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 experienced a slight decline on Monday as the dollar strengthened following a more than 2% increase in bullion during the prior session. This movement was influenced by cooler-than-expected U.S. inflation data, which heightened expectations for potential interest rate reductions by the Federal Reserve. Spot gold declined by 0.4%, reaching $5,020.10 per ounce as of 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 experienced a decline on Tuesday, yet remained above the $5,000-per-ounce threshold, as investors maintained a cautious stance in anticipation of crucial U.S. jobs and inflation data set to be released later this week, which will offer insights into the U.S. Federal Reserve’s interest rate path. Spot gold decreased by 0.7%, reaching $5,029.49 per ounce 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 and silver prices shifted direction to increase in trading on Friday, experiencing some bargain buying following significant volatility and substantial losses earlier in the week. Silver continued to lag, poised to decline approximately 14% this week, effectively erasing a recent rebound. Gold was positioned for a modest weekly decline, yet it was trading approximately Read More
Gold increased by over 1% on Thursday, remaining close to one-week highs, as geopolitical and economic tensions persisted in supporting prices, with silver and palladium also experiencing gains. Spot gold increased by 1.1% to $5,016.89 per ounce, as of 0039. Bullion reached an unprecedented peak of $5,594.82 last Thursday. U.S. gold futures for April delivery Read More
Gold prices rose by more than 2% on Wednesday, building on their best performance since 2008 in the previous session, driven by bargain-hunting and a declining dollar that supported bullion. Spot gold saw a rise of 2.2%, hitting $5,044.74 per ounce as of 0112, after a substantial increase of 5.9% on Tuesday, marking its largest Read More
Gold experienced an increase of over 3% on Tuesday, recovering from a nearly one-month low reached in the prior session, as market participants prepared for a lack of significant economic data this week resulting from a partial U.S. government shutdown. Spot gold increased by 3.7% to $4,837.16 per ounce by 0120, following a decline to Read More
