Gold News Gold prices rose as the dollar weakened following dovish comments from Federal Reserve Chair Jerome Powell. Spot gold increased by 0.7% to $2,344.60 per ounce; U.S. gold futures rose by 0.9% to $2,354.20. Analyst Ricardo Evangelista attributed gold’s price gains to the weakening dollar and Powell’s comments on inflation. A weaker dollar makes…
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Gold News Gold Prices: Gold slipped 0.2% to $2,327.06 per ounce; U.S. gold futures steady at $2,339.10. Dollar and Bond Yields: The firm U.S. dollar and rising U.S. bond yields make gold less attractive. Fed Chair Comments: Investors await Jerome Powell’s comments for clues on interest rates. Economic Data: Key jobs data (ADP employment, ISM…
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Gold News Gold prices rose 13% this year, reaching a record high above $2,440 per ounce in May. Factors driving the increase included inflation concerns and the expectation of interest rate cuts. As interest rate cuts became less likely, gold prices fell back to around $2,330 per ounce, about 5% below the record peak. Economic…
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Gold News Gold prices eased 0.1% to $2,326.27 per ounce but were set for a third straight quarterly rise, gaining over 4% for the quarter. U.S. gold futures remained unchanged at $2,336.90. Gold’s quarterly increase is attributed to potential U.S. monetary easing and significant gold purchases by China for their reserves. China’s gold reserves remained…
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Gold News Gold prices steadied at $2,298.76 per ounce after falling to a two-week low, with investors awaiting U.S. inflation data. U.S. gold futures fell 0.2% to $2,309.30. The dollar hovered near an eight-week high, making gold more expensive for other currency holders. Rising bond yields and a strong dollar have pressured gold prices. Fed…
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Gold News Gold prices were subdued as investors awaited a key U.S. inflation reading. Spot gold eased 0.3% to $2,312.90 per ounce; U.S. gold futures fell 0.3% to $2,324.80. The dollar rose 0.2%, making gold more expensive for other currency holders, while 10-year yields also edged higher. Higher Treasury yields and a stronger U.S. dollar…
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Gold News Gold prices remained steady at $2,332.30 per ounce as of 0934 GMT, with Western investors awaiting U.S. inflation data for clues on future rate cuts. Gold is down 5% from a record high of $2,449.89 per ounce reached on May 20. The current price movement is driven by sentiment in China, where highly…
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Gold News Gold prices increased by 0.4% to $2,330.56 per ounce. U.S. gold futures rose 0.5% to $2,343.30. The rise followed a 1% drop due to a stronger dollar. Benchmark 10-year U.S. Treasury yields edged down, making gold more attractive. Investors await the upcoming inflation reading, which could influence the Federal Reserve’s interest rate decisions.…
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Gold News Set to post a second consecutive weekly gain. Spot gold rose 0.2% to $2,363.06 per ounce after hitting a two-week high. Gained more than 1% this week, adding to a 1.7% increase last week. U.S. gold futures rose 0.3% to $2,376.70 per ounce. Softer U.S. economic data (e.g., housing slowdown, tepid retail sales)…
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Gold News Gold prices reached a two-week high on Thursday, with spot gold up 0.3% at $2,333.69 per ounce and U.S. gold futures steady at $2,347.30. The rise is attributed to weak U.S. economic data, raising expectations of interest rate cuts from the Federal Reserve later this year. Global election uncertainties also supported gold prices.…
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