Gold Tempers After Soaring in Asian Trading Hours

Gold prices soften, having spiked during the Asian trading hours after hitting a new record high on Friday. New York continuous futures prices are 0.4% lower at $2,081.70 a troy ounce after rising to $2,152.30 an ounce earlier on Monday, according to data from FactSet. "Markets are pricing in...

Gold takes heart from softer dollar

Gold prices rose on Thursday, hovering close to a key $2,000/oz level, as an overall weaker dollar and lower treasury yields buoyed demand for bullion. Spot gold was up 0.4% at $1,997.39/oz, at 3.54am GMT, after hitting a three-week high of $2,007.29 on Tuesday. US gold futures gained 0.3% to...

Gold Takes a Breather as Investors Await US Economic Data

Gold prices held steady on Monday after hitting a five-month peak in the last session as investors looked forward to key U.S. economic data this week and kept a close watch on growing unrest in the Middle East. Spot gold was ticked down 0.1% $1,978.29 per ounce by 7:55 a.m. ET, and U.S. gold...

Gold Swings as Investors Eye Lebanon Shelling, US Labor Costs

Gold fluctuated after renewed Israeli shelling of sites in Lebanon fueled geopolitical tensions, while data from the US pointed to a hot economy. Israel’s army fired at targets near the border between the countries, according to the state-run National News Agency. Gold spiked following the...

Gold Swings After Hotter-Than-Expected US Inflation Readings

Gold swung after data showed US inflation accelerated more than expected, tempering market expectations that the Federal Reserve will soon start cutting interest rates. The consumer price index increased 3.4% in the year through December, the most in three months according to...

Gold surpasses $2,000 mark with Israel-Hamas war, Fed meeting in focus

Gold prices traded around the key $2,000 level on Monday, as investors positioned cautiously ahead of the U.S. Federal Reserve’s policy meeting this week and safe-haven demand due to the Middle East conflict provided a floor. Spot gold was up 0.3% at $2,003.40 per ounce. U.S. gold futures slid...

Gold Surges With Metals as Middle East Tensions Rock Markets

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 paring gains after US officials said Israel had struck targets in Iran, raising the risk of a wider...

Gold Surges To 6-Month High, And Analysts Expect New Records In 2023

The price of gold notched a six-month high early on Tuesday, and analysts believe the rally has further to go in 2023. Spot gold peaked just below $1,850 per troy ounce in the early hours, before easing off to trade around $1,838.60 per ounce. U.S. gold futures were up 1% at $1,845.10. Gold...

Gold Surges as Escalating Middle East Tensions Bolster Demand

Safe-haven gold gained on Thursday as persistent tensions in the Middle East added to the metal's appeal despite robust economic data from the U.S. that raised prospects of fewer interest rate cuts. Spot gold firmed 1% at $2,384.83 per ounce at 1:47 p.m. ET (1747 GMT). Prices touched an all-time...

Gold Surges Above $1,900 as Israel War Catches Bears Off Guard

Gold surged by the most since March, jumping back above $1,900 an ounce, as bearish investors were caught off guard by the conflict between Israel and Hamas that threatens to escalate. The precious metal’s gain accelerated Friday as it broke through a key technical level, climbing as much as...

Gold Subdued on Dollar Strength as Markets Await Economic Data

Gold prices edged lower on Tuesday as the U.S. dollar climbed, while investors looked forward to key economic data this week for signs on how long the interest rates could keep rising to quell sticky inflation. Spot gold was down 0.1% at $1,961.49 per ounce by 0343 GMT, while U.S. gold futures...

Gold Subdued Near One-Week Low as Dollar Firms on Hawkish Fed Remarks

Gold prices were flat on Wednesday after hitting an almost one-week low, pressured by a stronger dollar as hawkish comments from a Federal Reserve official diminished hopes of a U.S. interest rate cut in March. Spot gold was flat at $2,027.29 per ounce, as of 1245 GMT. It fell 1.3% in the...

Gold Subdued by Fed’s Higher-for-Longer Interest Rate Stance

Gold prices slipped on Monday as the dollar and U.S. Treasury yields firmed on the Federal Reserve’s higher-for-longer stance on interest rates. Spot gold was down 0.5% at $1,915.61 per ounce, while U.S. gold futures settled 0.5% lower at $1,936.6. “Slightly hawkish Fed and global central banks...

Gold Subdued as US Inflation Surprise Casts Doubt on Mid-Year Rate Cut

Gold prices were flat on Wednesday, after falling the most in a month in the previous session, as sticky U.S. inflation raised concerns an interest rate cut by the Federal Reserve may be delayed beyond June. Spot gold was little changed at $2,157.88 per ounce, as of 0438 GMT. U.S. gold futures...

Gold subdued as US inflation surprise casts doubt on June rate cut

Gold prices steadied on Wednesday, after posting their biggest drop in a month in the previous session, as sticky U.S. inflation raised concerns that the Federal Reserve might delay going for an interest rate cut beyond June. Spot gold edged 0.1% up to $2,158.70 per ounce, as of 0759 GMT. U.S....

Gold Subdued as Traders Strap in for Fed Minutes

Gold edged lower on Wednesday with most investors on the sidelines ahead of minutes from the U.S. Federal Reserve’s November policy meeting that could offer hints on its tightening path. Spot gold was 0.2% lower at $1,737.54 per ounce, while U.S. gold futures were dipped 0.1% at $1,738.50. Apart...

Gold Subdued as Investors Brace for U.S. Inflation Data

Gold prices edged lower on Monday on a firmer dollar as investors squared positions before U.S. inflation data that could influence the Federal Reserve’s rate-hike roadmap. Spot gold was down 0.3% at $1,858.30 per ounce. U.S. gold futures eased 0.26% to $1,869.60. Bullion is often seen as an...

Gold Subdued as Dollar Ticks Higher; Investors Eye Fed Outlook

Gold prices were flat on Wednesday on a firmer dollar, although the bullion was anchored in a narrow range with investors awaiting further guidance on U.S. Federal Reserve’s policy tightening. Spot gold was flat at $1,653.06 per ounce, as of 0118 GMT, while U.S. gold futureswere down 0.2% at...

Gold Subdued As Dollar Firms; Focus On Upcoming Fed Meet

Gold edged lower on Thursday due to a slight uptick in the dollar, although bullion traded in a narrow range as investors looked to the U.S. Federal Reserve’s interest rate hike decision next week. Spot gold was down 0.2% at $1,782.13 per ounce as of 0942 GMT after rising more than 1% on...

Gold Subdued As Dollar Firms, Investors Seek More Fed Cues

Gold prices edged lower on Wednesday due to an uptick in the dollar, although bullion traded in a narrow range as investors stayed on the sidelines awaiting more cues on the U.S. Federal Reserve policy. Spot gold was down 0.1% at $2,176.80 per ounce, as of 0533 GMT. U.S. gold futures were flat at...

Gold subdued as dollar firms in run up to U.S. inflation report

Gold prices eased on Thursday as the dollar staged a rebound ahead of U.S. inflation data, although bullion was heading for its second monthly rise boosted by hopes that the Federal Reserve would cut interest rates soon. Spot gold eased 0.2% to $2,041.19 per ounce. Bullion is up 2.8% so far this...

Gold Stumbles On Higher Yields As Market Reassess Fed Path

Gold prices slid more than 1% Wednesday on higher U.S. yields and the dollar, as some investors bet that a pause to the Federal Reserve's rate hike may take longer than previously thought. Spot gold was down 1.5% at $1,974.89 per ounce, while U.S. gold futures were down 1.6% to...

Gold Stuck in Tight Range as Traders Seek Direction From U.S. Data

Gold prices were stuck in a narrow $10 trading range on Wednesday as investors held back from making big bets ahead of U.S. economic data this week that could shed more light on the Federal Reserve’s interest rates outlook. Spot gold was 0.1% higher at $1,972.09 per ounce, having declined in the...

