Gold prices were flat on Thursday as risk appetite improved after the U.S. Federal Reserve chairman tried to assuage fears about aggressive interest rate hikes, offsetting safe-haven demand spurred by the Russia-Ukraine conflict. Fundamentals Spot gold held its ground at $1,927.18 per ounce by 0117 GMT. U.S. gold futures rose 0.4% to $1,929.90. Ukraine’s second-biggest Read More
Palladium rose 4.5% to a near six-month peak on Wednesday, driven by fears of a hit to supply from top producer Russia, while gold firmed above the key $1,900 level as Ukraine declared a state of emergency. Russia is the world’s third-largest producer of gold, while the country’s Nornickel is also a major producer of Read More
Gold prices hit its highest in almost nine months on Tuesday before pulling back as investors waiting for more developments in the Ukraine crisis repositioned near the pivotal $1,900 an ounce mark. Spot gold was down 0.2% at $1,902.71 per ounce by 14:06 ET (1906 GMT), having hit its highest since June 1 at $1,913.89. Read More
Oil prices took a breather on Wednesday after surging to seven-year highs the previous session as it became clear the first wave of U.S. and European sanctions on Russia for sending troops into eastern Ukraine would not disrupt oil supplies. At the same time, the potential return of more Iranian crude to the market, with Read More
Gold prices fell from a more than eight-month high hit earlier on Monday, as safe-haven demand eased after the U.S. president agreed to meet his Russian counterpart over the Ukraine crisis. Fundamentals Spot gold fell 0.2% to $1,893.80 per ounce by 0139 GMT, retreating from $1,908.02 — its highest since June 3 hit earlier in Read More
Gold prices fell from a more than eight-month high hit earlier on Monday, as safe-haven demand eased after the U.S. president agreed to meet his Russian counterpart over the Ukraine crisis. Spot gold fell 0.2% to $1,893.80 per ounce by 0139 GMT, retreating from $1,908.02 — its highest since June 3 hit earlier in the session. U.S. Read More
Gold prices rose on Wednesday after the United States said Russia was still building up troops around Ukraine. Spot gold, which on Tuesday hit the highest level since June 2021 at around $1,879 per ounce, added 0.9% to $1,869.56. U.S. gold futures settled down 0.8% at $1,871.50. “Gold is attracting a wide range of investors Read More
Precious metals fell on Tuesday with gold slipping from a multi-month high and palladium shedding more than 5% as news that some Russian troops near Ukraine were returning to their bases dented demand for safe-haven assets. Spot gold was down 0.8% at $1,855.06 per ounce by 01:57 p.m. ET (1857 GMT), after hitting its highest Read More
Gold prices were steady on Friday, as bullion’s appeal as an inflation hedge was partially capped by hawkish comments from a U.S. Federal Reserve official that ramped up odds for a hefty interest rate hike next month and also lifted Treasury yields. Spot gold held its ground at $1,825.62 per ounce, as of 0328 GMT, Read More
Gold prices were stuck in a tight range on Thursday as investors awaited U.S. inflation data that could offer fresh clues about the pace of the Federal Reserve’s monetary policy tightening. Spot gold rose 0.1% to $1,833.99 per ounce by 0424 GMT, trading close to Wednesday’s high of $1,835.60. U.S. gold futures fell 0.1% to $1,835.40. Due out Read More
Gold prices rose on Monday, as growing worries over broadening price pressures lifted the metal’s appeal as an inflation hedge and helped cushion pressure from higher U.S. Treasury yields after a surprisingly upbeat jobs report. Spot gold rose 0.2% to $1,810.38 per ounce by 0129 GMT, hovering close to its highest nearly a week reached last Read More
Gold was steady on Wednesday above the $1,800 psychological level as concerns surrounding Ukraine supported the safe-haven metal, while investors awaited U.S. jobs data that is considered key for the Federal Reserve’s tapering timeline. Spot gold held its ground at $1,801.25 per ounce, as of 0102 GMT. In the previous session, bullion touched $1,805.43 as Read More
Gold prices were flat on Tuesday, as a weaker dollar countered concerns about potential interest rate hikes, while investors waited for a slew of economic data to gauge the strength of global economies. Spot gold was little changed at $1,797.94 per ounce by 0140 GMT. U.S. gold futures were up 0.2% at $1,799.10. The dollar index Read More
Gold was flat on Friday and set for its sharpest weekly decline since November, as markets digested the U.S. Federal Reserve’s policy tightening policy plan that led to a surge in dollar and Treasury yields. Spot gold was unchanged at $1,797.71 per ounce by 0532 GMT. U.S. gold futures was up 0.2% at $1,798.80. The Read More
Gold prices edged higher on Friday and were set for a second weekly gain, as safe-haven demand and lower U.S. bond yields lifted the metal’s appeal, while investors look forward to a Federal Reserve meeting for clues to its tightening timeline. Spot gold was up 0.1% at $1,840.59 per ounce, as of 0414 GMT, inching Read More
Gold prices on Thursday steadied near a two-month high hit in the previous session, with higher U.S. Treasury yields preventing any gains amid caution building around developments at the U.S. Federal Reserve’s meeting due next week. Spot gold was flat at $1,839.36 per ounce as of 0031 GMT, steadying near its highest since Nov. 22. Read More
Gold prices eased on Tuesday, pressured by higher U.S. Treasury yields, as investors looked for clues about the Federal Reserve’s interest rate hike timeline from its policy meeting next week. Spot gold fell 0.1% to $1,817.11 per ounce by 0414 GMT. U.S. gold futures were little changed at $1,816.20. Global investor attention remains fixed on Read More
Gold prices on Friday were poised for their best weekly gain since last November, as investors await economic data that could provide clarity about U.S. Federal Reserve’s tapering policy, while a weaker dollar and Treasury yields supported bullion. Spot gold was flat at $1,820.08 per ounce, as of 0048 GMT. U.S. gold futures edged down Read More
Gold prices held steady near a one-week high on Wednesday, as traders kept an eye out for U.S. inflation data for rate clues after less hawkish comments from the Federal Reserve chief fuelled a bullion rally in the previous session. Spot gold was little changed at $1,819.90 per ounce by 0634 GMT, after scaling a near Read More
Gold prices rose on Tuesday, supported by a weaker U.S. dollar and Treasury yields, as traders awaited December inflation data and weighed bets for quicker interest rate hikes. Spot gold rose 0.3% to $1,805.98 per ounce by 0535 GMT. U.S. gold futures were up 0.4% to $1,805.40. “Pullback in both the U.S. dollar and 10-year treasury Read More
