Gold reached a low not seen in over two weeks on Wednesday, influenced by rising U.S. Treasury yields and a stronger dollar, as investors looked to upcoming U.S. jobs data for insights into the trajectory of interest rates. Spot gold stabilised at $4,333.49 per ounce by 0017 following a decline to its lowest level since Read More
Gold remained close to its peak in over two months on Thursday following an unexpected liquidity support announcement from the U.S. Treasury, which resulted in a decline in yields and the dollar. Spot gold remained relatively stable at $4,512.19 per ounce as of 0031, following a peak earlier in the day at $4,525.79, marking its 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 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 prices fell by more than 1% on Monday, driven by a strong dollar and decreasing hopes for possible interest rate cuts by the U.S. Federal Reserve. Spot gold fell by 1.2%, settling at $4,620.68 per ounce as of 0047. Gold futures in the U.S. for April delivery fell by 0.7% to $4,647.10. The rise Read More
