar strengthened. Spot gold fell 0.2% to $1,764.22 per ounce by 0701 GMT, after Friday’s 1.6% slide. U.S. gold futures declined 0.2% to $1,764.70. Denting gold’s appeal by raising the non-yielding asset’s opportunity cost, benchmark U.S. 10-year Read More
Gold prices hit their highest in almost a month on Thursday, drawing support from a subdued dollar and U.S. bond yields as investors assessed whether the Federal Reserve would tighten its monetary policy as early as anticipated. Spot gold rose 0.3% to $1,797.27 per ounce by 0920 GMT, having earlier hit its highest since Sept. 15 Read More
Oil prices dropped on Wednesday, after a mixed finish in the previous session, amid worries that soaring coal and natural gas prices in China, India and Europe will stoke inflation and slow global growth, reducing oil demand. A strong U.S. dollar, trading near a one-year high, also weighed on oil prices, as it makes oil more expensive for those holding other currencies. Read More
Gold prices edged higher on Tuesday drawing strength from rising inflation fears that has rattled financial markets, although concerns over looming U.S. Federal Reserve tapering limited gains. Spot gold rose 0.2% to $1,757.84 per ounce by 0904 GMT, while U.S. gold futures were up 0.1% at $1,757.70. Risk sentiment in wider financial markets was subdued, as inflation fears Read More
Gold eased slightly on Monday as the dollar firmed on expectations that the Federal Reserve would move forward with its plans to taper economic support despite U.S. September jobs data falling short of forecasts. Spot gold fell 0.2% to $1,752.68 per ounce by 0942 GMT, while U.S. gold futures eased 0.2% to $1,753.20. Spot silver Read More
Gold was little changed on Friday as investors stayed on the sidelines awaiting the confirmation of a strengthening U.S. labour market that could keep the Federal Reserve on track to start unwinding economic stimulus this year. Spot gold rose 0.1% to $1,757.10 per ounce by 0905 GMT, while U.S. gold futures fell 0.2% to $1,756.00. Read More
Gold fell on Wednesday, holding below the key technical $1,750 level, as Treasury yields and the dollar gained in the run-up to Friday’s U.S. labor market report that could influence the Federal Reserve’s tapering schedule. Fundamentals Spot gold fell 0.7% to $1,747.61 per ounce by 0923 GMT, while U.S. gold futures shed 0.8% to $1,747.50. Investors flocked to Read More
Gold prices inched up on Thursday but hovered near a seven-week low, constrained by a strong dollar and expectations of the U.S. Federal Reserve winding down stimulus measures soon. Fundamentals Spot gold was up 0.2% at $1,729.83 per ounce by 0054 GMT. Prices fell to their lowest level since Aug. 9 at $1,720.49 on Wednesday. U.S. gold futures were up 0.4% Read More
Gold prices were flat near a seven-week low on Wednesday, pressured by a rise in the dollar and U.S. Treasury yields on growing expectations of an earlier-than-anticipated interest rate liftoff. Fundamentals Spot gold was flat at $1,735.17 per ounce by 0123 GMT. On Tuesday prices fell to their lowest level since Aug. 11 to $1,726.19. Read More
Oil markets climbed for a sixth day on Tuesday, reversing earlier losses, on fears over tight supply while surging prices of liquefied natural gas (LNG) and coal also lent support. Brent crude futures gained $1.05, or 1.3%, to $80.58 a barrel at 0645 GMT, after reaching its highest since October 2018 at $80.75 earlier in Read More
