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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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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