Gold edged higher on Wednesday following the release of U.S. inflation data, which alleviated concerns regarding imminent rate hikes. However, escalating tensions in the Gulf and a significant increase in oil prices maintained investor attention on the interest-rate outlook, thereby constraining gains in non-yielding bullion. Spot gold increased by 0.1%, reaching $4,056.69 per ounce as Read More
Gold declined to a two-week low on Tuesday as the U.S.-Iran conflict in the Gulf caused oil prices to surge, heightening inflation concerns. This was compounded by hawkish comments from Federal Reserve Governor Christopher Waller, which further solidified expectations for increased U.S. interest rates. Spot gold experienced a decline of 0.2%, trading at $3,993.83 per Read More
Gold declined by more than 1% during early Asian trading on Monday, as concerns regarding the potential closure of the Strait of Hormuz propelled oil prices significantly upward, rekindling anticipations of sustained high interest rates to address inflationary pressures. Spot gold declined by 1.2%, reaching $4,072.78 per ounce as of 0050. U.S. gold futures for Read More
Gold steadied early on Friday as markets evaluated the inflation risks arising from the recent U.S.-Iran military escalation in the Middle East, with renewed expectations for rate hikes positioning the non-yielding metal for a weekly decline. Spot gold maintained its position at $4,122.09 per ounce, as of 0047, and was on track for a decline Read More
Gold prices declined on Thursday following a dip to a one-week low in the prior session, as U.S. President Donald Trump’s announcement that an interim agreement to resolve the conflict with Iran was “over” rekindled worries regarding elevated inflation and interest rates. Spot gold declined by 0.3% to $4,066.24 per ounce as of 0105, following Read More
Gold declined on Wednesday, reaching its lowest point in almost a week. This movement coincided with U.S. military actions in Iran, which propelled oil prices and the dollar upward. Such developments have heightened worries that inflation may persist, potentially leading to sustained higher interest rates that could negatively impact non-yielding bullion. Spot gold declined by Read More
Gold prices stayed near a two-week high on Monday, after a U.S. jobs report from the previous week came in cooler than expected, which slightly eased expectations for interest rate hikes by the Federal Reserve. Spot gold held steady at $4,175.02 per ounce by 0028, marking a weekly rise of over 2% following four weeks Read More
Gold prices continued to decline on Wednesday, following a drop to a seven-month low in the prior session. The diminishing likelihood of a lasting U.S.-Iran peace agreement has intensified inflation worries and strengthened anticipations of Federal Reserve interest rate increases. Spot gold was down 0.6% at $3,981.69 per ounce, as of 0112, after hitting its Read More
Gold experienced a decline of more than 1% on Tuesday, positioning itself for a fourth consecutive monthly decrease. This movement comes as uncertainty in the Middle East yields to anticipations of U.S. interest rate increases aimed at controlling inflation. Spot gold experienced a decline of 1.5%, reaching $3,957.74 per ounce by 0112, positioning it for Read More
