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

Gold edged higher after posting its worst monthly performance since mid-2021 as traders waited for more clues on the path of US interest rates. The precious metal rose as the dollar slumped on Wednesday, with Asian markets surging as data showed China’s economy rebounding. That...

Gold Rises After Weaker US Wage Growth Eases Pressure on the Fed

Gold extended gains after a gauge of US wages and benefits rose less than expected, taking pressure off the Federal Reserve to keep hiking rates. The employment cost index rose 1% in the second quarter, the slowest pace in two years and slightly less than the median economist forecast....

Gold Rises After Weak US Data Takes Pressure Off Fed to Hike

Gold rose after US jobs data came in weaker than expected, easing the pressure on the Federal Reserve to keep raising interest rates after July. Nonfarm payrolls rose by 209,000 in June, below the median economist estimate, while previous months gains were revised significantly lower....

Gold Rises After US Data Gives Fed More Room to Slow Rate Hikes

Gold gained after US data showed retail sales declining and price pressures easing, giving the Federal Reserve more room to slow down its rate hikes. Retail sales fell 1.1% in December, the most in a year and more than the median estimate of economists surveyed. US producer prices...

Gold Rises After Stumbling on Powell’s Hawkish Comments

Gold rebounded from Wednesday’s drop that was driven by signs the Federal Reserve will keep interest rates higher. Bullion rose to recover the previous day’s 0.9% decline, which was spurred by Fed Chair Jerome Powell flagging a likely delay in the much-anticipated pivot...

Gold Rises After Strong Nonfarm Payrolls Report

Gold prices rise in early Asian trade amid expectations that the Fed might ease up on policy tightening, which is viewed as supportive of the precious metal. The release of the latest nonfarm payrolls report on Friday showed that wages are cooling, backing the idea that the U.S. central bank is...

Gold Rises After Sharp Losses on US Inflation, Rate Expectations

Gold edged higher after ending last week with a steep loss on stronger-than-expected US inflation data that reignited bets on further rate hikes. The precious metal traded above $2,000 an ounce Monday after tumbling 1.8% on Friday on the likelihood of another Federal Reserve rate increase...

Gold Rises After Sharp Losses on US Inflation, Rate Expectations

Gold edged higher after ending last week with a steep loss on stronger-than-expected US inflation data that boosted bets on more monetary tightening. The precious metal traded above $2,000 an ounce Monday after tumbling 1.8% on Friday, when data showed US near-term inflation expectations...

Gold Rises After China Data Boosts Yuan Against Dollar

Gold prices gained on Friday as the dollar eased against the yuan after promising China economic data boosted recovery hopes in the world’s top bullion consumer, although the possibility of further U.S. interest rate hikes kept investors on edge. Spot gold was up 0.34% at $1,916.93 per ounce by...

Gold Rises Above $2,000 an Ounce for First Time in a Year

Gold rose above $2,000 an ounce for the first time in more than a year after banking crises in the US and Europe triggered a return to haven buying. Bullion surged 6.5% last week in its biggest advance since the early days of the pandemic in March 2020 amid growing fears over Credit Suisse...

Gold Rises a Third Day After Powell Signals Slower Rate Hikes

Gold edged higher in Asia -- following a 1% advance on Wednesday -- as Federal Reserve Chair Jerome Powell signaled the pace of interest-rate hikes would slow at the next meeting. Powell was optimistic inflation could be contained without the US economy tipping into recession, but...

Gold Rises a Third Day After Powell Signals Slower Rate Hikes

Gold advanced in Asia -- following a 1.1% gain on Wednesday -- as Federal Reserve Chair Jerome Powell signaled the pace of interest-rate hikes would slow at the next meeting. Bullion capped an 8% gain in November, driven by drops in the dollar and Treasury yields on signs the Fed...

Gold Rises a Third Day After Powell Signals Slower Rate Hikes

Gold extended an advance after Federal Reserve Chair Jerome Powell signaled the pace of tightening would slow at the next meeting, ahead of economic data that could bear on the central bank’s future rate hikes. Powell was optimistic inflation could be contained without the US...

Gold Rises a Third Day After Expectations for US Inflation Drop

Gold extended gains after rising by the most in three weeks on Friday as US inflation expectations fell to the lowest in more than two years. The reading is likely to encourage Federal Reserve policymakers to reinforce expectations they will hold rates at this week’s meeting....

Gold Retreats, Falls Back Below US$2,400 Despite Heightened Geopolitical Risk and a Drop in Treasury Yields

Gold moved back under US$2,400, trading lower by midafternoon on Friday after earlier rising above the mark for the first time, supported by worries Iran is readying an attack on Israel and falling treasury yields. Gold for June delivery was last seen down US$3.10 to US$2,369.60 per ounce after...

Gold Retreats, Adding To Losses From Worst Week Since February

Gold prices headed lower on Monday, adding to last week’s losses, as traders waited to see how the debt-ceiling debate in Washington would shake out — while a stronger U.S. dollar has eaten away at some of the yellow metal’s gains. Gold futures for June delivery  were off by $6.50, or 0.3%,...

Gold Retreats From Record High as Fed Pivot Bets May Be Overdone

Gold retreated from its record high amid signs that traders’ aggressive pricing of Federal Reserve rate cuts may have gone too far. Bullion fell as much as 2.5% Monday in New York trading after leaping by more than 3% in Asia trading to hit a record $2,135.39 an ounce, surpassing the...

Gold Retreats From New Record Before Pivotal US Inflation Print

Gold pared gains after setting a fresh record above $2,350 an ounce, as investors shifted focus to a key US inflation reading later this week. Higher Treasury yields weighed on bullion during US trading hours as the precious metal pays no interest. Earlier, gold rose as much as 1%...

Gold Retreats from Near Record-High Levels Ahead of US Inflation Data

Gold prices slipped from near record-high levels on Tuesday, as traders braced for key U.S. inflation report that could give more clarity on when the Federal Reserve might start cutting its interest rates. Spot gold fell 0.2% to $2,178.53 per ounce, as of 0424 GMT, after rising for nine...

Gold Retreats from 6-Month Highs as Traders Take Profits

Gold prices retreated on Thursday as traders booked profits after the price of the yellow metal hit six-month highs. Gold for February delivery fell $6.30, or 0.3%, to $1,852 per ounce on Comex, according to FactSet data. Silver for March delivery shed 29 cents, or 1.2%, to $23.69 per...

Gold Retreats for Second Day as Traders Brace for Another Fed Interest Rate Rise

Gold futures declined for a second day on Tuesday as traders braced for Wednesday’s Federal Reserve interest rate decision along with data on U.S. unemployment and wages. Gold for April delivery fell by $15.10, or 0.8%, to $1,924 an ounce on Comex. Silver for March delivery declined by 40 cents,...

Gold Retreats Below $2,000 An Ounce As Fed Officials Back Another Rate Hike

Gold prices dropped back below $2,000 per ounce in early trade on Friday as senior Federal Reserve officials assessed the likelihood of more interest-rate hikes to come. Gold futures for June delivery fell by $20, or 1%, to $1,998 per ounce. Silver futures for May delivery declined by 9 cents,...

Gold Retreats as US Dollar, Yields Climb; Fed Speakers on Tap

Gold prices declined on Tuesday, hurt by a strengthening dollar and Treasury yields, as markets wait to hear remarks from several Federal Reserve officials this week to further gauge the central bank's monetary policy path. Spot gold was down 0.8% at $2,037.40 per ounce, as of 1212 GMT. U.S. gold...

Gold Retreats as Robust US Data Dampen Rate Cut Expectations

Gold fell after closing at a record high last week, as investors weigh a strong US jobs report that saw traders unwinding bets for steep Federal Reserve rate cuts this year. The precious metal fell as much as 1.2% in early Asian hours, pressured by a rise in Treasury yields after...

Gold Retreats as Dimming Rate Cut Expectations Overshadow Safe Haven Demand

Gold prices edged down on Wednesday, but traded near their record high levels hit last week, as pressure from fading U.S. rate cut hopes overshadowed gains from safe haven demand arising out of geopolitical turmoil in the Middle East. Spot gold eased 0.2% to $2,376.39 per ounce, as of 2:15 p.m....

Gold Resumes Gains as Middle East Tensions Offset Hot Inflation

Gold resumed its blistering rally as heightened tensions in the Middle East offset concerns that the Federal Reserve will cut interest rates less than expected this year.  The US and its allies believe major missile or drone strikes by Iran or its proxies against military and government...

