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Gold futures rise to a fresh high. Futures are up 1.2% at $2,971.30 a troy ounce after a new record of $2,973 an ounce earlier in the session. Gold's near 12% rise year to date surpasses even MUFG's above-consensus expectations, analysts say in a note. Gold's rally has shrugged off a higher U.S....
Gold prices dipped more than 2% on Friday, as the dollar gained and profit taking kicked in following bullion's all-time peak hit earlier this week, which was fuelled by rising expectations of U.S. interest rate cuts in September. Spot gold was down 1.9% at $2,399.27 per ounce by 1758 GMT....
Gold prices edged higher on Thursday, as expectations of a September interest rate cut from the U.S. Federal Reserve continue to gather momentum. Spot gold was down 0.21% at $2,453.23 per ounce. It hit an all-time high of $2,483.60 on Wednesday. U.S. gold futures fell 0.1% to...
Gold prices notched up an all-time high on Wednesday, as growing optimism for an interest-rate cut from the U.S. Federal Reserve in September and a weaker dollar boosted demand. Spot gold dropped about 0.6% to $2,454.98 per ounce by 1748 GMT due to profit-taking after hitting an all-time high of...
Comex gold futures are likely to extend recent gains to test year-to-date resistance at $2,477/oz, based on the daily chart, says Joseph Chai, technical analyst at RHB Retail Research, in commentary. The "higher high" price action of the futures together with uptrending moving averages indicate...
Gold jumped to a record Tuesday as rising expectations of a September interest rate cut bolstered demand for bullion. Gold futures advanced 1.7% to $2,471.1, topping the previous high of $2,454.20 reached May 20. Spot gold jumped 1.8% to $2,465.95 during the session, which is an all-time high...
Gold prices dropped more than 1% on Friday, weighed down by a stronger dollar and higher bond yields after data showed strong U.S. business activity, while auto-catalyst metal palladium jumped to a one-month high. Spot gold was down 1.7% at $2,319.95 per ounce as of 01:47 p.m. ET (1747 GMT). U.S....
Gold and silver futures climbed Thursday, with prices for both metals marking their highest settlements in two weeks, as U.S. economic data raised prospects for Federal Reserve interest-rate cuts later this year. "While Federal Reserve officials lean towards a single cut, market speculation...
Gold prices traded higher midafternoon on Tuesday after treasury yields fell and the dollar dropped off overnight highs as U.S. retail sales rose less than expected last month. Gold for August delivery was last seen up US$17.80 to US$2,346.80 per ounce. The U.S. Census Bureau reported retail...
Gold gold pushed back above the US$2.400 level midafternoon on Friday for the first time in a month, rising to a record as the dollar surrendered early gains.. Gold for June delivery was last seen trading up US$32.10 to US$2,417.60 per ounce, topping the prior record close of US$2,413.80 set on...
Gold prices eased off a three-week high midafternoon on Thursday as the dollar and yields rebounded after a day-prior drop as a report showed the US consumer price index eased in April. Gold for June delivery was last seen down US$9.60 to US$2,385.30 per ounce. The precious metal looked set to...
Gold prices traded higher midafternoon on Wednesday as a report showed US inflation rose less than expected last month, reviving hopes the Federal Reserve will be able to begin lowering interest rates this year and pushing down the dollar and yields. Gold for June delivery was last seen up...
Gold traded higher midafternoon on Tuesday as the dollar and treasury yields weakened even after another measure showed US inflation continued to run hot last month. Gold for June delivery was last seen up US$17.00 to US$2,360.00 per ounce. The US Bureau of Labor Statistics on Tuesday reported...
Gold traded lower midafternoon on Monday even as the dollar and yields dipped, as the price of the metal fluctuates amid a correction after setting a record high last month. Gold for June delivery was last seen down US$32.40 to US$2,342.60 per ounce. The drop comes even as the dollar and...
Gold prices rose on Friday and were poised for a fifth straight weekly gain as investors flocked towards the safe-haven asset as the escalating tensions between Iran and Israel fuelled fears of a wider regional conflict. Spot gold was up 0.3% at $2,385.22 per ounce, as of 0902 GMT, after hitting...
Gold moved back under US$2,400, trading lower by midafternoon on Friday after earlier rising above the mark for the first time, supported by worries Iran is readying an attack on Israel and falling treasury yields. Gold for June delivery was last seen down US$3.10 to US$2,369.60 per ounce after...
Gold pushed up to another fresh record high Tuesday, climbing again as treasury yields moved lower ahead of fresh US inflation data coming Wednesday. Gold for June delivery was last seen up US$10.70 to US$2,361.70 per ounce, while spot gold was up US$7.26 to US$2,346.29. The rise comes ahead of...
Gold prices hit a record high on Monday for a seventh straight session, fuelled by central bank purchases and geopolitical tensions, while strong economic data failed to dull bullion's allure. Spot gold firmed 0.3% to $2,336.39 per ounce, as of 13:45 p.m. ET (1745 GMT), after hitting a record...
Gold prices extended their record rally on Monday, supported by speculative buying and continued tensions in the Middle East, which overshadowed strong U.S. job growth in March. Spot gold was up 0.6% at $2,343.89 per ounce as of 0406 GMT, after hitting a record high of $2,353.79 earlier in the...
Gold closed lower on Thursday for the first time in eight sessions following a record run that pushed prices above US$2,300 for the first time as investors mull day-prior comments from Federal Reserve chair Jerome Powell while they await interest-rate cuts from the central bank. Gold for June...
