Gold News Gold Prices : Spot gold fell by 0.5% to $2,348.45 per ounce, and U.S. gold futures dropped 0.9% to $2,354. Recent Highs : Prices reached the highest level since April 22 on the previous Friday. Upcoming Reports : The U.S. producer price index (PPI) and consumer price index (CPI) reports are due for…
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Gold News Gold Price Increase : Gold reached its highest price since the April crash due to expectations of Federal Reserve interest-rate cuts. June Gold Futures : They rose 1.4% to $2,373.6 per troy ounce, with a peak at $2,377.2, the highest since April 22. April Peak and Drop : Gold hit an all-time high…
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Gold News Gold Prices : Spot gold was stable at $2,310.47 per ounce, with U.S. gold futures slightly down by 0.2% to $2,317.30. U.S. Economic Data : Investors are awaiting weekly jobless claims, consumer sentiment readings, and consumer price index data for cues on potential Federal Reserve interest rate cuts. Market Expectations : There’s a…
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Gold News Gold futures saw a slight decrease of 0.2% to $2,320.1 per troy ounce. This movement was supported by China’s consistent gold purchases. The Chinese central bank continued to grow its gold reserves in April, adding 1.9 metric tons, now totaling 2,264.3 tons. The first quarter of the year marked the strongest gold demand…
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Gold News Gold prices remained steady due to safe-haven demand amid uncertainty surrounding the Gaza ceasefire and expectations of U.S. Federal Reserve interest rate cuts. Spot gold held at $2,320.69 per ounce, rising over 1% in the previous session. U.S. gold futures were flat at $2,328.40. Analyst Matt Simpson noted that gold has been building…
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Gold News Gold Spot : Rose by 1% to $2,325 per ounce. Gold Futures : Increased by 1% to $2,331.5 per troy ounce due to optimism for U.S. interest rate cuts. Economic Data : U.S. private sector job growth slowed in April, which could lead the Federal Reserve to ease monetary policy. Interest Rates and…
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Gold News Gold prices have stabilized at $2,300 per ounce after a drop to a nearly 1-month low of $2,277. The price stabilization occurred as investors capitalized on higher gold valuations to book profits. This activity persisted despite the release of weaker-than-expected US labor data. The labor data led to speculation that the Federal Reserve…
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Gold News Gold Futures : Gold prices increased by 0.45% to $2,321.4 per troy ounce, with a rebound from a four-week low, following softer-than-expected remarks from the U.S. Federal Reserve. MUFG’s Forecast : MUFG has a strong bullish stance on gold, predicting a year-end price of $2,350 per ounce, which is now considered a modest…
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Gold News Gold Prices : Spot gold remained near a four-week low, flat at $2,285.69 per ounce as of the latest update, following a drop due to a stronger dollar and U.S. Treasury yields. Recent Low : The price had fallen over $140 from a record high of $2,431.29 on April 12. U.S. Gold Futures…
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