Gold Resumes Decline With Rate-Cut Doubts Denting Sentiment

Gold resumed its slide after whipsawing moves at the end of last week, with a recent rebound in the dollar and US bond yields posing a threat to the precious metal’s appeal.  Spot gold prices fell as much as 0.9%, coming back under pressure after choppy trading seen on Friday as...

Gold Rebounds from 5-Month Lows as U.S. Dollar, Yields Retreat

Gold edged up from 5-month lows on Friday as the U.S. dollar and bond yields slightly retreated from highs, but bullion was set for its fourth consecutive weekly decline on concerns the Federal Reserve would keep interest rates higher for longer. Spot gold gained 0.2% to $1,892.02 per ounce by...

Gold Rebounds From 5-Month Lows as U.S. Dollar, Yields Retreat

Gold edged up from 5-month lows on Friday as the U.S. dollar and bond yields slightly retreated from highs, but bullion was set for its fourth consecutive weekly decline on concerns the Federal Reserve would keep interest rates higher for longer. Spot gold gained 0.2% to $1,892.02 per ounce by...

Gold Rebounds but Holds Below $1,900/oz Level on Fed Fears, Firm Dollar

Gold prices regained some ground on Monday but a firmer dollar and concerns that the U.S. Federal Reserve might keep hiking interest rates kept bullion below the key $1,900-an-ounce level. Spot gold was up 0.4% at $1,872.96 per ounce, as of 0257 GMT, after hitting its lowest level since Jan. 6...

Gold Rebounds But Holds Below $1,900 Level On Fed Fears, Firm Dollar

Gold prices regained some ground on Monday but a firmer dollar and concerns that the U.S. Federal Reserve might keep hiking interest rates kept bullion below the key $1,900-an-ounce level. Spot gold was up 0.4% at $1,872 per ounce, after hitting its lowest level since Jan. 6 earlier in the...

Gold Rebounds as US Dollar, Yields Slip with Eyes on Fed Guidance

Gold prices inched up on Tuesday, buoyed by a weaker U.S. dollar and bond yields, ahead of a key inflation report and comments from Federal Reserve officials for further clues on when interest rate cuts will commence. Spot gold was up 0.4% at $2,038.15 per ounce as of 1229 GMT, hovering near its...

Gold Rebounds after Briefly Dipping Below $2,000 Per Ounce

Gold and silver futures advanced early Tuesday after the price of the yellow metal briefly dipped below $2,000 an ounce a day earlier as the precious metal logged back-to-back losses. Gold for June delivery advanced by $9.30, or 0.5%, to $2,016 an ounce on Comex. May silver gained 11 cents, or...

Gold Rebound dari Terendah 2-Minggu ditengah Kekhawatiran Virus

Emas rebound dari level terendah dua minggu seiring investor mempertimbangkan dampak wabah koronavirus pada prospek pertumbuhan dan minat investor terhadap risiko, dengan kepemilikan global dalam dana yang diperdagangkan di bursa (ETF)  berkembang ke rekor lain. Pasar emas mengalami...

Gold Rangebound in Cautious Trading Ahead of Fed Meet Minutes

Gold prices were rangebound on Wednesday in cautious trading ahead of the Federal Reserve’s June policy meeting minutes due later in the day. Spot gold rose 0.2% to $1,927.99 per ounce by 0952 GMT, trading in a $8 range, while U.S. gold futures gained 0.3% to $1,935.50. “To a large extent, the...

Gold Rangebound as Traders Await Fed Cues

Gold prices stuck within a narrow range on Wednesday as traders strapped in for U.S. economic data for further guidance on the Federal Reserve’s monetary policy stance. Spot gold was last down 0.11% at $1,995.64 an ounce while U.S. gold futures rose 0.7% to $2,005.90. The market is awaiting U.S....

Gold Rangebound Ahead of Fed Minutes, Copper Slammed by Weak PMIs

Gold prices kept to a tight trading range on Wednesday as markets awaited some progress in negotiations over raising the U.S. debt ceiling, while copper prices hit six-month lows on signs of a slowdown in global manufacturing activity. Focus was also chiefly on the minutes of the Federal...

Gold Range-Bound as Market Focuses on U.S. Economic Data

Gold prices crept higher on Thursday, but traded in a relatively tight range as investors looked to U.S. economic data for further clarity on the Federal Reserve’s next monetary move. Spot gold was up 0.2% at $2,033.98 per ounce, as of 1035 GMT, trading in a narrow $9 range in the session so far....

Gold rally pauses on high US Treasury yields, profit-taking

Gold prices fell on Tuesday, under pressure from high U.S. Treasury yields and as investors locked in profits from a rally that drove the precious metal to a record peak last week. Spot gold was down 0.3% to $2,375.50 per ounce by 1244 GMT. The metal rose 1.7% on Monday and touched an all-time...

Gold rally pauses around 9-month highs as U.S. inflation data elicits mild reaction

Gold futures were little-changed on Friday as a rally that has driven the price of the yellow metal higher by 17% since Nov. 2 took a breather. Gold prices for February were little-changed at $1,930 an ounce on Comex after trading at a nine-month high for a most-active contract earlier in the...

Gold Rally Pauses after Longest Winning Streak Since August 2020

Gold futures were little changed on Monday after clinching a sixth straight week of gains — the longest such winning streak for a most-active contract since August 2020, according to Dow Jones Market Data. Gold prices for February fell by $4.10, or 0.2%, to $1,941 an ounce on Comex. Silver prices...

Gold Rally Pares Slight Losses After CPI Data

Gold prices dipped on Tuesday, pausing their sharp rally driven by the U.S. banking crisis, as the dollar rebounded, while traders positioned for inflation data that could also influence the Federal Reserve's interest rate strategy. Spot gold was down 0.2% at $1,910.10 per ounce. U.S. gold...

Gold Rally Loses Steam As Yields Edge Up, Stocks Rebound

Gold prices edged down on Tuesday after clocking a sharp rise in the last session, as risk sentiment improved and bond yields rebounded, while investors await the U.S. inflation data due later this week. Spot gold climbed to $1,865.19 per ounce, its highest since Sept. 29 earlier in the day, and...

Gold Rally Hits Pause Ahead of US Inflation Data

Gold prices took a breather from a record-breaking rally on Monday, which was fuelled by a cooling U.S. labor market and remarks from the Federal Reserve, as traders awaited an inflation report for fresh clues on the timing of rate cuts. Spot gold was steady at $2,178.44 per ounce, as of 0339...

Gold Rally Cools as Focus Turns to Fed Move

Gold continued to decline for the second day on Tuesday after rising above $2,000 an ounce in the last session, as investors turned their attention from the banking crisis to the U.S. Federal Reserve’s interest rate decision. Spot gold was down 0.16% at $1,966.71 per ounce, while U.S. gold...

Gold Rallies After Soft US Jobs Data Takes Pressure Off the Fed

Gold rose after US jobs data came in weaker than expected, taking the pressure off the Federal Reserve to tighten policy further. Nonfarm payrolls rose 150,000 in October, below the median economist estimate, while the unemployment rate unexpectedly rose. The dollar and Treasury yields extended...

Gold Rallies Above $2,400 as Middle East Risks Stoke Demand

Gold jumped to another record as the safe haven asset was boosted by simmering Middle East tensions. Bullion climbed as much as 1.2% to $2,400.67, while silver traded at the highest since February 2021. Israel is preparing for an assault from Iran in the next two days, in retaliation for its...

Gold Pushes Toward Record as Test of $2,200 Looms on Fed Outlook

Gold rose toward a record on expectations the US Federal Reserve will move to cut interest rates this year as inflation cools. Bullion for immediate delivery edged higher on Monday after rallying almost 5% last week, setting a nominal high on four successive days. Gains on Friday were...

Gold Pushes Higher on Expectations for Fed Rate Cuts Next Year

Gold ticked higher as the final week of the year got under way, with traders looking ahead to interest rate cuts from the Federal Reserve in 2024 and a weaker US currency. Bullion is trading near a record high, heading for its first annual increase in three years, as data showing US price...

Gold Pushes Higher After Fed Pivot With Demand Expected to Surge

Gold advanced after the Federal Reserve gave the clearest signal yet that its aggressive tightening campaign has ended, forecasting a series of rate cuts next year in a shift that brightens the metal’s outlook. Bullion rose above $2,035 an ounce after surging 2.4% on Wednesday as Fed...

