Gold News Gold prices edged up by 0.2%, with spot gold now glistening at $2,332.09 per ounce and U.S. gold futures holding steady at $2,346.80. U.S. retail sales barely budged in May, and the previous month’s data took a significant hit, pointing to sluggish economic activity. This has sparked fresh hopes for a Federal Reserve…
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Gold News Gold prices edged higher on Tuesday as Treasury yields eased. Spot gold increased by 0.2% to $2,323.97 per ounce, and U.S. gold futures rose 0.4% to $2,339.00. Lower 10-year Treasury yields made gold more attractive, with the dollar holding steady. Market participants are awaiting U.S. data and comments from Federal Reserve officials for…
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Gold News Gold prices dropped to around $2,320 per ounce on Monday, pressured by higher US Treasury yields. The previous week saw gold rise by over 1%. Market participants are awaiting further cues to gauge the Federal Reserve’s monetary policy trajectory. US consumer prices remained steady in May for the first time in nearly two…
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Gold News Gold prices rose by 0.4% to $2,311.39 per ounce on Friday. U.S. gold futures increased by 0.4% to $2,326.40. Gold is set for its first weekly gain in four weeks, with a 0.5% increase so far. U.S. economic data indicates softening price pressures. Optimism is growing about a potential Federal Reserve rate cut.…
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Gold News Gold prices fell after the U.S. Federal Reserve indicated fewer rate cuts this year than expected. Spot gold dropped 0.4% to $2,312.78 per ounce, and U.S. gold futures fell 1.1% to $2,328.20. The Fed held interest rates steady, delaying the start of rate cuts to possibly December. This is a shift from earlier…
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Gold News Gold prices remained stable, with spot gold slightly down by 0.1% at $2,314.56 per ounce and U.S. gold futures up by 0.2% to $2,331.10. Investors are awaiting the U.S. consumer inflation data and the Federal Reserve’s (Fed) interest rate policy update. There is concern that inflation is not decreasing as expected, which may…
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Gold News Gold prices fell by 0.3% to $2,302.89 per ounce, and U.S. gold futures fell 0.3% to $2,320.20. Investors are awaiting key U.S. inflation data and the Federal Reserve’s policy meeting for insights on interest rate cuts. Strong U.S. payrolls report may limit the Fed’s ability to signal a September rate cut, potentially impacting…
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Gold News Gold prices fell below $2,300 per ounce, the lowest in a month. Strong US jobs data (272K jobs added in May) reduced expectations for an early Federal Reserve interest rate cut. Likelihood of a September rate cut decreased from 70% to 50%. China’s central bank paused gold purchases in May after 18 months…
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Gold News Gold prices hit a two-week high due to falling U.S. bond yields and signs of a cooling labor market. Spot gold was up 0.4% at $2,363.03 per ounce, with U.S. gold futures rising 0.3% to $2,381.80. Analysts expect the Federal Reserve to cut rates twice this year, starting in September. A Reuters poll…
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Gold News Spot gold increased by 0.1% to $2,330.70 per ounce. U.S. gold futures rose by 0.1% to $2,350.30 per ounce. Weaker U.S. dollar and lower Treasury yields contributed to the rise. The dollar recovered slightly after hitting a two-month low. 10-year Treasury yields remained near their lowest level in almost three weeks. Analysts are…
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