Gold prices retreated slightly from a more than one-week peak on Tuesday as some investors opted for the dollar instead as surging COVID-19 Delta variant cases posed a threat to a global economic recovery. Fundamentals Spot gold fell 0.2% to $1,784.02 per ounce by 1:59 p.m. EDT (1759 GMT) after hitting its highest since Aug. Read More
Gold extended its recovery on Monday buoyed by a pullback in U.S. Treasury yields and some safe-haven buying spurred by COVID-19 related concerns, with investors looking for more direction from the Federal Reserve on monetary policy. Fundamentals Spot gold rose 0.5% to $1,787.76 per ounce by 1440 GMT, erasing declines from earlier in the session. Read More
Gold rose more than 1% on Friday as a retreat in the dollar enticed investors to snap up the bullion following its recent sell-off. Spot gold rose to $1,772.80 per ounce by 10:26 a.m. ET, after hitting its highest in more than a week at $1,774.30, in a sharp recovery from over four-month lows touched Read More
Gold prices held on to overnight gains on Thursday, after data showing U.S. consumer price increases slowed in July soothed concerns of an early tapering of economic support. Spot gold was little changed at $1,750.34 per ounce by 0104 GMT, having recorded it biggest one-day percentage gain since May 6 on Wednesday. U.S. gold futures Read More
Gold steadied on Tuesday, after three sessions of declines, as uncertainties from rising Covid-19 infections countered a buoyant dollar and bets for early tapering of the U.S. Federal Reserve’s economic support. Spot gold was little changed at $1,729.80 per ounce by 7:04 a.m. ET, while U.S. gold futures rose 0.3% to $1,731.80. Coronavirus cases in Read More
Oil prices fell by 4% on Monday, extending last week’s steep losses on the back of a rising U.S. dollar and concerns that new coronavirus-related restrictions in Asia, especially China, could slow a global recovery in fuel demand. A United Nations panel’s dire warning on climate change also added to the gloomy mood after fires Read More
Oil prices fell for a third day on Wednesday on mounting concerns that the increasing spread of the delta variant of the coronavirus in top consuming countries will cut fuel demand. Brent crude oil futures slid 57 cents, or 0.8%, to trade at $71.82 per barrel. U.S. West Texas Intermediate (WTI) crude fell 79 cents, Read More
Gold prices were caught in a tight range on Tuesday as investors held back from making large bets ahead of U.S. jobs data later this week expected to shed more light on labor market health and the Federal Reserve’s tapering timeline. Fundamentals Spot gold slipped 0.2% to $1,810.40 per ounce by 0859 GMT, while U.S. Read More
Oil prices fell on Monday as worries over China’s economy resurfaced after a survey showing growth in factory activity slipped sharply in the world’s second-largest oil consumer, with concerns compounded by higher crude output from OPEC producers. Brent crude oil futures slid by 87 cents, or 1.15%, to $74.54 a barrel by 1145 GMT after Read More
Oil prices fell on Friday but remained on track to post weekly gains with demand growing faster than supply, while vaccinations are expected to alleviate the impact of a resurgence in COVID-19 infections across the globe. Brent crude futures for September , which expire on Friday, had dropped 6 cents, or 0.1%, to $75.99 a Read More