Gold Pushes Back Above US$2,200, Closes at a Record High

Gold closed at a record high on Wednesday, pushing back above US$2,200 even as the dollar strengthened, as buying momentum for the metal continues, backed by expectations lower interest rates are on the horizon. Gold for May delivery closed up US$13.50 to settle at US$2,212.70 per ounce, topping...

Gold Pulls Back From Near-Record Levels, but Eyes Weekly Gain

Gold prices drifted lower from near record highs on Friday as investors waited for more economic cues, but banking woes and hopes for a pause in U.S. rate hikes kept safe-haven bullion on course for its best week in nearly two months. Spot gold fell 0.6% to $2,038.51 per ounce, which some...

Gold pulls back from highest level since August

Gold prices pulled back on Monday after rising more than 5% last week to the highest level since August. December gold futures fell $3.40, or 0.2%, to $1,766 per ounce on Comex. Silver futures for December rose 4 cents, or 0.2%, to $21.71 per ounce. Palladium futures for December fell $34, or...

Gold Pulls Back From 9-Month High Ahead of GDP Report

Gold prices traded lower on Thursday after the yellow metal logged its longest winning streak since August as investors awaited U.S. economic data including the first estimate of fourth quarter GDP. Gold prices for February fell by $6.30, or 0.3%, to $1,936 per ounce on Comex after settling at...

Gold Pulls Back from 1-Month High, Silver Retreats from Highest Level Since June

Gold prices slipped on Wednesday after settling at the highest level in a month a day earlier, although the price of the most-active contract held above $1,700 per ounce. Silver prices retreated after the most-active contract rose more than 50 cents to settle at the highest level since June on...

Gold Pulls Back Driven By Stronger Dollar, Higher Treasury Yields

Gold prices fell on Friday, pushing them into the red for the week as a stronger U.S. dollar and higher Treasury yields helped to diminish the yellow metal’s appeal. Gold for April delivery was down $3, or 0.2%, at $1,867 per ounce on Comex. Silver prices for March delivery fell 3 cents, or...

Gold Pulls Back as US Inflation Data Looms

Gold prices eased on Wednesday after rising in the previous two sessions, as investors positioned for the April U.S. inflation data, which could have a bearing on the Federal Reserve's interest rate policy. Spot gold was down 0.3% to $2,028.06 per ounce by 0850 GMT, while U.S. gold futures shed...

Gold pulls back as US inflation data looms

Gold prices eased on Wednesday, after rising in the previous two sessions, as investors positioned for April U.S. inflation data, which could have a bearing on the Federal Reserve’s interest rate policy. Spot gold was last down 0.15% to $2,031.22 per ounce at 1000 GMT, while U.S. gold futures...

Gold Pulls Back after Best Week Since April as Weak China Data Weigh on Commodities

Gold prices are pulling back on Monday following their biggest weekly advance since April as weaker-than-expected GDP data out of China weighed on commodities prices. Gold futures for August delivery fell by $3.40, or 0.2%, to $1,961 per ounce on Comex. Silver futures for September fell by 16...

Gold Prices Weaken, Spot Slips Below $1,900 as Rate Hike Fears Persist

Gold prices fell below key levels on Wednesday, extending a recent slump as persistent fears of rising interest rates, following hawkish signals from the Federal Reserve, saw investors largely favor the dollar. The greenback scaled 10-month highs this week, having largely overtaken gold as a...

Gold Prices Weaken as the Dollar Rises with More Interest Rate Increases Expected

Gold prices weakened early on Friday as the US dollar rebounded from a day-prior sell off after the United States reported inflation rose at a higher than expected rate last month, though lower bond yields offered some support. Gold for December delivery was last seen down US$16.90 to US$1,660.10...

Gold Prices Wallow Under $1,900 as Fed Fears Buoy Dollar, Yields

Gold prices moved little on Thursday, but hovered around six-month lows as concerns over rising U.S. interest rates kept investors largely biased to the dollar, while Treasury yields also surged. Both spot prices and gold futures slid below the key $1,900 an ounce level this week, as a rally in...

Gold Prices Under Pressure from Rate-Cut Angst Before Inflation Data

Gold prices moved little in Asian trade on Wednesday, retaining most of their losses from the prior week as investors questioned bets on early interest rate cuts by the Federal Reserve. Focus was largely on upcoming U.S. consumer price index data, which could indicate U.S. inflation remained...

Gold Prices Trying to Hold $2,000 Level as the Federal Reserve Signals Interest Rates will Remain in Restrictive Territory

The gold market is off its highs and struggling to hold above $2,000 an ounce as the Federal Reserve signals it will hold interest rates in restrictive territory for the foreseeable future. According to the minutes from the central bank’s November monetary policy meeting, the Federal Reserve is...

Gold Prices Tread Water Ahead of Key U.S. Data Due Later this Week

Gold prices traded marginally higher on Tuesday as traders set their sights on U.S. inflation and labor-market data due later this week. Gold futures for December delivery gained 40 cents, or less than 0.1%, to $1,947 per ounce on Comex. Silver futures for September delivery were marginally...

Gold prices touch $2,000 as markets weigh Fed rate outlook

Gold prices steadied in Asian trade on Wednesday after briefly touching key highs as the prospect of no more rate hikes by the Federal Reserve spurred continued flows into the yellow metal. But a rally in gold prices now appeared to have cooled, as the minutes of the Fed’s late-October meeting,...

Gold Prices Tally A 9th Straight Session Decline

Gold futures ended lower on Thursday to tally a ninth straight session decline, the longest streak of daily losses since 2017, with the yellow metal pressured by rising global bond yields and overall strength in the U.S. dollar. Gold futures for December delivery declined by $13.10, or 0.7%, to...

Gold Prices Surge as Dollar Hits 4-Mth Low; Inflation Data Awaited

Gold prices rose on Friday, extending gains from the prior session after a mild downgrade to third-quarter U.S. GDP and soft labor market data put the dollar at four-month lows. Focus was now squarely on key inflation data due later in the day for more affirmation that the Federal Reserve will...

Gold Prices Struggle Before Inflation, Fed Cues; Copper Set for Strong week

Gold prices kept to a tight range on Friday and were headed for a second straight week in red as anticipation of more cues on U.S. interest rates kept traders skittish, with key inflation data and a Federal Reserve meeting now in focus. On the other hand, copper prices were headed for a strong...

Gold Prices Steady, Set for Strong Week as Fed Rate Fears Ease

Gold prices rose slightly on Friday and were headed for a strong weekly performance as more weak U.S. economic data spurred bets that the Federal Reserve was done raising interest rates. The yellow metal was set for its best week since early-October, and was once again trading close to the $2,000...

Gold Prices Steady with Fed in Focus, Copper Retreats from 11-Mth Peak

Gold prices moved little in Asian trade on Wednesday, steadying from recent volatility as markets looked to the Federal Reserve for more cues on interest rate cuts in 2024. Among industrial metals, copper prices pulled back sharply from recent 11-month peaks, amid a mix of profit-taking and as...

Gold Prices Steady From New Year’s Losses, Inflation Data Awaited

Gold prices rose slightly in Asian trade on Tuesday, recovering from a rough start to the year as markets reassessed expectations for early interest rate cuts by the Federal Reserve before key U.S. inflation data due this week. The yellow metal fell sharply below the $2,050 an ounce level over...

Gold Prices Steady as U.S. Housing Starts Rise 1.9% in October

Gold prices are holding steady as the precious metal sees little reaction to the latest U.S. housing construction data. Housing starts rose by 1.9% in October to a seasonally adjusted annual rate of 1.372 million units, the Commerce Department said on Friday. The data came in better than expected...

Gold Prices Steady as Traders Eye Key US Inflation Report

Gold prices were steady on Thursday, as traders held back from taking fresh positions ahead of key U.S. inflation data due later in the day, which could provide more clues into the Federal Reserve's interest rate trajectory. Spot gold was steady at $2,036.42 per ounce, as of 0701 GMT. U.S. gold...

Gold Prices Steady as Traders Await Key U.S. Inflation Report

Gold prices remained steady on Thursday, and have held ground so far this month, despite bleak hopes for swift and deeper rate cuts in the United States as traders await a key U.S. inflation reading due later in the day. Spot gold was steady at $2,035.78 per ounce, as of 0419 GMT. U.S. gold...

