Gold prices saw a minor uptick on Friday; nonetheless, they were headed for a third straight weekly drop, affected by a robust dollar and a firm position from the U.S. Federal Reserve, which has lowered hopes for upcoming rate cuts. Spot gold rose by 0.2% to $4,657.50 per ounce as of 0112. This week, bullion Read More
Gold prices increased by as much as 2% on Monday following significant military actions by the U.S. and Israel against Iran, resulting in the death of Supreme Leader Ayatollah Ali Khamenei. This development has heightened geopolitical tensions and intensified global economic uncertainty. Spot gold increased by 1.72% to $5,368.09 an ounce, as of 0010, reaching Read More
On Thursday, gold prices saw a slight rise, bolstered by a declining dollar and increased demand for safe assets amid ongoing uncertainty surrounding U.S. tariff policies and negotiations between the U.S. and Iran. Spot gold rose by 0.3%, hitting $5,184.43 per ounce as of 0110. Bullion hit a high not observed in more than three Read More
Gold prices showed minimal change on Wednesday, after a drop of more than 1% in the previous session, as the dollar continued to hold its recent strength, making dollar-denominated metals more expensive for global buyers. Spot gold held steady at $5,146.18 per ounce by 0054, after reaching a level not observed in more than three Read More
Gold saw a slight uptick on Wednesday, fueled by dip-buying, after a drop of more than 2% in the prior session attributed to progress in U.S.-Iran negotiations. Furthermore, quiet trading linked to the Lunar New Year celebrations throughout Asia has put downward pressure on prices. Spot gold rose by 0.2% to $4,886.69 per ounce as Read More
On Tuesday, gold saw a drop of 1%, with trading remaining quiet in major Asian markets due to the Lunar New Year holidays, compounded by the influence of a rising dollar. Spot gold fell 0.9% to $4,947.98 per ounce by 0110, after a 1% drop earlier in the session. U.S. gold futures for April delivery Read More
Gold and silver experienced a rebound on Friday, driven by bargain-hunting, following a decline to one-week lows in the prior session. A breach below crucial support levels exacerbated losses, as selling pressure mounted after robust U.S. jobs data diminished expectations for rate cuts. Spot gold experienced a 1% increase, reaching $4,966.83 per ounce by 0127, Read More
On Wednesday, gold and silver prices experienced an uptick as U.S. Treasury bond yields declined, following the release of data indicating that December retail sales growth had stagnated, suggesting a potential softening of the economy in anticipation of important employment figures. Spot gold increased by 0.3% to $5,038.73 per ounce as of 0059. U.S. gold Read More
Gold and silver continued to rise on Monday as the dollar experienced a decline, while investors looked ahead to an important U.S. labor market report scheduled for later in the week to assess the direction of interest rates. Spot gold increased by 1.4% to $5,029.09 per ounce as of 0037, following a nearly 4% rise Read More
Gold prices surpassed the $5,000 threshold for the first time, despite the closure of Indian commodity markets on Monday (January 26) in observance of Republic Day, achieving an intraday peak of $5,091.5 an ounce in international markets. The yellow metal experienced a notable increase of 2.2%, equating to $111 per ounce, in early trading as Read More
