Gold prices declined on Friday as investors took the opportunity to secure profits following a rise in non-yielding bullion to its highest level in over two months during the previous session. This movement was influenced by mild U.S. inflation data, which dampened expectations regarding a potential rate hike by the Federal Reserve in September. Spot Read More
Gold reached a peak not seen in over two months on Thursday, as subdued U.S. consumer inflation dampened anticipations of a forthcoming Federal Reserve rate increase, while markets looked forward to producer price data for additional indications of easing price pressures. Spot gold increased by 0.6% to $4,433.62 per ounce by 0108, following a rise Read More
Gold strengthened on Wednesday following a decline from a 10-week peak in the prior session, as investors looked ahead to U.S. inflation data for insights into monetary policy, while ongoing tensions in the Middle East sustained worries regarding inflation driven by oil prices. Spot gold increased by 0.3% to $4,377.79 per ounce as of 0055. Read More
Gold steadied on Friday and was on track for its largest weekly gain since January, supported by declining oil prices, as investors anticipated crucial U.S. nonfarm payrolls data for insights into the interest rate outlook. Spot gold remained relatively stable at $4,235.57 per ounce as of 0045, reflecting a weekly increase of 4.8%. U.S. gold Read More
Gold experienced an increase for the fourth consecutive session on Thursday, reaching its highest level in seven weeks. This rise was supported by a weaker dollar and declining Treasury yields, fuelled by increasing optimism regarding the reopening of the Strait of Hormuz. Spot gold increased by 1% to $4,285.69 per ounce as of 0035, reaching Read More
Gold inched up on Wednesday, supported by a softer dollar, as market participants prepared for the forthcoming key U.S. jobs data to gauge the U.S. Federal Reserve’s next monetary policy move. Spot gold experienced an increase of 0.1%, reaching $4,081.09 per ounce, as of 0040. U.S. gold futures experienced a decline of 0.4%, settling at Read More
Gold maintained its position on Tuesday as investors assessed mixed signals regarding potential U.S.-Iran discussions while anticipating a series of U.S. employment reports for insights into the Federal Reserve’s trajectory on interest rates. Spot gold remained unchanged at $4,055.39 per ounce, as of 0042. U.S. gold futures increased by 0.6%, reaching a price of $4,055.10. Read More
Gold experienced an increase on Monday as oil prices declined following U.S. President Donald Trump’s decision to refrain from launching a new offensive against Iran, aiming for a prompt agreement. This development contributed to a slight alleviation of worries regarding inflation and rising interest rates. Spot gold was up 0.7% at $4,067.06 per ounce, as Read More
Gold was on track for its first monthly gain in five on Friday, as investors evaluated the implications of the U.S.-Iran conflict and analysed the Federal Reserve’s signals for insights on inflation and the trajectory for interest rates. Spot gold inched 0.2% lower at $4,096.29 per ounce, as of 0107, but was on track for Read More
Gold prices experienced a modest increase on Thursday, as market participants evaluated remarks made by U.S. Federal Reserve Chairman Kevin Warsh regarding inflation management, following the central bank’s decision to maintain interest rates at its most recent policy meeting. Spot gold increased by 0.4% to $4,080.38 per ounce, as of 0103. U.S. gold futures for Read More