Gold Prices Steady as Focus Shifts to Powell’s Speech

Gold prices were steady on Tuesday, with cautious traders largely focusing on Federal Reserve Chair Jerome Powell’s speech for insights into the U.S. central bank’s rate-hike trajectory. Spot gold held its ground at $1,872.79 per ounce, as of 0333 GMT. U.S. gold futures were flat at...

Gold prices steady as early rate-cut hopes drive strong gains

Gold prices kept to a tight range in Asian trade on Wednesday after rising optimism over early interest rate cuts by the Federal Reserve drove a strong melt-up in prices through December. The yellow metal blew past key levels in recent sessions, and was now trading less than $100 below a record...

Gold Prices Steady Ahead Of Payrolls Report, Copper Boosted By China

Gold prices moved little on Friday, steadying near three-week highs as markets awaited more cues on U.S. monetary policy from nonfarm payrolls data due later in the day, while copper prices rose on positive Chinese factory data. The yellow metal had a strong run-up this week as a string of weak...

Gold Prices Steady Above $2,000 as Fed Rate Cut Bets Persist

Gold prices steadied on Wednesday, sticking to a trading range established over the past week amid persistent bets that the Federal Reserve will trim interest rates earlier in 2024. The yellow metal appeared to have established a trading range of low-$2,000 to $2,050 an ounce, amid growing...

Gold Prices Soften, but Remain on Track for Weekly Gain

Gold prices softened again on Friday, but remained on track for a weekly gain driven by expectations for a down shift in the pace of Federal Reserve interest-rate hikes. Gold for December delivery was off $13, or 0.8%, at $1,653 per ounce on Comex. Silver for December delivery shed 27 cents, or...

Gold Prices Slump as Global Bond Yields Rise, U.S. Dollar Strengthens

Gold prices slumped on Monday following robust gains during Friday’s session as global bond yields jumped and the U.S. dollar strengthened, putting pressure on the yellow metal. Gold futures for December fell by $6.80, or 0.3%, to $1,969 per ounce on Comex. Silver futures for September...

Gold Prices Slip for 2nd Day as Disappointing Economic News Boosts U.S. Dollar

Gold futures fell for a second straight session on Tuesday as disappointing economic data from China, a credit rating warning for U.S. banks, and some weak corporate earnings resulted in some flight to the safety of the U.S. dollar and Treasuries. Gold for December delivery fell by $5.20, or...

Gold Prices Slip as Fading Banking Jitters Dampen Demand

Gold prices dropped on Wednesday as easing worries over a potential bigger fallout from the global banking crisis increased appetite for riskier assets and dampened demand for the safe-haven metal. Spot gold was trading 0.4% lower at $1,966.48 per ounce, as of 0356 GMT, after rising 1% on...

Gold prices slightly higher as U.S. dollar weakens

Gold prices traded slightly on Tuesday as the U.S. dollar weakened and Treasury yields eased while traders awaited the release of U.S. inflation data due out Wednesday morning in New York. Gold futures for August delivery gained $4.70, or 0.2%, to $1,935 per ounce on Comex. Silver futures for...

Gold prices slightly higher as investors await U.S. inflation data

Gold prices traded slightly higher on Tuesday as investors awaited the release of the U.S. May consumer-price index, an closely watched gauge of inflation, ahead of a Federal Reserve interest rate decision on Wednesday. Gold prices for August delivery gained $9.60, or 0.5%, to $1,979.40 per ounce...

Gold prices slightly firmer after seeing 1-month lows

Gold prices were slightly firmer Wednesday, after settling at their lowest levels in more than a month on Tuesday, as slipping Treasury yields and a firm U.S. dollar helped ease some of the pressure on the yellow metal. Gold futures for December delivery were up by $1.90, or 0.1%, to $1,937 per...

Gold prices slide further as rising bond yields heap pressure on metals

Gold prices slid further on Tuesday, as U.S. Treasury yields rose while the dollar remained firm, helping to push gold to the lowest in at least a month. Gold futures for December delivery were off by $9.70, or 0.5%, to $1,934 per ounce on Comex. Silver futures for September delivery declined by...

Gold Prices Slide For 3rd Day As Rising Treasury Yields, Stronger U.S. Dollar Sap Demand

Gold prices slipped again on Thursday, heading for a third day in the red, as rising Treasury yields and a stronger U.S. dollar following Fitch Ratings’ downgrade of the U.S. credit rating put pressure on precious metals. Gold prices for December delivery fell by $2.30, or 0.1%, to $1,972 per...

Gold Prices Slide as Markets Question Early Rate Cuts; Inflation Data on Tap

Gold prices fell in Asian trade on Monday, extending losses from the prior session as stronger-than-expected U.S. labor data saw markets reconsider expectations for early interest rate cuts. The yellow metal logged a weak start to 2024, tracking a sharp rebound in the dollar as traders scaled...

Gold Prices Slide As Dollar Rebounds With Fed Officials In Focus

Gold prices fell further in Asian trade on Tuesday, hit by a rebound in the dollar and Treasury yields before a string of major Federal Reserve speakers this week. Among industrial metals, copper prices fell sharply after trade data from major importer China largely missed expectations. The...

Gold Prices Skittish Before GDP Data; Copper Upbeat on China Stimulus

Gold prices nursed steep losses on Thursday as anticipation of a barrage of U.S. economic and interest rate cues kept traders averse to the yellow metal, while copper sat on strong gains this week following more stimulus measures from China. Bullion prices had fallen 0.7% on Wednesday, largely...

Gold Prices Sink Below $2,150 Ahead of Fed Meeting; Copper Rally Cools

Gold prices fell in Asian trade on Monday, losing a key support level as traders turned averse to non-yielding assets before more signals on interest rates from a Federal Reserve meeting later in the week. A rally in industrial metals also appeared to have stalled, with copper prices easing after...

Gold Prices Sink Below $1,950 as CPI Data Looms

Gold prices fell below key levels in Asian trade on Tuesday, as traders pivoted into the dollar before U.S. inflation data due later in the day, which is widely expected to determine the path of interest rates. The yellow metal saw a heavy degree of profit taking in the past two weeks, which...

Gold Prices Settle Slightly Higher, then Climb after the Fed Decision on Interest Rates

Gold prices ended slightly higher on Wednesday, then moved up in electronic trading after the Federal Reserve’s decision to lift interest rates by 75 basis points. That marked the fourth straight significant increase in the central bank’s benchmark interest rate. The Fed also said it expects to...

Gold Prices Settle Lower, Edge Up After The Fed Statement

Gold futures settled with a loss on Wednesday, then moved a bit higher in the electronic trading shortly after the Federal Reserve announcement. The central bank agreed to leave its benchmark fed funds rate unchanged at 5.25% to 5.50%, while also keeping the option open for a further...

Gold Prices Settle Higher, Head Lower After The Fed Rate Decision

Gold futures settled higher on Wednesday, then moved lower in electronic trading shortly after the Federal Reserve announced a decision to leave its benchmark fed funds rate unchanged at a 5% to 5.25% range. “We believe that the Fed is playing it safe here, and they have balanced their action with...

Gold prices settle higher, extend gains after Fed decision to raise rates

Gold climbed on Wednesday to turn higher for the week, as Treasury yields slipped along with the dollar, then extended those gains into the electronic trading session as investors weighed the Federal Reserve’s decision to lift interest rates, as expected. The U.S. central bank also said it...

Gold prices settle higher as U.S. dollar weakens after China’s decision to ease COVID curbs

Gold and silver futures settled sharply higher on Tuesday as the U.S. dollar slipped. Copper also jumped on hopes that China lifting COVID-19 restrictions to reopen its economy will boost demand of industrial metals and support the country’s real-estate sector. Gold for February delivery rose...

Gold Prices Settle back Above $1,800, Up a Third Straight Session

Gold notched a third straight gain on Thursday, with prices settling back above $1,800 an ounce for the first time in four sessions. Analysts cited weakness in the U.S. dollar and purchases of gold by the Chinese central bank as part of the reason why gold has climbed. February gold rose $3.50,...

Gold Prices Settle At Highest Since Mid-August

Gold prices settled at their highest since mid-August on Monday, with prices shaking off pressure from strength in the U.S. dollar and Treasury yields to inch higher, extending last week’s rise of more than 5%. December gold rose $7.50, or 0.4%, to settle at $1,776.90 per ounce on Comex — the...

