Gold News Gold prices rose over 1% today, reaching $3,052.97 per ounce, just below the all-time high of $3,057.21. The increase followed President Trump’s announcement of a 25% tariff on auto imports, which has added to global trade tensions and increased demand for gold as a safe-haven asset. The Federal Reserve kept interest rates unchanged…
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Gold News Gold Holds Near Record Highs: Spot gold initially dropped over 1% due to a stronger U.S. dollar but later recovered, trading at $2,795.29 per ounce (-0.2%) by 1005 GMT. U.S. gold futures were at $2,829.40 (-0.2%). Tariffs Fuel Safe-Haven Demand: Trump’s 25% tariffs on Mexico and Canada and 10% on Chinese goods sparked…
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Gold News Gold Hits All-Time High: Spot gold briefly touched $2,800 before stabilizing at $2,794.58 per ounce (0930 GMT). Prices rose 6% this month and 1% this week. Market Drivers: Gold surged as investors sought a safe-haven after U.S. President Donald Trump reiterated tariff threats on Mexico, Canada, and China. Central Bank Influence: Analysts see…
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Gold News Gold Prices Surge: Spot gold jumped 0.6% to $2,770.39 per ounce, reaching a three-month high of $2,777.10 earlier in the day. It’s set for a fourth straight weekly gain, up over 2% this week. Dollar Weakens: The dollar is down over 1% for the week, its worst weekly fall in two months, making…
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Gold News Gold Prices: Gold rose to $2,711.29 per ounce on Monday, supported by a weaker dollar, while U.S. gold futures traded at $2,752.40. Key Drivers: Investors are awaiting Donald Trump’s inauguration speech for clarity on trade policies, inflation outlook, and the Federal Reserve’s future interest rate decisions. Dollar Impact: A weaker dollar boosts gold’s…
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Gold News Gold Prices Steady: Spot gold held at $2,696.69 after hitting over one-month highs. U.S. gold futures rose 0.3% to $2,726.60. Core Inflation Data Impact: Softer U.S. core inflation data lowered expectations of aggressive rate cuts, boosting demand for gold as a safe-haven asset. Reduced inflation lifted hopes of a less restrictive Fed policy,…
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Gold News Gold Prices Movement: Spot gold rose 0.1% to $2,681.34 per ounce by 0701 GMT. U.S. gold futures gained 0.5% to $2,696.10. Key Driver: Investors are awaiting the U.S. CPI data release at 1330 GMT for clues on the Federal Reserve’s interest rate trajectory. Higher CPI data may push gold prices lower, reinforcing expectations…
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Gold News Gold Prices: Steadied at ~$2,685 on safe-haven demand amid uncertainty surrounding Trump’s policies. Trump’s Impact: Proposed tariffs could spark trade wars and inflation, benefiting gold as a hedge. U.S. Jobs Data: A stronger-than-expected jobs report highlighted a robust labor market, boosting the dollar and weighing on gold. Market Performance: Spot gold fell 0.1%…
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Gold News Gold prices edged up on Wednesday, with spot gold rising 0.1% to $2,653.04 per ounce, as of 0844 GMT, and U.S. gold futures remaining unchanged at $2,666.70. The market’s focus has shifted to key U.S. jobs reports due later this week, including the nonfarm payrolls report on Friday, which could influence the Federal…
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Gold News Spot gold rose 0.3% to $2,642.32 per ounce, and U.S. gold futures gained 0.2% to $2,653.60. The weaker U.S. dollar due to uncertainty around President-elect Donald Trump’s tariff plans supported gold prices. The dollar index eased to a one-week low amid speculation of softer tariff policies, though Trump denied the reports. Traders are…
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