Gold Struggles for Momentum as Traders Await US Inflation Data

Gold prices were steady on a weaker dollar on Tuesday, although bullion struggled for momentum as investors were wary of placing big bets ahead of U.S. inflation data that could influence the Federal Reserve's policy trajectory. Spot gold held its ground at $1,926.19 per ounce by 0231 GMT. U.S....

Gold Struggles For Direction as Traders Await Fresh Catalyst

Gold was little changed Wednesday as investors assessed mixed signals including a slightly weaker dollar, rising Treasury yields and more hawkish commentary from a Federal Reserve policymaker. Bullion has had a tepid week so far, ekeing out modest gains as the greenback’s strength -- a major...

Gold Struggles for Direction Ahead of Fed’s Jackson Hole Meet

Gold prices firmed above recent lows on Tuesday, with the non-yielding asset holding ground despite U.S. Treasury yields powering to nearly 16-year highs as investors look ahead to the central bankers’ meeting this week for clues on interest rates. Spot gold held its ground at $1,895.70 per ounce...

Gold Steady; Rally Extension Likely U.S. Data Dependent

Gold is steady in the early morning Asian session, with more U.S. economic data likely needed to extend the current rally, analysts say. Market participants probably have to watch February and March data before another move higher by the precious metal, with Friday's U.S. nonfarm payrolls data...

Gold Steady; More Weak Data Needed for Rally to Extend Further

Gold is steady in the early Asian session after gold futures settled at a record high on Friday. Coming U.S. economic data such as nonfarm payrolls could well be catalysts for the precious metal to rise further if they come in substantially weaker than expected, says Bart Melek, head of Commodity...

Gold Steady; May Weaken Ahead of FOMC Meeting

Gold is trading steadily in the early morning Asian session, but may weaken ahead of the FOMC's two-day meeting that begins later today. Gold's strength may diminish this week, says Fawad Razaqzada, market analyst at City Index and FOREX.com, in an email. The FOMC meeting could signal the Fed...

Gold Steady; May Face Correction Risks

Gold is steady in the early Asian session, but may face correction risks, analysts say. Market expectations for the Fed's monetary policy continue to change, says Wael Makarem, financial market strategist at Exness, in commentary. Traders continue to monitor various comments from Fed officials...

Gold Steady; May be Weighed by Technical Factors

Gold is steady in the early Asian session, but may be weighed by technical factors following its recent rally, analysts say. The precious metal is looking technically overbought, says Fawad Razaqzada, market analyst at City Index and FOREX.com, in an email. Gold needs to "work off" its overbought...

Gold Steady; Investors Await Key Inflation Data

Gold is steady early on in the Asia session. The precious metal is moving in a tight range as investors await key inflation data and comments from Fed members to get a better idea on the timing of the first interest-rate cut, ICICIdirect analysts say in a note. Gold prices are closely related to...

Gold Steady; Geopolitical Tensions May Support

Gold is steady in the early Asian session and may remain supported by geopolitical tensions, analysts say. Ongoing tension between Israel and Hamas will likely continue this year, which is poised to provide a cushion for gold prices, says Deveya Gaglani, a research analyst at Axis Securities, in...

Gold Steady, Underpinned by Likely Safe-Haven Demand

Gold is steady in the early Asian session, underpinned by likely safe-haven demand amid the Hamas-Israel conflict. The precious metal could easily garner renewed strength as the Middle East situation remains intense, says Fawad Razaqzada, market analyst at City Index and FOREX.com, in an email....

Gold Steady, Supported by Speculators' Buying Interest

Gold is trading steadily in the early morning Asian session, supported by buying interest from commodity trading advisors, also known as speculators. There appears to be CTA buying activity, says Daniel Ghali, senior commodity strategist at TD Securities, in a research note. The brokerage reckons...

Gold Steady, Supported by Signs of Physical Demand

Gold is trading steadily in the early morning Asian session. Physical demand appears strong, with Switzerland's gold exports increasing to 151.3 tons in October from 99.1 tons in September, ANZ Research analysts say in a research report. Also, gold shipments to India tripled to 49.4 tons ahead of...

Gold Steady, Supported by Potential Safe-Haven Demand

Gold is steady in the early Asian session, supported by potential safe-haven demand amid ongoing tensions between U.S. and China over suspected spy balloons. The precious metal appears to be performing better than most risky assets, which could possibly be due to some safe-haven flows, says...

Gold Steady, Supported by Demand Ahead of Lunar New Year

Gold is trading steadily in the early morning Asian session. There is strong physical demand ahead of the Lunar New Year holidays, together with signs of speculative buying activity out of China, Daniel Ghali, senior commodity strategist at TD Securities, says in a research report. TD Securities'...

Gold Steady, May Be Weighed by Fading Fed Rate-Cut Bets

Gold is trading steadily in the early morning Asian session, but may be weighed by fading Fed rate-cut bets, which could reduce the appeal of the non-interest-bearing precious metal. Stronger U.S. economic data and positive sentiment in the broader financial markets have damped Fed rate-cut...

Gold Steady, Copper Drops as US Inflation Set to Give Direction

Gold held its recent gains while copper edged lower, ahead of a US inflation report due later Thursday that could influence the size of the Federal Reserve’s next rate hike. Economists see the consumer price index rising 0.6% in October from the month before, an uncomfortably high level for...

Gold Steady With US Inflation Data Suggesting Fed to Keep Hiking

Gold was steady as traders weighed US data that highlighted the Federal Reserve’s challenge in dealing with an ailing economy that continues to be dogged by accelerating inflation. Bullion is on track for a small weekly gain after two successive weeks of declines, though prices are...

Gold Steady With US Debt-Ceiling Negotiations at an Impasse

Gold steadied after a small gain in the previous session as US debt-ceiling talks continued to drag on with no resolution in sight. After tumbling last week to the lowest since early April, bullion has been trading in a tight range as investors wait for more clarity on the debt-ceiling standoff...

Gold Steady With Spotlight on Middle East Risks, Fed Meeting

Gold prices held steady on Friday, supported by continued safe-haven demand fuelled by Middle East tensions, while investors awaited the U.S. Federal Reserve policy meeting due next week. Spot gold was down 0.2% at $1,980.35 per ounce. U.S. gold futures fell 0.4% to $1,989.60. Prices held steady...

Gold Steady With Focus on Rates Outlook and Risks of Recession

Gold fluctuated between gains and losses as investors weighed the increasing risk of a global recession against the Federal Reserve’s tightening path. Bullion has had a wild ride this year, tumbling almost 20% since a March peak as the Federal Reserve aggressively tightened monetary policy,...

Gold Steady on Prospect for Rate Hikes and Ebbing Haven Demand

Gold was steady in Asia following a 0.4% drop on Monday as prospects for more tightening from major central banks and ebbing haven demand dimmed the outlook for the metal.  The Federal Reserve paused interest-rate increases last week, but indicated more hikes were likely and...

Gold Steady Near Two-Week Low Ahead of Key US Inflation Data

Gold held near a two-week low before inflation data that’s expected to give a clearer picture of the US interest-rate path. The US CPI for August, to be released Wednesday, will provide evidence on the effectiveness of the Federal Reserve’s inflation-busting tightening campaign and...

Gold Steady Near Two-Week Low Ahead of Key US Inflation Data

Gold held near the lowest in over two weeks before inflation data that’s expected to give a clearer picture of the US interest-rate path. The US CPI, to be released Wednesday, is forecast to show headline inflation accelerated in August even as the core measure cooled year-on-year. Any...

Gold Steady Near Two-Week High as Market Waits for Fed Rate Cues

Gold was steady near a two-week high as the market waited for more clues on when the Federal Reserve will start cutting interest rates. Bullion has traded in a narrow range so far this week ahead of the Fed’s favored inflation gauge due Thursday. The core personal consumption...