Gold Prices Settle Above $2,000, at Highest Since End of July

Gold futures ended higher for a fourth session in a row on Monday, with prices finishing the session above $2,000 an ounce — at their highest since the end of July. Gold for December delivery climbed $7.10, or 0.4%, to settle at $2,005.60 an ounce on Comex. That was the first settlement for a...

Gold Prices set to Rise for 7th Straight Week While Silver Hits 13-Month High

Silver prices are trading at their highest level in more than a year on Friday, and could log their highest settlement since the summer of 2021. Gold, meanwhile, is pulling back slightly after logging its second-highest settlement level ever on Thursday, but remains on track to rise for the...

Gold Prices Set For Steep Weekly Drop As Traders Question March Rate Cut

Gold prices steadied on Friday, but were nursing steep declines for the week as growing doubts over early interest rate cuts by the Federal Reserve battered the yellow metal. Bullion prices had fallen sharply to a one-month low on Wednesday, but found some support around the $2,000 an ounce level...

Gold Prices set for Second Weekly Dip as Traders Rethink Rate-Cut Bets

Gold was headed for a second straight weekly fall on Friday after an unexpected spike in U.S. consumer prices made traders rethink their rate-cut expectations, though bullion recouped some of the losses following a drop in consumer spending. Spot gold was little changed at $2,003.30 per ounce, as...

Gold Prices Set for Best Week Since April on Weaker Dollar

Gold prices were set on Friday for their biggest weekly gain since April, after rallying close to a one-month high, as markets scale back expectations of further U.S. interest rate hikes, sending the dollar to its lowest in more than one year. Spot gold held steady at $1,961.79 per ounce by 0319...

Gold Prices See Support At $2,000 As March Cut Doubts Spark Steep Losses

Gold prices rose slightly on Thursday, steadying from a sharp tumble this week as strong U.S. data spurred increasing doubts over early interest rate cuts by the Federal Reserve. The yellow metal wiped out most gains made through December, and came close to breaking below the coveted $2,000 an...

Gold Prices Score Back-to-Back Gains Following Four-Week Losing Streak

Gold prices climbed on Monday, with the yellow metal scoring back-to-back gains after a lengthy losing streak, even as 10-year Treasury yields looked set to log more multi-year highs. Gold futures for December delivery gained $6.50, or 0.3%, to settle at $1,923 per ounce on Comex. Silver futures...

Gold Prices Score Back-to-Back Gains

Gold futures finished higher Tuesday for a second straight session as investors assessed the outlook for interest rates ahead of next week’s meeting of Federal Reserve policy makers. Gold for August delivery rose $7.20, or 0.4%, to settle at $1,981.50 an ounce on Comex, after trading between a...

Gold Prices Rise, Keep $2,000 in Sight as U.S.-Iran Tensions Grow

Gold prices rose on Friday and were just shy of the key $2,000 an ounce level as reports that the U.S. military struck Iran-linked targets in Syria spurred a renewed rush for safe haven assets. The strikes, which were on two facilities in Eastern Syria, were in retaliation for recent attacks on...

Gold Prices Rise on Some Fed Clarity, Set to Snap 4-Week Losing Spree

Gold prices advanced on Friday, and were set for their first weekly gain in five as recent comments from Federal Reserve officials helped provide more clarity on the path of monetary policy this year. Atlanta Fed President Raphael Bostic reiterated the case for a 25 basis point hike in March,...

Gold Prices Rise on Bets of No More Fed Rate Hikes, But Gains Limited

Gold prices rose on Thursday, encouraged by a weaker dollar and Treasury yields after the Federal Reserve struck a less hawkish tone than expected, although gains in the yellow metal were limited by increased risk appetite. The central bank left interest rates on hold, as widely expected, on...

Gold Prices Rise But Pinned Below Record Highs As Dollar Strength Persists

Gold prices advanced in Asian trade on Monday, but remained well below recent record highs as persistent strength in the dollar weighed heavily on metal markets. Anticipation of more cues on U.S. inflation and interest rates also kept investors heavily biased towards the dollar, although metal...

Gold Prices Rise Before More Economic Cues; Copper Surges on China Hopes

Gold prices advanced on Tuesday, tracking mild weakness in the dollar as traders hunkered down before a slew of key U.S. economic readings this week, although the prospect of higher-for-longer U.S. interest rates still kept gains subdued. Among industrial metals, copper prices rallied 1% on...

Gold prices rise as traders await Fed minutes

Gold prices traded higher on Wednesday as investors braced for the release of minutes from the Federal Reserve’s latest policy meeting. Gold futures for April delivery gained $8.10, or 0.4%, to $1,850 per ounce on Comex. Silver futures for March delivery gained 2 cents, or 0.1%, to $21.91 per...

Gold Prices Rise as Fed Fears Ease; Copper Buoyed by China Optimism

Gold prices rose on Wednesday as softer-than-expected inflation data fueled bets that the Federal Reserve was done hiking interest rates, while copper prices rose on optimism over some economic resilience in China. The yellow metal extended gains after marking its best intraday rise in over three...

Gold Prices Rise as Dollar Retreats Ahead of US Inflation Data

Gold prices gained on Tuesday after hitting a three-week low in the previous session as the dollar eased, while investors awaited key U.S. inflation data and major central bank policy meetings for clues on interest rates. Spot gold was up 0.2% at $1,985.49 per ounce, as of 0737 GMT. U.S. gold...

Gold Prices Retreat From Two-Month High Ahead of Powell's Speech

Gold prices have descended from over two-month highs as markets anticipate Federal Reserve Chair Jerome Powell's imminent speech and react to a rebound in the dollar. Spot gold dipped 0.1% to $1,946.51 an ounce, while gold futures fell 0.5% at $1,958.35 an ounce on Thursday. The recent surge in...

Gold prices retreat as Treasury yields climb, bank stress eases

Gold and silver futures retreated on Monday as banking-system fears abated and yields on U.S. Treasury bonds climbed, robbing precious metals of some of the safe-haven luster that has helped to fuel a multi-week rally. Gold futures due in April fell by $29, or 1.4%, to $1,955 per ounce on Comex...

Gold prices retreat as traders await CPI data

Gold futures tumbled on Monday after clinching their strongest one-day gain in a month on Friday following the release of the Labor Department’s June jobs report. Traders are now looking ahead to the next reading on U.S. inflation, which is due out on Wednesday. Gold futures for August delivery...

Gold prices retreat as Fed Powell expects more rate hikes ahead

Gold prices edged lower on Wednesday as traders weighed Federal Reserve Chairman Jerome Powell’s latest remarks after the central bank held its policy interest rate steady last week but signaled there may be two more rate rises this year to lower U.S. inflation further. Gold futures for August...

Gold Prices Retreat Ahead of Powell Testimony

Gold prices slipped further Wednesday as traders waited to hear from Federal Reserve Chairman Jerome Powell, who will present two days of semi-annual testimony to Congress after the central bank held its policy interest rate steady last week but signaled there may be two more rate rises this year...

Gold Prices Retreat after Touching Highest Level Since June

Gold prices retreated on Wednesday after briefly trading at their highest level since June a day earlier thanks to a marginally stronger U.S. dollar. However, prices of the yellow metal remained above $1,800 per ounce, a sign that a weeks-long bull run remains intact, precious-metals analysts...

Gold prices retreat after touching highest level since June

Gold prices retreated on Wednesday after briefly trading at their highest level since June a day earlier thanks to a marginally stronger U.S. dollar. However, prices of the yellow metal remained above $1,800 per ounce, a sign that a weeks-long bull run remains intact, precious-metals analysts...

Gold Prices Retake $2,000 After Weak Retail Sales, Weekly Losses Still on Tap

Gold prices moved little in Asian trade on Friday after retaking a key level as weak U.S. retail sales data spurred some doubts over when the Federal Reserve will begin cutting interest rates. Bullion prices rose back above the $2,000 an ounce level on Thursday after breaking well below the level...

Gold Prices Remain Rangebound With Inflation, Rate Cues on Tap

Gold prices stuck to a tight range in Asian trade on Tuesday as investors looked to a swathe of upcoming economic data for more trading cues, although the near-term outlook for the yellow metal remained constrained. Bullion prices also remained largely within a $2,000 to $2,050 an ounce trading...

