Gold prices held steady on Tuesday as bond yields fell a day before the U.S. Federal Reserve’s widely expected 75-basis-point rate hike. Spot gold was little changed at $1,719.77 per ounce by 1001 GMT. U.S. gold futures fell 0.1% to $1,718.00. “Gold is slightly higher benefiting from slightly lower U.S. interest rates,” said UBS analyst Read More
Gold prices slipped on Monday, as an elevated dollar and prospects of an aggressive interest rate hike by the U.S. Federal Reserve this week dented demand for non-yielding bullion. Fundamentals Spot gold was down 0.2% at $1,722.84 per ounce, as of 0110 GMT, after rising to a more than one-week high on Friday. U.S. gold Read More
Gold slipped into a tight range on Wednesday as a steady dollar countered limited support for bullion from expectations that the U.S. Federal Reserve may not resort to a 100-basis-point interest rate hike next week. Spot gold was down 0.96% at $1,694.59 per ounce while U.S. gold futures eased 1.06% to $1,692.5 “Gold is trading Read More
Gold steadied into a tight trading range on Wednesday, buoyed by a weaker dollar, as the market toned down chances of a 100-basis-point rate hike by the Federal Reserve next week. Spot gold was little changed at $1,711.99 per ounce by 0935 GMT. U.S. gold futures fell 0.2% to $1,707.30. While a dip in the Read More
Gold prices firmed on Monday, as a pullback in the dollar helped bullion recover some of its recent losses, while easing fears of a 100-basis-point rate hike by the U.S. Federal Reserve also supported bullion. Spot gold rose 0.8% to $1,720.81 per ounce by 0926 GMT, after falling to its lowest in nearly a year Read More
Gold prices eased on Friday and were poised for a fifth straight weekly loss, as expectations of a sizeable rate hike by the U.S. Federal Reserve powered the dollar and eroded bullion’s appeal. Spot gold firmed to $1,708.24 per ounce by 9:23 a.m. ET, but has lost about 2% so far this week. U.S. gold Read More
Gold prices steadied near an over nine-month low on Wednesday, as investors cautiously awaited U.S. inflation data for cues on the road ahead for the Federal Reserve’s monetary policy. Spot gold was 0.3% higher at $1,730.13 per ounce, after touching $1,721.98 earlier in the session, its weakest since late-September. U.S. gold futures gained 0.2% to Read More
Gold steadied on Tuesday after dropping to a nine-month low earlier as investors positioned for U.S. economic data, with a strong dollar and bets for steep interest rate hikes still keeping a leash on non-yielding bullion. Spot gold was $1,732.08 per ounce after hitting $1,722.36 earlier in the session, its lowest since Sept. 30. U.S. Read More
Gold prices edged up on Thursday from nine-month lows touched in the previous session, after a break in the dollar’s rally alleviated pressure on bullion, but analysts warned that the relief was likely to be temporary. Spot gold firmed 0.3% to $1,744.19 per ounce by 0303 GMT, as the dollar dipped slightly from the 20-year Read More
Gold prices hit a near seven-month trough on Wednesday as a stronger dollar and increasing rate-hike bets dented the zero-yielding bullion’s appeal. Spot gold fell 0.2% to $1,760.90 per ounce, after falling as much as 2.6% on Tuesday. U.S. gold futures were down 0.3% to $1,759.00. The rival safe-haven dollar climbed to a near two-decade Read More
Gold prices edged lower on Monday, as an elevated U.S. dollar hurt demand for greenback-priced bullion and also outweighed support from weakening Treasury yields. Fundamentals Spot gold was down 0.2% at $1,807.19 per ounce, as of 0101 GMT, after hitting a five-month low of $1,783.50 on Friday. U.S. gold futures fell 0.5% to $1,809.50. The Read More
Gold prices edged lower on Friday, and were on track for a third straight weekly decline, as rising U.S. Treasury yields weighed on demand for zero-yield bullion. Fundamentals Spot gold was down 0.1% at $1,805.39 per ounce, as of 0103 GMT, after hitting a more than six-week low of $1,801.50 in the previous session. U.S. Read More
Gold prices were steady on Tuesday, as traders refused to commit in either direction in the absence of market-moving catalysts. Spot gold held its ground at $1,824.51 per ounce, as of 0246 GMT. U.S. gold futures were flat at $1,824.50. A move by Britain, the United States, Japan and Canada to ban new imports of Read More
Gold edged up on Friday as the dollar retreated and recession fears buoyed its safe-haven appeal, but looming interest rates hikes set the non-yielding asset on course for a weekly dip. Spot gold rose 0.1% to $1,824.69 per ounce, after earlier touching a one-week low of $1,816.10. U.S. gold futures settled up at $1,830.3. Boosting Read More
Oil prices fell 2% in early trade on Thursday, extending losses from the previous day, as investors worried that aggressive U.S. interest rate hikes could trigger a recession and dent fuel demand. U.S. West Texas Intermediate (WTI) crude futures fell $2.39, or 2.3%, to $103.80 a barrel by 0031 GMT. Brent crude futures dropped $2.24, Read More
Gold prices eased on Tuesday as headwinds from an uptick in U.S. Treasury yields amid prospects of more interest rate hikes offset support from a retreat in the dollar. Spot gold fell 0.1% to $1,836.12 per ounce by 1006 GMT. U.S. gold futures were flat at $1,839.50. The dollar, which has actually been the key Read More
Gold inched up in choppy trade on Wednesday as concerns over economic growth boosted the metal’s safe-haven appeal ahead of U.S. inflation data that could guide the Federal Reserve’s rate hike timeline. Spot gold rose marginally higher to $1,852.25 per ounce whileU.S. gold futures settled up 0.17% at $1,855.3. “We’re seeing this push-pull mentality in Read More
Gold prices fell on Monday, pressured by an uptick in the U.S. dollar and Treasury yields, as attention turned to U.S. inflation data this week that could strengthen the case for aggressive interest rate hikes by the Federal Reserve. Spot gold was down 0.5% at $1,841.29 per ounce by 2:03 p.m. EDT (1803 GMT), while Read More
Gold prices fell on Friday, pressured by a stronger dollar and as better-than-expected U.S. jobs data raised concerns of aggressive monetary policy tightening. Spot gold fell 1% to $1,848.67 per ounce by 1759 GMT, after earlier falling to $1,846.4. U.S. gold futures settled down 1.1% at $1,850.2. Data showed U.S. employers hired more workers than Read More
Gold prices were headed for a third straight weekly gain on Friday, although they eased slightly on the day as investors waited for the key U.S. jobs report and as Treasury yields ticked higher. Spot gold was 0.2% lower at $1,864.49 per ounce by 0953 GMT, after hitting its highest level since May 9 at Read More