Gold Steady Near Two-Week High as Market Waits for Fed Rate Cues

Gold was steady near a two-week high as traders waited for more clues on when the Federal Reserve will start cutting interest rates. Bullion has traded in a narrow range so far this week ahead of the Fed’s favored inflation gauge due Thursday. The core personal consumption...

Gold Steady Near Three-Month Low With More Rate Hikes Likely

Gold was steady near a three-month low on prospects for more interest-rate hikes from major central banks. Traders are giving up on the idea that the Federal Reserve will cut rates this year after Chair Jerome Powell flagged last week that the benchmark rate could go up by another...

Gold Steady Near Record High Amid Muddy Fed Rate-Cut Outlook

Gold steadied after surging to a record in the previous session following data showing US inflation was cooling, before paring gains on a surprise expansion in manufacturing. The precious metal hit an all-time high of $2,265.73 an ounce early on Monday, after a closely watched...

Gold Steady Near Record High Ahead of Slew of Inflation Reports

Gold was steady ahead of a slew of inflation reports that may offer more clarity on when central banks will start cutting interest rates. The Federal Reserve’s preferred measure of underlying inflation — the core personal consumption expenditures index, which excludes food and...

Gold Steady Near Lowest This Year Following Hawkish Fed Signals

Gold was little changed after slumping the most in a month after hawkish comments by Federal Reserve Chair Jerome Powell, which triggered a shift in bets to a larger rate increase than markets had previously expected.  The dollar and Treasury yields gained Tuesday after Powell...

Gold Steady Near Highest This Month as Treasury Yields Drop

Gold held haven gains to trade near the highest this month held as Treasury yields fell following comments from Federal Reserve officials suggesting interest rates are high enough. Yields on US government bonds notched some of their biggest one-day losses all year on...

Gold Steady Near Five-Month Low With Treasury Yields Surging

Gold was steady near a five-month low on increasing signs that US interest rates will need to stay higher for longer.  The 10-year Treasury yield kept rising Tuesday after reaching a 16-year high in the previous session, signaling bondholders are bracing for the risk that...

Gold Steady in Wake of Latest U.S. Inflation Data

Gold is flat in early Asian trading session, steadying after rising overnight following U.S. inflation data that firmed Fed rate-cut views. The figures came in line with expectations, underlining that the stage is set for an interest-rate cut later this year, ANZ Research analysts say in a...

Gold Steady in Subdued Market Following Weak US Factory Print

Gold was steady in Asia amid subdued trading ahead of the US Independence Day holiday, with investors weighing weak manufacturing data that offered more evidence of an economic slowdown. US factory activity fell to its weakest level in more than three years, while production and...

Gold Steady But Off 6-Wk Peak As Credit Suisse Lifeline Lifts Sentiment

Gold edged higher on Thursday, helped by a weaker dollar, but prices held below last session's 6-week peak as risk sentiment improved after Credit Suisse, the latest focal point of a potential banking crisis, secured funds. Spot gold rose 0.3% to $1,924.15 per ounce by 1122 GMT, after jumping to...

Gold Steady Before US Inflation Data That May Hold Rate Clues

Gold was steady as investors waited for fresh US economic data that may offer clues on the interest-rate trajectory. The precious metal has been hovering around the $2,020 an ounce-mark so far this week. It remains close to its record high — after rallying 1.4% last week — and is being...

Gold Steady Before US Inflation Data as Market Seeks Rate Cues

Gold was steady as markets awaited a crucial US inflation report this week, which may firm expectations for when the Federal Reserve will start to loosen monetary policy. CPI data due Thursday is likely to show that disinflation continues to be very slow in supercore categories, which...

Gold Steady Before US Data That Could Embolden Fed Pivot Bets

Gold steadied after a five-day rally that’s pushed it close to an all-time high — ahead of US data that may solidify bets the Federal Reserve will be able to start cutting rates in the first half of next year. The so-called core PCE price index which economists tend to see as a better gauge...

Gold Steady Before Inflation Data That May Give Fed Rate Clues

Gold stayed in a holding pattern ahead of key US inflation data due later Thursday that could determine whether its two-month uptrend continues.  Cooler US inflation and labor-market numbers have raised expectations Federal Reserve will dial back their hawkishness this year, even as...

Gold Steady as Weaker US Yields Cancel Out Rate-Hike Prospects

Gold was steady for a second day as traders weighed support from falling US Treasury yields and a weaker dollar, with both easing despite expectations for further monetary tightening by the Federal Reserve. Yields on US government bonds slumped on Monday, which is typically...

Gold Steady as US Rate-Hike Speculation Stays in Spotlight

Gold was steady for a second day, as traders weighed the outlook for more rate hikes in the US that could affect the precious metal’s next direction. US Treasury yields climbed on Tuesday, which is typically negative for non-interest bearing bullion, after Pimco’s Richard...

Gold Steady as US Rate-Hike Speculation Stays in Spotlight

Gold held steady for a second day, as traders weighed the outlook for more interest-rate hikes in the US following comments from an ex-policymaker. Former Federal Reserve Vice Chair Richard Clarida said the bank would probably raise rates again in this cycle and would be unlikely to cut them...

Gold Steady as Treasury Yields Decline, Fed Rate-Hike Bets Cut

Gold held steady even as Treasury yields posted sharp declines, amid recent dovish commentary from Federal Reserve officials that indicated further interest rate rises this year are unlikely. Yields on US government bonds notched some of their biggest one-day losses all...

Gold Steady as Traders Wait for Fed Chair to Take Center Stage

Gold steadied ahead of commentary from the head of the US Federal Reserve that will provide clues on the trajectory of interest rates. Chair Jerome Powell will testify before a Senate panel later on Tuesday and a US House of Representatives committee on Wednesday, at which he is...

Gold Steady as Traders Track China Meeting and Powell’s Remarks

Gold steadied below a two-week high, as traders weighed China’s modest growth target for 2023 and awaited comments from Federal Reserve Chair Jerome Powell. Bullion on Friday capped its biggest weekly gain since mid-January, supported by a weaker dollar and data showing Chinese...

Gold Steady as Traders See Likelihood of Pause to Rate Hikes

Gold steadied as traders weighed comments from US Federal Reserve Chair Jerome Powell, who on Friday suggested the central bank will pause interest-rate increases next month. The central bank chief said officials can “afford to look at the data” to assess the lagged effects of the...

Gold Steady as Traders Question Rate View on Strong US Data

Gold nudged higher following the previous session’s drop as stronger-than-expected US economic data bolstered bets that the Federal Reserve could hike interest rates again this year. The metal had fallen 0.5% on Wednesday. US service-sector activity rose sharply in August —...

Gold Steady as Traders Mull Sluggish China Growth, Fed Rate Path

Gold held steady for a second day, with investors weighing the impact of a sluggish Chinese economic recovery on global growth against signs the US Federal Reserve is nearing the end of its monetary-tightening cycle. Concerns about the world’s second-biggest economy triggered a...

Gold Steady as Traders Mull Size of Fed’s Looming Rate Hikes

Gold was steady in Asia as traders assessed whether the Federal Reserve will next week indicate its hawkish interest-rate policy will be maintained for the rest of the year. Bullion has been whipsawed in the past few months, tumbling almost 20% from a March peak as the US central bank...

Gold Steady as Traders Mull Size of Fed’s Looming Rate Hikes

Gold held steady as traders assessed whether the Federal Reserve will indicate next week if its hawkish interest-rate policy will continue for the rest of the year. Bullion has been whipsawed in the past few months, tumbling almost 20% from a March peak as the US central bank aggressively...