Gold Prices Remain Rangebound As Early Rate Cut Bets Wane

Gold prices moved little in Asian trade on Friday and remained well within a recently-established trading range amid increasing conviction that the Federal Reserve will not cut interest rates early in 2024. While the yellow metal was headed for some gains this week, they were largely a recovery...

Gold Prices Recoup Losses Ahead Of US Economic Data

Gold prices recouped early losses on Wednesday to trade steady as the U.S. dollar slipped from a six-week peak, while investors awaited a slew of economic reports due this week. Spot gold was unchanged at $2,029.39 per ounce by 0815 GMT. U.S. gold futures rose 0.2% to $2,030.50. The dollar...

Gold Prices Rebound From Last Week’s Selloff

Gold prices traded higher on Monday, bouncing back following a Friday selloff that saw the most-active gold futures contract snap a streak of weekly gains. Gold futures for June delivery increased by $6.80, or 0.3%, to $2,022 an ounce on Comex. May silver gained 9 cents, or 0.3%, to $25.65 an...

Gold prices rebound as U.S. manufacturing survey shows activity dipped to lowest since May 2020

Gold prices eked out a marginal gain on Monday after prices pared earlier declines following the release of a closely watched gauge of manufacturing activity, which had slid to its lowest level since the onset of the COVID-19 pandemic. Gold for August delivery gained $1.40, or 0.7%, to settle at...

Gold Prices Rangebound as Rate Fears Persist, Inflation Cues Awaited

Gold prices retreated in Asian trade on Monday, remaining well within a recent trading range as anxiety over higher-for-longer U.S. rates grew in anticipation of key economic readings. The yellow metal failed to make any major price headway in recent weeks as a string of Federal Reserve officials...

Gold Prices Rangebound as Rate Cut Fears Persist

Gold prices moved little on Wednesday but saw some relief as the dollar eased from three-month highs, although waning bets on early U.S. interest rate cuts kept the outlook for the yellow metal uncertain. Bullion prices were battered by bets on higher-for-longer interest rates, especially...

Gold Prices Rangebound as Markets Gauge 2024 Rate Cut Bets

Gold prices moved little in Asian trade on Thursday, sticking to a trading range established over the past week as markets speculated over just when the Federal Reserve will begin trimming interest rates. The yellow metal stuck to a range between $2,000 and $2,050 an ounce seen over the past...

Gold Prices Rangebound As Fed Reiterates Higher-For-Longer Rates

Gold prices rose slightly in Asian trade on Thursday, but remained largely within a recent trading range as a slew of signals from the Federal Reserve reiterated the prospect of higher-for-longer U.S. interest rates. Bullion prices saw some relief this week as the dollar fell sharply from...

Gold prices rally to 3-week high, as Israel-Gaza conflict sparks rush to havens

The yellow metal climbs over 3% Friday, the biggest daily percentage gain of the year so far Gold prices climbed back above $1,900 an ounce on Friday to settle at their highest in three weeks, as Israel ordered over a million people to evacuate Gaza, lifting safe-haven demand for the precious...

Gold prices rally before Fed minutes, copper rises on tighter supplies

Gold prices rose sharply on Tuesday, tracking a weaker dollar and Treasury yields as markets priced in no more rate hikes from the Federal Reserve, with the minutes of central bank’s recent meeting now due later in the day. Among industrial metals, copper prices sat on strong gains amid improving...

Gold Prices Push Past $1,900 as Dollar, Yields Cool

Gold prices rose slightly on Wednesday, taking some support from a pullback in the dollar and Treasury yields, although focus remained largely on the Jackson Hole Symposium later this week. The yellow metal saw some relief this week as the dollar rally paused at two-month highs, while Treasury...

Gold Prices Pull Back Further from Record Highs; Fed Cuts in Focus

Gold prices moved little in Asian trade on Wednesday after falling sharply from record highs this week, with traders now seeking more cues on when the Federal Reserve will begin trimming interest rates. A softer-than-expected JOLTs job openings reading for October pushed up some hopes over a...

Gold prices pull back as Fed jitters offset safe haven demand

Gold prices retreated from over two-month highs on Thursday as caution before a speech by Federal Reserve Chair Jerome Powell somewhat offset safe haven demand fueled by the Israel-Hamas war. The yellow metal appreciated sharply this week as an escalation in the Israel-Hamas conflict spurred...

Gold Prices Pull Back after Hitting 9-Month High

Gold prices fell sharply on Wednesday as the yellow metal retreated from a fresh 9-month high. Gold prices for February delivery fell $9, or 0.5%, to $1,925 per ounce on Comex. Silver prices for March delivery fell 18 cents, or 0.8%, to $23.49 per ounce. March palladium fell $16, or 0.9%, to...

Gold Prices Pull Back after Best Day of August

Gold futures traded modestly lower on Thursday after four straight days of gains as traders awaited a speech from Federal Reserve Chairman Jerome Powell due Friday. A day earlier, a sharp drop in bond yields in Europe and the U.S. in the wake of weak economic data sparked the sharpest rise in...

Gold Prices Post First Weekly Loss in a Month

Gold futures declined on Friday, with better-than-expected U.S. jobs data fueling strength in U.S. Treasury yields and the dollar, dulling investor interest in gold and leading prices to post their first weekly loss in a month. Gold for December delivery fell $31.90, or 1.6%, to settle at...

Gold Prices Pause Losses, But Remain Pinned Below $2,000 By Rate Woes

Gold prices moved little in Asian trade on Thursday, remaining below key support levels as the prospect of higher for longer U.S. interest rates continued to diminish the yellow metal’s appeal. Bullion prices took some relief from mild losses in the dollar, which consolidated in overnight trade...

Gold Prices Near Highest Levels Since June as Rally Stoked by Weakening Dollar Continues

Gold and silver prices were trading higher on Tuesday as the dollar retreated, while industrial metals like copper suffered even as news of China’s reopening plans helped to lift other markets. Gold for February delivery rose $12.30, or 0.7%, to $1,816 per ounce on Comex. March silver rose 38...

Gold Prices Near 7-Mth Low Before Inflation Data, Copper Up on China Hopes

Gold prices moved little in Asian trade on Friday, hovering near a seven-month low hit earlier this week as markets awaited key U.S. inflation data, while copper prices rose amid bets that a week-long Chinese holiday will help perk up economic growth. The yellow metal saw some respite as the...

Gold prices near 11-mth high as markets gauge Fed liquidity measures

Gold prices traded just below their strongest levels in 11 months on Monday as markets gauged the impact of emergency liquidity measures from the Federal Reserve and other major central banks amid increasing fears of a banking crisis. The Fed, the European Central Bank and several other major...

Gold prices near $2,000 as USD stalls on Fed rate hike pause expectations

Gold prices demonstrated resilience in Asian markets today, recovering from recent declines and approaching monthly peak levels despite lower trading volumes due to the Thanksgiving holiday. The halt in the US dollar's advance comes amid growing expectations that the Federal Reserve may pause its...

Gold Prices Muted as Rate Fears Keep Traders to The Sidelines

Gold prices moved in a flat-to-low range on Wednesday, extending their recent run of muted performance as anxiety over higher-for-longer U.S. interest rates persisted ahead of key economic readings. The yellow metal remained squarely within a $2,000 to $2,050 trading range established over the...

Gold Prices Modestly Higher Ahead Of Powell Remarks

Gold prices traded modestly higher on Tuesday as the yellow metal continued to recoup some of the sharp fall seen after the U.S. January employment report published Friday. Gold for April delivery rose $4.40, or 0.2%, to $1,884 per ounce on Comex. Silver for March delivery rose 5 cents, or 0.2%,...

Gold Prices Lower for 4th Day as Traders Await July U.S. Jobs Report

Following a three-day losing streak, the most-active gold futures contract was trading marginally lower early Friday as rising Treasury yields and a slightly stronger U.S. dollar continued to put pressure on precious metals prices while traders awaited the release of the July jobs report. Gold...

Gold Prices Likely to Stay Volatile

Gold prices have risen sharply in recent weeks and are likely to stay volatile as traders react to varying global economic signals, according to HSBC. Gold futures are currently flat at $2,042.30 a troy ounce, having hit a record high on Friday at $2,089.70 an ounce. Still prices have been highly...

