Gold News Spot Gold : Spot gold remained nearly unchanged at $2,322.53 per ounce as of 0342 GMT. It had risen nearly 2% in May. U.S. Gold Futures : U.S. gold futures fell 0.1% to $2,342.70. Market Catalysts : Traders are closely watching U.S. economic data, including jobs data and the Institute of Supply Management’s…
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Gold News Gold prices are set for a fourth consecutive monthly gain, remaining unchanged at $2,343.63 per ounce as of 0726 GMT. Weekly gold prices are up 0.4%, and monthly prices are up 2.5%.U.S. gold futures are flat at $2,341.80 per ounce. Monthly gains are driven by central bank buying and geopolitical risks. Market is…
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Gold News Spot gold eased 0.2% to $2,333.22 per ounce as of 0836 GMT. U.S. gold futures fell 0.8% to $2,323.40. Gold prices have fallen over $100 since hitting a record high of $2,449.89 on May 20. Traders anticipate the Federal Reserve keeping rates higher for longer, impacting the opportunity costs of holding gold. Hawkish…
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Gold News Gold Futures Decline: Gold futures dropped by 0.2% to $2,352.7 per troy ounce. Federal Reserve Commentary : Several Federal Reserve officials made statements that dampened hopes for monetary policy easing. U.S. Dollar Recovery : The precious metal’s decline is influenced by a modest recovery in the U.S. dollar. Interest Rates : Minneapolis Fed…
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Gold News Gold Prices: Gold fell to $2,340 as the DXY (U.S. Dollar Index) rose, with investors looking ahead to key U.S. inflation data that could provide insights on the timing of potential Federal Reserve interest rate cuts. Market Focus: Investors are awaiting key U.S. inflation data that may influence the Federal Reserve’s interest rate…
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Gold News Gold futures rose 0.2% to $2,339.9 a troy ounce. This increase follows losses from Friday’s session, which closed at a two-week low. Focus is on the upcoming U.S. Personal Consumption Expenditures (PCE) price index, due Friday. The PCE index is the Federal Reserve’s preferred inflation measure and may indicate future monetary easing. High…
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Gold News Gold Prices : Gold prices reached a two-week low and are on track for the largest weekly decline in over five months. Federal Reserve Impact : The decline follows a hawkish stance in the U.S. Federal Reserve minutes, reducing expectations of interest rate cuts. Current Prices : Spot gold increased slightly by 0.4%…
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Gold News Gold Prices Decline : Gold prices fell to a one-week low, continuing a three-session decline due to profit-taking and indications from the Federal Reserve that interest rates would remain high for longer. Current and Historical Prices : Spot gold dropped 0.7% to $2,361.76 per ounce, hitting a low of $2,354.79 earlier. It reached…
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Gold News Gold Prices : Steady above $2,400 level. Spot gold at $2,415.35 per ounce. U.S. gold futures down 0.3% at $2,419.00. Bullion hit a record high of $2,449.89 on Monday. Factors Supporting Gold : Fiat currency debasement by the U.S. and developed nations due to rising budget deficits. Stimulus fiscal policy may erode confidence…
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Gold News Asian stocks dipped, while the dollar remained stable as investors awaited the Federal Reserve’s meeting minutes for clues on potential rate cuts. Gold retreated from its all-time high, and crude oil fell due to concerns over prolonged high U.S. interest rates. Cryptocurrencies like ether and bitcoin reached six-week highs, fueled by rumors of…
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