Gold Steady as Traders Mull Size of Fed’s Coming Rate Hikes

Gold was steady in Asia as traders assessed whether the Federal Reserve will next week indicate its hawkish interest-rate policy will be maintained for the rest of the year. Bullion has been whipsawed in the past few months, tumbling almost 20% from a March peak as the US central bank...

Gold Steady as Traders Mull Possible Progress on US Debt Ceiling

Gold steadied as investors weighed signs that policymakers may be nearing a solution to the US debt-ceiling standoff. Republican and Democrat negotiators resumed discussions in Washington ahead of a meeting later Monday between President Joe Biden and House Speaker Kevin McCarthy....

Gold Steady as Traders Mull More Fed Tightening Ahead of US Data

Gold steadied as traders weighed the prospect of further monetary tightening from the Federal Reserve ahead of a slew of US economic data. The precious metal has fallen around 7% from this year’s peak reached early last month as prospects for higher rates continue to keep a lid on bullion,...

Gold Steady as Traders Mull Bank Rescue Ahead of Fed’s Next Move

Gold was steady as traders analyzed the US government-led rescue of failed lender First Republic Bank, which landed as the Federal Reserve looks set to again raise interest rates this week. JPMorgan Chase & Co. agreed to acquire First Republic after its collapse last month,...

Gold Steady as Traders Look for Catalysts After Rate Decisions

Gold steadied as prospects for more tightening from major central banks and ebbing haven demand kept prices contained. Bullion has mainly traded in a fairly narrow range between $1,940 and $1,980 an ounce this month, after dropping in May from a near record high. With the US debt-ceiling...

Gold Steady as Traders Await US Inflation For Rates Direction

Gold steadied as traders awaited US inflation data later in the week for direction on the Federal Reserve’s rate path. The metal inched lower as the dollar strengthened. The US consumer price index is due Wednesday, and will be keenly watched for any surprises that could shift consensus...

Gold steady as traders await U.S. inflation data, Fed verdict

Gold prices rose slightly on Tuesday as investors held back from making large bets ahead of U.S. inflation data and the Federal Reserve’s rate-hike decision. Spot gold was up 0.3% at $1,787.22 per ounce. U.S. gold futures edged 0.4% higher to $1,798.70. The dollar index was down 0.1%, making...

Gold Steady as Traders Await Next Set of Clues on Fed Outlook

Gold held a two-day gain as traders awaited further clues on the outlook for US interest rates, with the Federal Reserve set to release minutes of its recent meeting midweek. Bullion for immediate delivery was little changed above $2,018 an ounce, after advancing more than 1% over the prior...

Gold Steady as Traders Await Fresh Clues on Fed Rate-Hike Plans

Gold was steady as investors waited for fresh data from the US, including the Federal Reserve’s favored gauge of inflation, for clues on the rate-hike trajectory in 2023.  Aggressive monetary tightening by the Fed this year has lifted Treasury yields and the dollar, which has helped push...

Gold Steady as Traders Await Firmer Signs of Rate Hikes Easing

Gold was steady amid signs that US inflation is cooling, fueling speculation that the Federal Reserve will soon pause tightening.  Despite slipping on Wednesday, bullion is up more than 0.5% this week and is within reach of a record high. It has been trading above $2,000 an ounce for...

Gold Steady as Traders Await Fed Minutes for Guidance on Rates

Gold held steady as traders await minutes from last month’s Federal Reserve meeting for fresh hints on the central bank’s monetary-policy path. Bullion has declined about 6% from a 2023 peak in May, pressured by hawkish rhetoric from Fed officials following their June meeting when rates were left...

Gold Steady as Traders Await Fed Minutes for Guidance on Rates

Gold held steady as traders awaited minutes from last month’s Federal Reserve meeting for fresh hints on the central bank’s monetary-policy path. Bullion has declined about 6% from a 2023 peak in May, pressured by hawkish rhetoric from Fed officials following their June meeting when rates were...

Gold Steady as Traders Await Fed Minutes for Clues on Tightening

Gold steadied as investors await Federal Reserve minutes due for release later Wednesday for fresh clues on how the path of monetary tightening could impact the precious metal. Bullion has been under pressure throughout the year as the US central bank hiked rates, boosting bond yields and...

Gold Steady as Traders Assess Fed Comments and Wait for Minutes

Gold was steady in Asia as investors look to Federal Reserve minutes due for release later Wednesday for fresh clues on the precious metal’s direction. Bullion snapped a four-day losing streak in the previous session after Fed officials indicated they were open to implementing less...

Gold Steady as The Dollar Rises and Yields Dip as US Q4 GDP Growth Revised Downward

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 ounce. The US Bureau of Economic Analysis...

Gold Steady as Risk-Appetite Return Offset by US Slowdown Signs

Gold was steady in Asia after rising 0.6% in the previous session, with traders weighing a return of risk appetite against fresh signs the US economy is losing steam. The Nasdaq 100 notched its best ever first-half of a year, with prospects for bigger returns in the technology...

Gold Steady as Risk Assets Surge on Hopes Fed Hiking Cycle Over

Gold steadied following a three-day decline, as investors cut bets on further monetary tightening following a Federal Reserve meeting. European stocks and US futures rallied on Thursday as traders reacted to the possible end of the central bank’s campaign of interest-rate hikes. Gold traded...

Gold Steady as Mixed US Data Muddies Fed Rate-Path Picture

Gold was steady after mixed US economic data muddied the outlook for the Federal Reserve’s likely rate path, amid conjecture on whether its economy is running too hot or too cold. Key gauges of inflation and labor costs showed signs of cooling on Friday, even as second-quarter...

Gold Steady as Markets See Lower Odds of Another 2023 Rate Hike

Gold was steady after traders slightly unwound bets on another rate hike this year, with key US inflation data due this week set to show a deceleration. The annual core metric that strips out food and energy from the Federal Reserve’s preferred inflation measure may have fallen below...

Gold Steady as Markets Price In High-For-Longer Rate Scenario

Gold held steady ahead of a Federal Reserve policy decision amid expectations US interest rates will stay higher for longer to curb inflation. While Chair Jerome Powell and his colleagues are expected to hold borrowing costs steady later Wednesday, swaps markets are...

Gold Steady as Markets Mull Higher-for-Longer Rate Outlook

Gold was steady following a weekly advance after the world’s top central bankers stressed the need to keep interest rates high until inflation is contained at the Jackson Hole gathering.  There was a fresh selloff in US bonds after Federal Reserve Chair Jerome Powell...

Gold Steady as Markets Cautious Ahead of ECB Decision, U.S. Data

Gold held its ground on Thursday near three-week lows ahead of an interest rate decision by the European Central Bank as well as U.S. economic data that could provide clues on the monetary policy outlook. Spot gold was flat at $1,906.29 per ounce, after touching its lowest level since Aug. 25 at...

Gold Steady as Markets Await Inflation Data for Rate Path Clues

Gold held last week’s loss as investors looked ahead to crucial US inflation figures due Tuesday, which will offer clues on the path forward for interest rates. The consumer price index excluding food and fuel, a measure favored by economists as a better indicator of underlying inflation, is...

Gold Steady as Markets Await Inflation Data for Rate Path Clues

Gold held last week’s loss as investors looked ahead to crucial US inflation figures due Tuesday, which will offer clues on the path forward for interest rates. The consumer price index excluding food and fuel, a measure favored by economists as a better indicator of underlying inflation, is...

Gold Steady as Markets Await Inflation Data for Rate Path Clues

Gold held last week’s loss as investors looked ahead to Tuesday’s crucial US inflation figures, which will offer clues on the path forward for interest rates. The consumer price index excluding food and fuel, a measure favored by economists as a better indicator of underlying inflation, is...

Gold Steady as Markets Assess Signs of Resilience in US Economy

Gold was steady after a modest decline on Wednesday as US data pointed to signs of resilience in the US economy that could affect the Federal Reserve’s rate path. Retail sales fell 0.1% in October, a smaller decline than economists had forecast, which could make it more difficult to...

