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 declined on Tuesday, settling beneath a two-week peak reached in the prior session, as investors anticipated the forthcoming release of the U.S. Federal Reserve’s June meeting minutes to gain insights into the monetary policy trajectory under new Chair Kevin Warsh. Spot gold declined by 0.4% to $4,148.59 per ounce as of 0043, while 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 experienced an increase on Friday, positioning itself for its first weekly gain in five weeks, as investors moderated their expectations regarding Federal Reserve interest rate hikes in light of softer-than-anticipated U.S. jobs data. Spot gold increased by 0.5% to $4,144.83 per ounce, reaching its highest level since June 23. U.S. gold futures for August Read More
Gold prices continued to rise on Thursday, following a peak not seen in over a week during the prior session. This upward movement came as investors assessed weaker-than-anticipated employment figures, with declining oil prices providing further support to the precious metal. Spot gold rose 0.8% to $4,063.56 per ounce, as of 0103, after reaching a 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 prices experienced a decline on Monday, influenced by the resurgence of U.S.-Iran tensions that drove oil prices upward, alongside the prevailing expectations of interest rate increases by the U.S. Federal Reserve, which further exerted pressure on the metal. Spot gold experienced a decline of 0.5%, trading at $4,067.99 per ounce, as of 0045. U.S. Read More
