Gold closed with a small loss on Wednesday as the dollar rose and treasury yields weakened after US fourth-quarter gross domestic product growth was revised down to 3.2% from 3.3%.
Gold for April delivery closed down US$1.40 to settle at US$2,042.70 per ounce.
The US Bureau of Economic Analysis revised its estimate for economic growth slightly downward while the consensus estimate expected the original 3.3% report would remain unchanged.
The dollar rose following the revision, making gold more expensive for international buyers. The ICE dollar index was last seen up 0.13 points to 103.96.
Treasury yields weakened, bullish for gold since it offers no interest. The US two-year note was...
Gold was mostly steady early on Wednesday as the dollar rose and treasury yields weakened after US fourth-quarter gross domestic product growth was revised down to 3.2% from 3.3%.
Gold for April delivery was last seen up US$0.70 to US$2,044.80 per...
Oil futures fell Wednesday after industry data showed a large rise in U.S. crude inventories last week ahead of official government figures.
Meanwhile, OPEC+, made up of the Organization of the Petroleum Exporting Countries and its allies,...
The British pound slipped against the stronger dollar, its first daily drop against the U.S. currency in seven trading days, with investors avoiding risks before key inflation data that could determine when central banks begin easing...
Gold steadied before the release of US inflation data that may provide clues on when the Federal Reserve will pivot to monetary easing.
The core personal consumption expenditures price index is expected to rise when it’s released on...
Silver (XAG/USD) remains under heavy selling pressure for the third successive day on Wednesday – also marking the fifth day of a negative move in the previous six and drops to over a two-week low during the first half of the European session. The...
The U.S. dollar firmed in early European trade Wednesday, shrugging off signs of U.S. economic weakness ahead of the release of this week’s key inflation data as traders look for clues as to when the Federal Reserve will start cutting interest...
Oil prices ticked up slightly on Monday following the widely expected extension of voluntary output cuts by the OPEC+ producer group on Sunday.
Brent futures climbed 14 cents to $83.69 a barrel at
Gold surged close to a new record high as intensifying concerns about conflict in the Middle East pushed investors to the traditional safe haven.
Spot bullion rose as much as 1.6% before
Gauge of the dollar held near a seven-week high as investors waited for comments from Federal Reserve Chair Jerome Powell to gauge his views on the US economy. Australia’s dollar declined amid
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