Gold Steady as Market Weighs Economic Headwinds From Debt Deal

Gold was steady — after rising 0.8% on Tuesday — as investors assessed the possible impact of a US debt-ceiling deal that could add another headwind to an already fragile economy. Bullion is down around 2% this month, erasing gains made earlier in May when it surged to near a record on fears...

Gold Steady as Market Looks to US Inflation for Fed Rate Clues

Gold was steady Friday — but was set for a modest weekly decline — as traders looked to US inflation data due next week for hints on the Federal Reserve’s rate-hike path. The Fed has tightened aggressively this year to curb inflation, which has pushed down bullion. The precious metal clawed...

Gold Steady as Market Awaits US Inflation Data and Fed Decision

Gold was steady as the market waited for key US inflation data, along with rate decisions from the Federal Reserve and other central banks. The Fed’s round of aggressive tightening this year has helped push gold about 14% lower from a March peak. Still, bullion has trended upward since early...

Gold Steady as Market Awaits US Inflation Data and Fed Decision

Gold was steady as the market waited for key US inflation data, along with rate decisions from the Federal Reserve and other central banks. The US consumer price index later on Tuesday is expected to show inflation cooling from the year-before for the sixth consecutive month. The Fed is...

Gold Steady as Looming US Data May Give Clues on Fed’s Rate Path

Gold kept within a narrow trading band, ahead of fresh 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 show a rise when it’s released on Thursday. The central...

Gold Steady as Investors Look to Powell for Clues on Rate Path

Gold was steady for a second day as traders waited for comments from Federal Reserve Chair Jerome Powell for clues on the outlook for monetary policy over 2023. Since tumbling 2.5% on Friday after unexpectedly strong US jobs data, bullion has traded in a narrow band amid a lack of...

Gold Steady as Investors Look Past US Inflation Print

Gold steadied as investors weighed US inflation data that accelerated to a four-month high against tensions in the Middle East. US equity futures climbed Friday, boosted by solid earnings from Amazon.com Inc. and Intel Corp. Traders weren’t fazed by...

Gold Steady as Investors Lean In to 2024 Rate Cut Expectations

Gold was steady after an auction of Treasury notes on Tuesday, with markets bracing for an aggressive path of Federal Reserve interest-rate cuts in 2024. Buyers piled in to sales of US bonds on Tuesday, with the auction for two-year debt priced below its when-issued yield — a sign...

Gold steady as investors await US economic data

Gold was flat on Thursday as investors awaited a raft of US economic data that could influence the Federal Reserve’s policy trajectory, after minutes of its June meeting reaffirmed expectations that interest rates could remain higher for longer. Spot gold held its ground at $1,918.59 per ounce by...

Gold Steady as Investors Await Fed Guidance on US Rate Outlook

Gold was steady as investors await the Federal Reserve’s rate decision later Wednesday, with policymakers due to present forecasts that could shed light on the timing of a pivot to monetary easing. The precious metal has traded in a narrow band this week, before the release of the Fed’s...

Gold Steady as Investors Assess Fed Interest Rate Outlook

Gold steadied following Friday’s dip as investors assess the path for US interest rates next year. The precious metal fell 0.8% on Friday, trimming a weekly gain, after New York Fed President John Williams said it’s premature for officials to begin thinking about cutting...

Gold Steady as Investors Assess Fed Interest Rate Outlook

Gold steadied following Friday’s dip as Federal Reserve officials pushed back against expectations for early rate cuts next year. The precious metal fell 0.8% on Friday, trimming a weekly gain, after New York Fed President John Williams said it’s premature for officials...

Gold Steady as Investors Assess Fed Interest Rate Outlook

Gold steadied following Friday’s dip as Federal Reserve officials pushed back against expectations for early rate cuts next year. The precious metal fell 0.8% on Friday, trimming a weekly gain, after New York Fed President John Williams said it’s premature for officials...

Gold Steady as Investor Focus Shifts to Looming US Rate Outlook

Gold was steady as markets prepared for the Federal Reserve’s rate decision later Wednesday, with policymakers due to present forecasting that could shed light on when the US central bank will pivot to lowering borrowing costs. The precious metal has traded in a narrow band this week as...

Gold Steady as Inflation Data Could Prove Key to Next Rate Move

Gold held gains, with investors turning their focus to upcoming US inflation data that will influence the Federal Reserve as it mulls when to pause its monetary tightening cycle. The precious metal has risen almost 1% this week following its 1.4% increase last week, to put it within reach of...

Gold Steady as Hopes of Fed Slowdown Counter Firmer Dollar

Gold prices were steady on Monday, having risen 1.8% in the previous session, as hopes that the U.S. Federal Reserve will adopt a less aggressive policy stance later in the year countered pressure from a firmer dollar. Spot gold held its ground at $1,656.09 per ounce, as of 0113 GMT. Prices...

Gold Steady as Hawkish Fed Officials Signal Further Tightening

Gold was little changed as investors weighed the latest hawkish comments from Federal Reserve officials that they won’t relent on tighter policy until inflation is under control. After traders initially cheered the softer-than-expected US inflation data last week, Fed...

Gold Steady as Hawkish Fed Officials Signal Further Tightening

Gold was little changed as investors weighed the latest hawkish comments from Federal Reserve officials that they won’t relent on tighter policy until inflation is under control. After traders initially cheered softer-than-expected US inflation data last week, Fed...

Gold Steady as Geopolitical Woes Counter Firmer Dollar, Yields

Gold prices were steady on Wednesday after rallying to record highs last week, as safe-haven demand fuelled by geopolitical risks in the Middle East partially offset pressure from higher U.S. dollar and Treasury yields. Spot gold held its ground at $2,381.68 per ounce, as of 0337 GMT, after...

Gold steady as geopolitical woes counter firmer dollar, yields

Gold prices were steady on Wednesday, holding just below record-high levels as safe-haven demand, fuelled by geopolitical risks in the Middle East, offset the pressure from higher U.S. dollar and Treasury yields. Spot gold held its ground at $2,384.19 per ounce, as of 0803 GMT, not far off the...

Gold Steady as Fed’s Rate-Easing Path in 2024 Remains Clouded

Gold held marginal gains, as uncertainty clouds the Federal Reserve’s path on monetary policy after officials poured cold water over market bets on rate cuts early next year. Federal Reserve Bank of Chicago President Austan Goolsbee was the latest to join a chorus of officials...

Gold Steady as Fed Remarks Counter Safe-Haven Demand

Gold prices steadied on Thursday as a pushback from U.S. Federal Reserve officials on market hopes for early interest rate cuts offset safe-haven demand after Israel rejected a ceasefire offer from Hamas amid continuous talks to end the Gaza conflict. Spot gold held its ground at $2,033.56 per...

Gold Steady as Fed Officials Adopt Dovish Policy Tone

Gold prices held near a more than one-week high on Wednesday as the dollar edged lower after several U.S. Federal Reserve officials suggested that the recent surge in Treasury yields might make further rate hikes less necessary. Spot gold was trading at $1,859.43 per ounce as of 0529 GMT after...

Gold Steady as Dollar Rebounds With Robust US Economic Data

Gold was steady as the dollar rebounded following data that indicate the US economy continues to hold up in the face of tighter monetary policy. Data on Thursday indicated the US continued to grow at a solid pace, while the labor market remained firm. The Federal Reserve has been trying to cool...

Gold Steady as Covid Protests in China Dampen Risk Sentiment

Gold steadied after earlier declines as traders weigh growing unrest in China ahead of key US economic data that may bear on the Federal Reserve’s next rate hike. Stocks in Asia and Europe slid on Monday as the protests in the world’s second biggest economy hit risk appetite among...

