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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Gold News Gold Movement : Gold fell slightly by 0.1% to $2,348.59 per ounce after rising 1% the previous session. U.S. gold futures were unchanged at $2,368.80. Upcoming U.S. Jobs Data : Investors await the ADP employment report on Wednesday and non-farm payrolls data on Friday for insights on the Federal Reserve’s rate decisions. Technical…
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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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