Tag Archives: Gold
Gold falls as investors wait for U.S. economic data
Gold prices fell nearly 1% on Thursday as investors took profits ahead of key U.S. economic data. Spot gold dropped 0.9% to $2,377.29 per ounce by 0217 GMT, while U.S. gold futures declined 1.6% to $2,376.70.
Safe-haven gold strengthens as Biden’s move sparks market uncertainty
Gold prices firmed on Monday as the dollar eased following U.S. President Joe Biden’s decision to withdraw from the 2024 presidential race. Investors turned to bullion as a hedge against an uncertain political and market outlook.
Gold prices rise in anticipation of Fed rate cut and economic uncertainty
Gold prices near record highs as anticipation of a US Fed rate cut boosts demand. Find out more about the factors driving the surge in gold.
Gold prices stay steady as optimism about U.S. rate cuts boosts the market
Key points Gold prices have shown resilience, holding their ground at $2,422.12 per ounce as of 0021 GMT. This follows Monday’s peak of $2,449.89 per ounce, the highest level since May 20. In the futures market, U.S. gold dipped by 0.1% to $2,425.60, reflecting a cautious yet optimistic sentiment among traders. See: Gold prices tradingContinue Reading
Gold slips as dollar strengthens; investors await Fed rate signals
Spot gold prices decreased by 0.2% to $2,407.29 per ounce as of 0049 GMT. Concurrently, U.S. gold futures saw a 0.4% decline to $2,411.20. Learn how the firming dollar, spurred by political uncertainties and an attack on U.S. presidential candidate Donald Trump, made gold more expensive for buyers holding other currencies.
Gold edges higher as focus turns to Fed Powell’s testimony
Gold prices experienced a slight uptick on Tuesday, reflecting cautious optimism among investors as they await critical economic updates. Spot gold rose by 0.2%, reaching $2,364.03 per ounce.
Gold rises as dollar weakens; attention turns to U.S. Fed minutes
Gold prices saw a modest rise on Wednesday, gaining 0.1% to $2,331.41 per ounce by 0026 GMT, while U.S. gold futures rose 0.3% to $2,340.50. This increase comes as the U.S. dollar weakened, making gold more affordable for holders of other currencies.
Gold holds steady as slowing inflation bolsters expectations of Fed rate cuts
Key points Gold prices held steady on Monday after data showed U.S. inflation subsided, bolstering hopes that the Federal Reserve will start cutting interest rates this year. Picture: Gold on the rise, trading at 2325.10 as seen on the VT Markets app. Spot gold rose 0.1% to $2,327.12 per ounce, as of 0202 GMT. PricesContinue Reading
Gold prices edge lower in anticipation of key US inflation data
Key points: Gold prices (Symbol: XAUUSD) edged lower on Tuesday, with the markets anticipating key US inflation data, namely the personal consumption expenditures index (PCE). The PCE announcement on Friday could shed light on the stance of the Federal Reserve on interest rate cuts. Gold prices declined to $2,324.69 per ounce, driven by a surge in theContinue Reading
Gold prices steady with rate cut speculations
Gold prices remained stable on Friday, maintaining momentum for a second consecutive weekly gain. This trend is driven by weak economic data from the U.S., which has bolstered expectations that the Federal Reserve may cut interest rates this year. Gold market performance now Spot gold held steady at $2,358.31 per ounce as of 0139 GMT,Continue Reading