Gold Steady as Buoyant Traders Look Beyond Haven Assets

Gold steadied after Friday’s decline, as a move toward risk-on assets after the US resolved its debt-default saga quelled appetite for the precious metal. Traders on Monday were concentrating on the surge in equities at the expense of bullion, which has slipped more than 5% since...

Gold Steady Ahead of US Rate Decision as Investors Eye Yields

Gold steadied ahead of the Federal Reserve’s interest-rate decision, even as high US bond yields put pressure on the precious metal. Bullion has retreated this week after surging above $2,000 an ounce on Friday for the first time since May amid concerns the Israel-Hamas conflict could...

Gold Steady Ahead of US Labor Data, Crucial Fed Rate Decision

Gold was steady in Asia after eking out a sixth weekly gain ahead of a Federal Reserve decision this week at which policy makers are expected to ease the pace of rate hikes. Bullion has rallied since early November on the prospect of less hawkishness, and as the dollar and US bond yields...

Gold Steady Ahead of US Debt-Ceiling Deal Vote in Congress

Gold was steady near the lowest level since mid-March as investors weighed the chances of the US debt-ceiling deal being passed, and also its impact on government spending. President Joe Biden and House Speaker Kevin McCarthy voiced confidence their tentative agreement will pass...

Gold Steady Ahead of US Data Clues on Fed’s Rate-Hike Trajectory

Gold was steady after two days of declines amid bets that the Federal Reserve will start to curtail its aggressive rate-hike program as inflation slows. The precious metal has rallied in the past two months, climbing above $1,900 an ounce to hit an eight-month high Friday. That followed...

Gold Steady Ahead of US Data as Traders Eye China Reopening

Gold steadied after earlier touching the highest level since July as traders weighed more US economic data and China’s relaxation of its strict Covid-Zero policies. Bullion had been hurt by the Fed’s aggressive rate hikes this year, but recent indications that the central bank is becoming...

Gold Steady Ahead of US Data as Traders Eye China Reopening

Gold steadied after earlier touching the highest level since July as traders weighed more US economic data and China’s relaxation of its strict Covid-Zero policies. Bullion had been hurt by the Fed’s aggressive rate hikes this year, but recent indications that the central bank is becoming...

Gold Steady Ahead of Rate Decisions That Could Give it Direction

Gold was steady in Asia ahead of meetings at the Federal Reserve and other major central banks that could provide fresh direction for the precious metal. Bullion has been trading in a relatively tight range between $1,940 and $1,980 an ounce this month after falling in May on easing...

Gold Steady Ahead of Likely Rate Pause at Fed Meeting This Week

Gold steadied before a Federal Reserve meeting this week at which policymakers are expected to pause interest-rate hikes to take stock of economic headwinds and banking strains. Bullion is little changed from Thursday, when a surge in US unemployment claims curbed bets on another rate increase,...

Gold Steady Ahead of Key US Jobs Report After Big Drop Thursday

Gold traded little changed after its biggest drop in two weeks, ahead of US jobs data that may bear on the outlook for the Federal Reserve’s monetary tightening. Data Thursday showed hiring at US companies far exceeded expectations in December, while applications for jobless benefits fell to a...

Gold Steady Ahead of Key US Inflation Data and Midterm Elections

Gold held steady in Asia as eyes turn to the US, where this week’s latest inflation readings and midterm elections may provide fresh clues on the precious metal’s direction.  Bullion has been whipsawed this year by the Federal Reserve’s aggressive rate hikes designed to cool inflation,...

Gold Steady Ahead of Key US Data as Traders Seek Rate-Path Clues

Gold was steady following a weekly decline, as traders weighed the outlook for interest rates ahead of crucial US economic data due this week. Tuesday’s core inflation reading is expected to ease fractionally lower to 3.7% on an annual basis, according to average forecasts from...

Gold Steady Ahead of Key US Data as Traders Seek Rate-Path Clues

Gold was steady following a weekly decline, as traders weighed the outlook for interest rates ahead of crucial US economic data due this week. The US inflation rate due Tuesday is forecast to have dropped to 2.9% in January from 3.4% the prior month, according to consensus estimates of...

Gold Steady Ahead of Key Meeting on US Debt-Ceiling Stalemate

Gold was steady after edging higher Monday before a meeting to try and resolve the US debt-ceiling stalemate.  Bullion traded near $2,015 an ounce ahead of the meeting between President Joe Biden and House Speaker Kevin McCarthy to be held of Tuesday afternoon in Washington....

Gold Steady Ahead of Key Meeting on US Debt-Ceiling Stalemate

Gold was steady after edging higher Monday before a meeting to try and resolve the US debt-ceiling stalemate.  Bullion traded near $2,015 an ounce ahead of the meeting between President Joe Biden and House Speaker Kevin McCarthy on Tuesday afternoon in Washington. The precious...

Gold Steady Ahead of Key Data as Traders Temper Rate-Cut Hopes

Gold was steady ahead of a crucial US inflation report, with markets tempering expectations for Federal Reserve rate cuts early this year. Investors are gearing up for turbulent trading in the wake of US consumer price data due later Thursday, which may firm views on when the Fed will start...

Gold Steady Ahead of Key Data as Traders Temper Rate-Cut Hopes

Gold was steady ahead of a crucial US inflation report, with markets tempering expectations for Federal Reserve rate cuts early this year. Investors are gearing up for turbulent trading in the wake of US consumer price data due later Thursday, which may firm views on when the Fed will start...

Gold Steady Ahead of Fresh Data Clues on Fed’s Inflation Fight

Gold was steady after dipping in the previous session as traders mulled the latest comments from Federal Reserve officials that signaled its inflation fight won’t be ending soon. Bullion has been pressured by monetary tightening and hawkish outlooks from central banks, which has pushed...

Gold Steady Ahead of Fed Meeting as Traders Seeks Clues on Rates

Gold steadied before a Federal Reserve meeting that’ll provide clues on when the US central bank will start cutting interest rates. The Federal Open Market Committee meets Wednesday, with expectations for looser monetary policy early this year receding. Swaps markets now see just a 42%...

Gold Steady Ahead of Fed Meeting as Market Waits for Rate Clues

Gold was steady ahead of a Federal Reserve meeting that may provide a steer on when the US central bank will start cutting interest rates. The Federal Open Market Committee meets later Wednesday, with expectations for looser monetary policy early this year receding. Swaps markets now see...

Gold Steady Ahead of Big Week for Global Interest-Rate Decisions

Gold was steady ahead of rate decisions in the coming week from countries representing almost half the global economy, including the US, the UK and Japan. Bullion is holding near record highs after rising sharply since mid-February, a rally that was partially driven by expectations...

Gold Steady After Worst Month Since Mid-2021 as Rate Hikes Loom

Gold was steady in Asia — after posting its worst monthly performance since mid-2021 — as traders waited for more clues on the path of US interest rates. Bullion dropped 5.3% in February, although it rose 0.9% over the last two sessions of the month, on increasing signs that...

Gold Steady After Weekly Loss as Rate-Hike Prospects Dent Appeal

Gold was steady in Asia after its first weekly decline in three as the prospect of more monetary tightening and ebbing haven demand kept prices subdued.  Bullion dipped 0.2% last week on signs the Federal Reserve and the European Central Bank will keep raising interest rates,...

Gold Steady After Weekly Loss as Rate-Hike Prospects Dent Appeal

Gold was steady after its first weekly decline in three as the prospect of more monetary tightening and ebbing haven demand kept prices subdued.  Bullion dipped 0.2% last week on signs the Federal Reserve and the European Central Bank will keep raising interest rates, a...

Gold Steady After Weekly Gain on Signs Fed May Pause Rate Hikes

Gold held a weekly gain, after a US jobs report on Friday supported optimism the Federal Reserve is nearing the end of its tightening cycle. The data suggested the US labor market is undergoing a controlled cooling, illustrated by solid hiring, slower earnings growth and more...

