Gold prices experienced a slight uptick in early Asian trading on Wednesday, yet they remained near a one-week low. This movement was influenced by stronger-than-anticipated US inflation data, which bolstered expectations for a Federal Reserve interest rate hike next month, thereby exerting pressure on bullion. Spot gold was up 0.2% at $4,039.07 per ounce, as Read More
Gold prices experienced a slight decline during early Asian trading on Tuesday, as market participants anticipated US inflation data later in the day to gain insights into the Federal Reserve’s forthcoming policy decisions. Spot gold declined by 0.3% to $4,128.48 per ounce as of 0024, following an increase of over 1% in the prior session, Read More
Gold prices increased in early Asian trade on Friday and were set for a weekly gain, as investors anticipated the US non-farm payrolls report later in the day for new insights on the Federal Reserve’s interest rate trajectory. Spot gold increased by 0.4% to $4,103.55 per ounce by 0023, and is on course for a Read More
Gold prices experienced an uptick on Thursday, following their most significant daily increase since mid-August in the prior session. This rise was supported by a depreciating US dollar, as investors looked ahead to this week’s non-farm payrolls report for insights into the Federal Reserve’s policy direction. Spot gold increased by 0.6% to $4,082.76 per ounce Read More
Gold prices experienced a modest increase during early Asian trading on Wednesday, as declining oil prices alleviated inflation worries. Meanwhile, investors remained attentive to the outcomes of the US midterm elections and significant labour market data for insights into policy direction. Spot gold increased by 0.2% to $3,934.75 per ounce at 0024, while US gold Read More
Gold prices experienced a modest increase during early Asian trading on Tuesday, following a significant rise of over 2% in the prior session. This uptick comes as a notable decline in oil prices has alleviated inflation worries, while market participants remain attentive to the results of the US midterm elections scheduled for later in the Read More
Gold prices experienced a slight increase during early Asian trading on Monday, yet remained close to a one-year low. Ongoing concerns regarding inflation have bolstered expectations that the Federal Reserve may implement interest rate hikes later this year, thereby diminishing the attractiveness of bullion. Spot gold increased by 0.5% to $3,894.89 per ounce as of Read More
Gold prices experienced a decline in early Asian trading on Friday, following a drop of over 1% in the prior session. This movement is attributed to persistent inflation in the United States, which has heightened expectations for additional rate hikes by the Federal Reserve, thereby exerting downward pressure on bullion. Spot gold experienced a decline Read More
Gold prices experienced a modest increase on Wednesday, following a rise of approximately 1% in the prior session. Investors are closely monitoring the Federal Reserve’s policy decision scheduled for later in the day, with expectations that the central bank will maintain the current interest rates. Spot gold increased by 0.1% to $4,061.86 per ounce at Read More
Gold prices experienced a decline on Friday, positioning themselves for the most significant weekly drop in over four months. This movement was influenced by rising oil prices and robust US economic data, which heightened expectations that the Federal Reserve would maintain elevated interest rates for an extended period. Spot gold experienced a decline of 0.1%, Read More