Gold Prices Kick Off Second Half Of 2023 In The Red As U.S. Dollar Strengthens

Gold prices are starting the second half of 2023 in the red on Monday after booking their biggest monthly loss since February in June as higher Treasury yields and a stronger U.S. dollar weigh on the yellow metal. Gold for August delivery is down $8.90, or 0.5%, to $1,920 an ounce on...

Gold Prices Inch Higher as Traders Await Inflation Report, Fed Meeting

Gold prices built on last week’s advance early Monday during what was shaping up to be a quiet session as traders awaited a Tuesday inflation report followed by the conclusion of the Federal Reserve’s June policy meeting on Wednesday. Gold futures for August delivery gained 20 cents, or nearly...

Gold Prices Inch Higher Ahead of Fed Decision

Gold prices ticked higher on Wednesday after suffering the biggest pullback for a most-active futures contract in six weeks during the prior session. Now traders are waiting for the Federal Reserve to release its latest decision on interest rates to see how it might impact prices of the yellow...

Gold Prices in Holding Pattern as Investors Await Fed Meeting

Gold prices were little changed on Monday as a busy week for markets begins, with investors waiting to hear from Federal Reserve Chairman Jerome Powell on Wednesday as the central bank’s July policy meeting concludes. Gold futures for August delivery were up 70 cents at $1,967 an ounce on...

Gold Prices Holding Near Session Highs as U.S. Housing Starts Rise 7% in September

Gold prices remain near the upper edge of their daily range as the precious metal sees little reaction to the latest U.S. housing construction data. Housing starts rose by 7% in September to a seasonally adjusted annual rate of 1.358 million units, the Commerce Department said on Wednesday. The...

Gold Prices Hold Steady as Investors Await US Economic Data

Gold prices showed stability as investors held their positions in anticipation of key US economic data releases. Spot gold was listed at $2,021.89 per ounce, while gold futures also remained steady, closing on COMEX at $2,024.80 per ounce. The precious metals market also saw silver experiencing a...

Gold prices hold firm as banking worries persist

Gold prices edged higher on Thursday, bouncing towards last session’s month-and-a-half peak as concerns about the banking crisis continue after the European Central Bank hiked interest rates despite the ongoing financial stability risks. Spot gold was up 0.1% at $1,919.31 per ounce, after jumping...

Gold Prices Hit Three-Week Low As Fed Uncertainty Persists

Gold prices fell to a more-than three-week low on Thursday, extending a rash of recent losses after several Federal Reserve officials warned against bets that the central bank was done raising interest rates. The yellow metal was headed for a fourth straight day in red, amid continued pressure...

Gold Prices Hit Record Highs Near $2,300 as Taiwan Quake Dents Risk Appetite

Gold prices rose in Asian trade on Wednesday, remaining in sight of record highs amid increased safe haven demand after a devastating earthquake in Taiwan, while uncertainty over U.S. interest rates also boosted gold demand. A broad sell-off in stock markets, as risk appetite deteriorated, also...

Gold prices hit record high on bets of early Fed rate cuts

Gold prices touched an all-time high on Monday, but later pared back some of these gains, as traders bet on the potential for a Federal Reserve interest rate cut next year. By 07:26 ET (12:26 GMT), spot gold was mostly unchanged at $2,071.29 a troy ounce, retreating slightly from an earlier rally...

Gold Prices Hit Near 3-Week High As Dollar, Yields Retreat

Gold prices rose to a near three-week high on Tuesday, tracking some weakness in the dollar and Treasury yields as markets awaited a slew of key U.S. economic readings due later this week. The greenback came off a near three-month peak this week amid some profit taking, while benchmark U.S....

Gold Prices Higher For 4th Day As Investors Await January Inflation Report

Gold futures traded marginally higher early Thursday as hawkish commentary on interest rates from some Federal Reserve officials helped to limit further upside for the yellow metal, while traders waited for more U.S. inflation data next Tuesday, market analysts said. Gold for April delivery...

Gold Prices Higher as Traders Wait to Hear from Fed’s Powell

Gold prices traded higher on Wednesday, as Treasury yields slipped along with the dollar and investors around the world waited to hear from Federal Reserve Chairman Jerome Powell as the central bank’s July policy meeting is set to conclude. Gold futures for August delivery gained $10.70, or 0.5%,...

Gold Prices Gain on Softer Dollar; Focus on US Inflation Data

Gold prices rose on Tuesday as the dollar softened, while investors awaited a key U.S. inflation report and speeches from Federal Reserve officials for cues into the central bank's potential rate-cut timings. Spot gold was up 0.4% at $2,038.19 per ounce, as of 0840 GMT. U.S. gold futures rose...

Gold prices gain on hopes of smaller U.S. rate hikes

Gold prices advanced to an eight-month high on Monday, as a weaker dollar made greenback-priced bullion cheaper for overseas buyers while hopes of less-aggressive U.S. rate hikes also lifted sentiment. Spot gold was up 0.7% at $1,878.55 per ounce, as of 0256 GMT, its highest level since May 9,...

Gold Prices Gain as U.S. Dollar Loses Strength on Fed Pause Bets

Gold prices rose on Friday, on track for their second consecutive weekly gain, with a boost from a drop in the U.S. dollar and bets the U.S. Federal Reserve might soon end its interest rate-hiking cycle. Spot gold was up 0.4% at $1,999.88 per ounce, and has risen about 1% so far this week. U.S....

Gold prices gain as traders assess hopes for sizeable Fed rate cut

Gold climbed for a fourth straight day on Thursday as investors held onto hopes the Federal Reserve would trim interest rates by a significant margin this year, even after the U.S. central bank pushed back against the idea of a cut in March. Spot gold rose 0.5% to $2,046.63 per ounce by 0355 GMT....

Gold Prices Flat, on Track to End Week with Small Loss

Gold prices shifted between marginal gains and losses on Friday one day after St. Louis Fed President James Bullard suggested during a presentation that the Fed’s benchmark policy right might need to rise as high as 7%. Gold prices for December were off less than 0.1% at $1,762 per ounce after...

Gold Prices Flat on Caution ahead of Fed Meeting

Gold prices were flat on Tuesday, as cautious market participants awaited fresh cues from top central banks on their monetary policy plans, especially from the U.S. Federal Reserve. Spot gold was unchanged at $1,982.69 per ounce by 0248 GMT. U.S. gold futures fell 0.1% to $1,991.00. The Fed,...

Gold Prices Flat as Investors Await US Jobs for More Fed Cues

Gold prices were flat on Thursday as investors held back from making big bets ahead of a crucial U.S. payrolls data later this week that could offer more clues on the Federal Reserve's interest rate trajectory. Spot gold held its ground at $2,025.69 per ounce by 0516 GMT. U.S. gold futures fell...

Gold Prices Firm on Fed Rate-Cut Prospects

Gold prices rose on Tuesday, helped by a weaker U.S. dollar and lower Treasury yields on expectations that the Federal Reserve will lower interest rates next year. Spot gold was up 0.4% at $2,062.09 an ounce by 1041 GMT after hitting a more than two-week high of $2,070.39 in the previous session....

Gold Prices Finish Higher, Look to Score a Gain for The Week

Gold futures settled higher on Thursday, recouping most of losses from a day earlier that pulled prices to their lowest finish in just over a week. The precious metal found support from weakness in the U.S. dollar following U.S. data showing a weekly rise in the number of people who applied for...

Gold prices fall on strong dollar, U.S. housing data ahead of Fed Powell’s testimony

Gold futures fell Tuesday, pressured by U.S. dollar strength after strong U.S. May housing starts and building permits data, as homebuilders ramped up building single-family homes to meet strong demand from buyers, while investors looked ahead to testimony by Federal Reserve Chairman Jerome Powell...

Gold Prices Fall On Rate-Cut Doubts; Copper Hit By China Weakness

Gold prices extended losses in Asian trade on Wednesday as hawkish signals from Federal Reserve officials raised more doubts over early interest rate cuts by the central bank, while a rebound in the dollar also dented prices. Among industrial metals, copper prices came close to a one-month low...

Gold Prices Fall on a Firm Dollar as Spotlight Moves to U.S. CPI Data

Gold prices declined on Monday pressured by a firm U.S. dollar, as investors look ahead to several major central bank meetings and U.S. inflation data this week for further clarity on the interest rate path. Spot gold was down 0.4% at $1,994.70 per ounce. U.S. gold futures eased 0.3% to...