Gold Steady After Weekly Gain as Traders Eye Stock Markets

Gold held a weekly gain amid bullish risk appetite in other markets as investors awaited US data later in the week. European stocks and US futures both rallied on Monday, while the dollar weakened, lending some support to bullion. A US jobs report last week suggested the labor...

Gold Steady After Weekly Gain as Traders Await More US Data

Gold held a weekly gain as investors awaited US data later in the week. A US jobs report last week suggested the labor market is undergoing a controlled cooling, spurring bets the Federal Reserve will avoid another rate hike this year. Tighter monetary policy is typically negative...

Gold Steady After Weekly Gain as Market Waits for Fed Clarity

Gold was steady following its biggest weekly gain in two months  as the market waited for more clarity on when the Federal Reserve would start cutting interest rates. Bullion has largely held its ground this year despite investors pushing back expectations for how soon the Fed would start...

Gold Steady After Weekly Gain as Market Waits for Fed Clarity

Gold was steady following its biggest weekly gain in two months — as the market waits for more clarity on when the Federal Reserve might start cutting interest rates. Bullion has largely held its ground this year despite expectations being pushed back on how soon the Fed will start...

Gold Steady After Weekly Gain Ahead of US Treasury Auction

Gold held gains after a weekly advance of more than 2% ahead of a US government bond auction that may impact the precious metal’s trajectory. Treasury yields have fallen this month as slowing inflation and signs of a cooling growth fueled demand for debt. Investors will be closely...

Gold Steady After Weekly Drop as Hopes of Rate Cut in March Fade

Gold was steady following a weekly decline as markets continued to dial back expectations on how soon the Federal Reserve will pivot to interest-rate cuts. Most Treasury yields reached their highest levels of the year on Friday, after a week of robust data that are...

Gold Steady After Weekly Decline Ahead of Jackson Hole Event

Gold was steady — following a weekly loss — ahead of the Jackson Hole symposium of central bankers later this week, which may offer clues on the trajectory of global interest rates. The metal has fallen for the last four weeks on signs the rate-hike cycle in the US still has room to run,...

Gold Steady After US House Passes Deal to Avert Debt Default

Gold was steady following two days of gains after a deal to avert a destabilizing US default was approved in the House and as attention shifts to data published later in the US. The bipartisan agreement that would suspend the debt limit through Jan. 1, 2025 now heads to the Senate,...

Gold Steady After US House Passes Deal to Avert Debt Default

Gold held steady — following two days of gains — after a deal to avert a destabilizing US default was approved in the House, shifting attention to economic data coming later Thursday. The bipartisan agreement that would suspend the debt limit until Jan. 1, 2025, now heads to the...

Gold Steady After Two-Day Gain as Israel Conflict Aids Demand

Gold was steady after two days of gains as the conflict in the Middle East continues to offer support for the precious metal, although choppy moves in Treasuries are muddying the outlook. Bullion has risen about 8% since the Oct. 7 attacks by Hamas on Israel increased demand for safe haven...

Gold Steady After Two-Day Drop With Focus on Bond Yield Swings

Gold held steady after two days of losses, with investors continuing to watch for further strength in Treasury yields. The market is focused on the potential for more wild swings in the US bond market after yields breached 5% on Monday for the first time in 16 years. Asset managers...

Gold Steady After Two-Day Drop With Focus on Bond Yield Swings

Gold held steady after two days of losses, with investors continuing to watch for further strength in Treasury yields. The market is focused on the potential for more wild swings in the US bond market after yields breached 5% on Monday for the first time in 16 years. Asset managers...

Gold Steady After Two-Day Drop With Focus on Bond Yield Swings

Gold held steady after two days of losses, with investors continuing to watch for further strength in Treasury yields. The market is focused on the potential for more wild swings in the US bond market after yields breached 5% on Monday for the first time in 16 years. Asset managers...

Gold Steady After Three-Day Drop With US Inflation in Focus

Gold was steady after a three-day drop amid speculation that sticky US inflation may prompt the Federal Reserve to extend its run of rate hikes, while investors also tracked the debt-ceiling stand-off in Washington. Bullion traded near $2,010 an ounce after shedding 1.2% in the final three...

Gold Steady After Three-Day Decline Ahead of Fed Rate Decision

Gold was steady in Asia after a three-day decline ahead of a highly-anticipated Federal Reserve rate decision. Bullion has been rallying since early November on signs the US central bank was getting less hawkish, but has retreated 1.2% since the close on Jan. 25 amid gains in the dollar...

Gold Steady After Surging to Record on Rate-Cut Bets, Haven Bids

Gold steadied after surging to a record in the previous session, boosted by expectations for US rate cuts, geopolitical tensions and the risk of a pullback in equity markets. Bullion rose to a peak of $2,141.79 an ounce on Tuesday, surpassing the high set in early December. The precious...

Gold Steady After Retreating on Fears Over China’s Virus Wave

Gold was steady in Asia after dropping Wednesday as financial markets retreated on fears China’s virus wave will spread to other parts of the world and snarl supply chains. Bullion held above $1,800 an ounce after falling 0.5% in the previous session. The precious metal failed to...

Gold steady after record run as US inflation data looms

Gold Steady After Record Run as Traders Await Data for Rate Cues

Gold steadied after snapping a record-breaking run of gains, as traders awaited US data for clues on the Federal Reserve’s pivot to monetary easing. Bullion traded in a narrow range after closing 1.1% lower on Tuesday, the first decline in 10 sessions. US data showed the core consumer...

Gold Steady After Pulling Back in Face of Stronger Dollar

Gold futures traded near unchanged early Wednesday, steadying after feeling pressure the previous session from a sharp rise in the U.S. dollar versus other major currencies. Gold for December delivery was off 70 cents, or less than 0.1%, at $1,951.90 an ounce on Comex, after ending the previous...

Gold Steady After Powell Suggests Rate Cut in March Unlikely

Gold was steady in the wake of comments from Federal Reserve Chairman Jerome Powell that damped hopes of a rate cut in March. Powell did signal an openness to monetary easing, but said “I don’t think it’s likely” the Federal Open Market Committee will be confident...

Gold Steady After Powell Reaffirms Rates Will Continue to Rise

Gold was little changed amid a lack of fresh directional catalysts, after Federal Reserve Chair Jerome Powell stuck to his message that interest rates need to keep rising to quash inflation. The precious metal has largely treaded water since tumbling 2.5% on Friday, when...

Gold Steady After Modest Advance as Treasury Yields Decline

Gold was steady in Asia after rising Monday as yields on Treasuries fell on strong demand at a US debt auction. That came after yields on shorter-dated US bonds rose last week in anticipation of another Federal Reserve rate increase. Higher yields are typically negative for bullion, which...

Gold Steady After Jobess Data, Rates Outlook From Fed’s Bowman

Gold was little changed after two weekly declines as traders assessed the outlook for US interest rates following a mixed jobs report and comments from a central bank policymaker that more hikes may be needed. On Friday, payrolls data showed a rise of 187,000 last month — softer...

Gold Steady After Hitting One-Month High as Inflation Data Loom

Gold steadied in Asia after jumping the most in a month as investors look to this week’s US inflation readings for hints on the precious metal’s direction. Bullion, which had traded below the $1,700-an-ounce mark since the first week of October, rose past that on Tuesday on the back of a...

Gold Steady After Fed Officials Signal More Rate Hikes to Come

Gold was steady — following four days of declines — after the Federal Reserve paused interest-rate increases but signaled it wasn’t done with tightening just yet. Short-term Treasury yields rose Wednesday after the Fed projected more hikes than the market had anticipated. That saw...

Gold Steady After Fed Officials Damp March Rate Cut Optimism

Gold steadied following Friday’s dip on statements by Federal Reserve officials that pushed back against expectations for interest rate cuts as soon as March. The precious metal closed 0.8% lower on Friday, trimming a weekly gain, after New York Fed President John Williams said it...

Gold Steady After Falling as Fed Rate-Cut Bets Pushed Back

Gold was steady after dropping more than 1% on Friday as a hotter-than-expected US jobs report reduced hopes of US interest-rate cuts early next year. The data, which spurred a jump in Treasury yields, suggests the Federal Reserve may be forced to hold rates higher for longer to cool the...

Gold Steady After BOE Warning Leaves Investor Sentiment Fragile

Gold held steady in Asia after comments by the Bank of England on removing emergency market support by the end of the week ruffled traders, leaving investor sentiment fragile. Bullion has tumbled around 19% from its year-high in March due to relentless rate hikes by the Federal Reserve and...

Gold Steady After BOE Warning Leaves Investor Sentiment Fragile

Gold held steady in Asia after comments by the Bank of England on removing emergency market support by the end of the week ruffled traders, leaving investor sentiment fragile. Bullion has tumbled almost 19% from its year-high in March due to relentless rate hikes by the Federal Reserve and...

Gold steadies; poised for second weekly gain on weaker dollar

Gold held steady on Friday, set for its second consecutive weekly gain, supported by a weaker U.S. dollar as markets grew confident that the Federal Reserve was done with its interest rate hikes. Spot gold held ground at $1,992.46 per ounce, as of 0205 GMT. Bullion has risen 0.7% this week. U.S....

Gold Steadies, Copper Gains Ahead of Crucial Fed Rate Decision

Gold steadied and copper gained before a highly anticipated Federal Reserve rate decision that will likely provide fresh direction to metals. The collapse of three US regional banks and the turmoil at Credit Suisse Group AG saw bullion surge 6.5% last week on haven demand, but has...

Gold Steadies with Fed’s Easing Path in 2024 Still Clouded

Gold steadied after Federal Reserve’s officials poured cold water on market bets for interest rate cuts early next year. Federal Reserve Bank of Chicago President Austan Goolsbee was the latest to join a chorus of officials tempering optimism on rate cuts. Meanwhile San Francisco...

Gold Steadies On Dollar Pullback; Fed Rate Increase Fears Weigh

Gold prices edged higher on Thursday due to a slight pullback in the dollar and bond yields, although gains were kept in check by evidence of a resilient U.S. economy that could offer room for the Federal Reserve to raise interest rates further. Spot gold ticked 0.1% higher to $1,838.11 per...

Gold steadies near six-month high on weaker dollar, Fed pause hopes

Gold held its ground on Tuesday after touching a six-month peak, buoyed by expectations that the U.S. Federal Reserve has concluded its interest rate hikes, ahead of the release of key economic data. Spot gold edged up around 0.02% to $2,015.10 per ounce, after hitting its highest since May 16...

Gold Steadies Near Six-Month High as Bets Increase on Rate Cuts

Gold steadied near the highest level since May, with recent strength fueled by a slump in Treasury yields as traders loaded up on bets that the Federal Reserve will start cutting interest rates next year. Bond yields extended declines as investors pushed wagers on a dovish pivot...

Gold Steadies Near Six-Month High as Bets Increase on Rate Cuts

Gold steadied near its highest level since May, with the recent advance fueled by a slump in Treasury yields as traders loaded up on bets that the Federal Reserve will start cutting interest rates next year. Bond yields extended declines on Monday as investors increased wagers on...

Gold Steadies Near Seven-Month Low as Dip Buyers Create Floor

Gold edged up from near its lowest level since March as dip buying began to support the metal following seven days of losses. The greenback and benchmark Treasury yields moved lower Wednesday, providing some relief to bullion, which typically correlates negatively with both. The metal is...

Gold Steadies Near Seven-Month Low After Strong US Jobs Data

Gold steadied around its lowest level in almost seven months, with Treasury yields pushing to new multi-year highs after US employment data reinforced the case for a higher-for-longer rate environment. The report showed a surprise increase in job openings during August,...

Gold Steadies Near Seven-Month Low After Strong US Jobs Data

Gold steadied around its lowest level in almost seven months, with Treasury yields pushing to new multi-year highs after US employment data reinforced the case for a higher-for-longer rate environment. The report showed a surprise increase in job openings during August,...

Gold Steadies Near Record High With Haven Demand Fueling Rally

Gold steadied near a record high, after surging on Monday as Iran’s strike on Israel added more impetus to a rally that’s seen it jump by a fifth since mid-February. Bullion held a 1.7% gain made in the previous session as attention turned to a potential counter-strike that risks starting a...

Gold Steadies Near Record High as US Jobs Data Looms

Gold steadied just shy of a record high as traders await a US jobs report that’s expected to support the case for the Federal Reserve to hold off on rate cuts for the time being.  Bullion traded in a narrow band before nonfarm payrolls data that’s forecast to show the US...

Gold Steadies Near Lowest Since June as Rate Hike Looks Likely

Gold steadied near the lowest since late June, after stronger-than-anticipated US retail sales data caused Treasury yields to rise as traders increased bets on another Federal Reserve interest-rate hike this year. Tuesday’s retail figures reinforced the case for the policymakers to continue...

Gold Steadies Near Five-Week Low Amid Bond Market Uncertainty

Gold steadied around the lowest level since early July amid turbulence in the bond market, with elevated Treasury yields continuing to weigh on the precious metal.  Investors anticipate that US government debt will continue to be whipsawed by heightened volatility, as economic...

Gold Steadies Near Eight-Month High as Firms Flag Growth Fears

Gold steadied near an eight-month high as poor company earnings and layoffs heightened concerns of a recession. European stocks and US futures edged higher on Friday after slumping in the previous session as job cuts and profit warnings from several major firms soured sentiment. Gold surged...

Gold Steadies Near 9-Month Peak on Hopes of Slower Fed Rate Hike

Gold prices steadied after climbing to their highest in nearly nine months on Monday, as a softer dollar and expectations of slower interest rate hikes from the U.S. Federal Reserve added to bullion’s shine. Spot gold held its ground at $1,918.66 per ounce, as of 0548 GMT. Earlier in the session,...

Gold Steadies in Asia After Slumping on US Labor Market Report

Gold steadied in Asia after tumbling 2.5% on Friday after a jobs report that came in much stronger-than-expected damped optimism the Federal Reserve would turn less hawkish this year. The reading reduces the chances the Fed will be able to switch to rate cuts later in 2023 and prompted a jump in...

Gold Steadies in Asia After Rising on Geopolitical Tensions

Gold steadied near a three-month high in Asia amid fears of an escalation of the war in Europe, while US data supported the view the Federal Reserve will slow its rate hikes. Bullion rose in the previous session after NATO member Poland said said a lethal blast near its border with...

Gold Steadies in Asia After Jumping on China Reopening Optimism

Gold steadied in Asia after a jump on Tuesday that was driven by China’s continued dismantling of virus controls and signs that inflation in the US is cooling. Bullion traded above $1,800 an ounce after rising 0.9% in the previous session after Beijing removed the need for inbound travelers to...

Gold Steadies in Asia After Jumping 2% on US Inflation Print

Gold steadied in Asia after jumping 2% in the previous session as cooler-than-expected US inflation data added to hopes of a downshift in the Federal Reserve’s rate-hike path. Bullion surged past $1,800 an ounce on Thursday, a level it hasn’t surpassed since mid-August. Optimism the Fed is...

Gold Steadies in Asia After Dropping on US Growth Figures

Gold steadied in Asia after falling 0.9% in the previous session as US gross domestic product data for the fourth quarter beat expectations. Bullion was still poised to eke out a slight weekly gain, the sixth in a row. The GDP figures stoked hopes the Federal Reserve can engineer a soft...