Gold prices fall from record highs, but risk aversion limits losses

Gold prices fell from record highs in Asian trade on Wednesday as traders remained on edge before a closely-watched testimony from Federal Reserve Chair Jerome Powell, although a rout in risk-driven markets pointed to more safe-haven demand. The yellow metal shot up to record highs on Tuesday,...

Gold Prices Fall for a Fifth Day as Another Robust Economic Report Shows the US Economy is Running Hot

Gold closed lower for a fifth-straight day on Friday as another report showed the US economy is still running hot, bolstering the Federal Reserve's case for more interest-rate hikes. Gold for April delivery closed down US$9.70 to US$1,817.10 per ounce, the lowest since Dec.28. The drop comes as...

Gold Prices Fall as the Dollar Strengthens Follows US Interest-Rate Hike

Gold fell sharply on Thursday as the dollar rose following the Federal Reserve's day-prior decision to boost US interest rates by 50 basis points as the central bank warned further rate increases are still needed to quell stubborn inflation. Gold for February delivery closed down US$30.80 to...

Gold prices face resistance at $2,000 as Fed meeting looms

Gold prices were muted in early Asian trade on Tuesday after touching key highs in the prior session as markets locked in some profits ahead of an upcoming Federal Reserve interest rate decision, while caution over a potential banking crisis kept safe haven demand strong. The yellow metal rallied...

Gold prices end slightly lower after Fitch strips U.S. government of top-tier credit rating

Gold and silver futures settled lower on Wednesday after Fitch Ratings lowered the U.S. government’s credit rating Tuesday evening, following its warning it may do so earlier this year in the wake of the debt-ceiling fight in Congress, while the latest report shows the U.S. economy saw a robust...

Gold Prices End Slightly Lower After A Stronger Than Expected U.S. Inflation Reading

Gold futures ended Thursday with a modest loss after U.S. data showed a stronger than expected September inflation reading. “Recent gold price movements remain highly correlated to inflation expectations, not current inflation levels,” and Thursday’s consumer price index print increases the odds...

Gold Prices End Session at Their Highest Since August as U.S. Inflation Eases

Gold futures settled at their highest price since late August on Thursday, supported by a pullback in the U.S. dollar and Treasury yields after data showed a smaller-than-expected monthly rise in U.S. inflation. The U.S. consumer-price index reading signaled a modest rise in the cost of living,...

Gold Prices End Lower, Then Extend Declines After The Fed Rate Decision

Gold futures settled lower on Wednesday, then extended their decline into the electronic trading after the Federal Reserve announced a hike in the fed funds rate of 50 basis points to the 4.25% to 4.5% range, as expected. February gold was at $1,808 an ounce in electronic trading shortly after...

Gold prices end lower, extend losses after the Fed rate decision

Gold futures settled lower on Wednesday, then extended their losses into the electronic trading after the Federal Reserve announced a hike in the fed funds rate of 25 basis points to the 4.5% to 4.75% range, as expected. April gold was at $1,939.20 an ounce in electronic trading shortly after the...

Gold prices end lower as traders monitor unrest in China

Gold prices ended lower on Monday as traders watched protests in China and eyed this week’s U.S. economic data for clues on the Federal Reserve’s next move on interest rates. Gold for December delivery declined by $13.70, or 0.8%, to settle at $1,740.30 per ounce on Comex. February gold which is...

Gold prices end lower as bond yields edge higher, with focus on Fed’s rate path

Gold prices closed lower on Monday, following robust gains during Friday’s session, as bond yields edged higher, putting pressure on the yellow metal. Prices for silver also fell, with the most-active contract ending at its lowest level in about a month. Gold futures for December fell by $6.10,...

Gold Prices End Higher, Extend Gains After the Fed Rate Decision

Gold futures settled higher on Wednesday, then extended those gains into the electronic trading after the Federal Reserve announced a hike in its benchmark fed funds rate of a quarter of one percentage point to a 4.75% to 5% range. April gold was at $1,966.40 an ounce in electronic trading...

Gold Prices End Higher to Eke out a Gain for the Week

Gold futures finished higher on Friday to eke out a gain for the week, finding support from a pullback in the U.S. dollar after a recent drop in the metal’s price to a three-week low. This week’s batch of U.S. inflation reports were seen by some as not alarming enough to force more immediate...

Gold prices end higher as dollar softens after data shows U.S. inflation easing

Gold futures settled higher on Friday, as the U.S. dollar softened following the Bank of Japan’s decision to tweak its monetary policy framework, and as a measure of U.S. consumer prices that is closely monitored by the Federal Reserve showed that the pace of price increases slowed last...

Gold Prices End Higher after 7th Straight Monthly Loss

Gold prices ended higher Tuesday, recovering some of their recent losses, after posting a seventh straight monthly decline in October. Gold for December delivery rose $9, or nearly 0.6%, to settle at $1,649.70 an ounce on Comex. The yellow metal suffered its seventh straight monthly fall in...

Gold Prices Edge Up as Traders Brace for Fed Rate Decision

Gold prices ticked up on Tuesday supported by a slightly weaker dollar and lower Treasury yields as investors primed for the U.S. Federal Reserve’s policy meeting for updates on the timing of its interest rate cuts. Spot gold was up 0.2% at $2,035.54 per ounce by 1030 GMT. U.S. gold futures rose...

Gold Prices Edge up Ahead of Likely Fed Rate Pause

Gold prices edged higher on Monday as investors priced in a pause in interest rate hikes by the Federal Reserve at its policy meeting this week, with a focus on the U.S. central bank’s rate outlook. Spot gold rose 0.2% to $1,928.19 per ounce by 0256 GMT. U.S. gold futures were up 0.2% to...

Gold Prices Edge Up Ahead of Likely Fed Rate Pause

Gold prices edged higher on Monday as investors priced in a likelihood that the Federal Reserve will not raise rates at its policy meeting this week, with a focus on the U.S. central bank’s rate outlook. Spot gold rose 0.13% to $1,926 per ounce by 6:45 ET. U.S. gold futures were up 0.11% to...

Gold Prices Edge Lower; Downside May Be Limited

Gold prices edge lower in Asian trade, pulling back from strong gains overnight as hopes for easing Fed tightening offered a boost to the precious metal. Analysts at Galaxy Futures remain optimistic about the commodity's near-term outlook. They point to rebound opportunities for the metal, given...

Gold Prices Edge Lower in Face of Higher-for-Longer Rates

Gold prices fell in Asian trade on Monday amid increasing bets that the Federal Reserve will keep interest rates higher for longer, although some safe-haven demand and near-term dollar weakness kept the yellow metal above key levels. Bullion prices were hit with a heavy dose of profit-taking in...

Gold Prices Edge Lower As Dollar Rebounds Before More Fed, Economic Cues

Gold prices fell slightly on Tuesday after a strong run-up in recent sessions, while a rebound in the dollar also pressured prices ahead of more upcoming economic data and signals from the Federal Reserve. The yellow metal benefited from increased safe-haven demand in recent sessions, amid an...

Gold Prices Edge Higher as Tepid Dollar Lifts Appeal

Gold prices edged higher on a weaker dollar, although bullion hovered close to three-month lows as traders assessed prospects that more interest rate hikes by the U.S. Federal Reserve were in the offing. Spot gold rose 0.2% to $1,925.78 per ounce by 0341 GMT. U.S. gold futures were up 0.3% at...

Gold Prices Ease on Profit Taking and Higher Treasury Yields

Gold prices slipped early on Monday on rising treasury yields and profit taking. Gold for December delivery was last seen down US$4.40 to US$1,994.80 per ounce. The drop comes as investors take profits after safe-haven buying following the Oct.7 terror attacks by the Hamas militant group that...

Gold Prices Ease on Profit Taking and Higher Treasury Yields

Gold prices fell on Monday on rising treasury yields and profit taking. Gold for December delivery closed down US$10.60 to settle at US$1,988.60 per ounce. The drop comes as investors take profits after safe-haven buying following the Oct.7 terror attacks by the Hamas militant group that...

Gold Prices Ease as Traders Gauge OPEC+ Output Cuts, Weak US Data

Gold prices edged lower on Tuesday as traders assessed the likely path of the Federal Reserve's monetary policy after data showed a slump in U.S. manufacturing activity and as OPEC+'s production cut sparked inflationary risks. Spot gold was down 0.2% at $1,980.39 per ounce, as of 0314 GMT. U.S....