Gold edged lower following a volatile week, in which it was whipsawed by a surging dollar in the wake of Donald Trump's election win and then a Federal Reserve rate cut.
Bullion traded near $2,680 an ounce after falling almost 2% last week. The precious metal received support from the Fed reduction, but was buffeted as investors weighed the likely impact of tax cuts, trade tariffs and looser regulations that Trump is pledging.
While gold may benefit from demand as a hedge against inflationary pressures resulting from those policies, Wall Street economists now see fewer Fed cuts than they did before the election, which is a negative for the metal
Bullion has risen around 30% this year as central banks moved to ease monetary policy and as heightened geopolitical and economic risks drove haven demand
Spot gold declined 0.2% to $2,678.50 an ounce as of 9:08 a.m. in Singapore. The Bloomberg Dollar Spot Index was little changed. Silver edged lower, while platinum and palladium advanced
Source: Bloomberg
Gold held firm near an all-time high on Monday, inching closer to a key $3,600 level, bolstered by mounting expectations of a U.S. Federal Reserve rate cut this month following a weaker-than-expected ...
Gold edges higher in early Asian trade. An unexpectedly weak U.S. jobs report raised expectations of a Fed rate cut later this month, supporting gold, the ANZ Research team writes in a note. Investor...
Gold price rallies sharply and hits a new all-time high of $3,600 on Friday, following a soft Nonfarm Payrolls report, which raised speculation that the Federal Reserve (Fed) is ready to resume rate c...
Gold prices hit fresh record highs on Friday after a soft U.S. jobs report cemented hopes of a Federal Reserve interest rate cut, fuelling fresh momentum for bullion's blistering rally. Spot gold was...
Gold prices edged higher on Friday (September 5th) and were on track for their best weekly gain in three months, as expectations of a Federal Reserve interest rate cut boosted bullion's appeal and inv...
Gold held firm near an all-time high on Monday, inching closer to a key $3,600 level, bolstered by mounting expectations of a U.S. Federal Reserve rate cut this month following a weaker-than-expected jobs report last week. Spot gold was flat at...
OPEC+ agreed to increase production by 137,000 barrels per day starting in October 2025. This increase is slower than in previous months and was decided by the eight core members, as a further step in reopening the tap after a long period of cuts....
Hong Kong shares rose 52 points or 0.2% to 25,468 in Monday morning trade, gaining for the second session as U.S. futures inched up after weak U.S. labor data boosted expectations of rate cuts this month. Mainland markets advanced further after...
US stocks rallied on Friday (September 5th), with the S&P 500 rising 0.4% and the Nasdaq gaining 0.6% to new record highs, while the Dow Jones...
European stocks closed on Friday, tracking the pullback in US equities after pessimistic labor data from the US sounded alarms over the world's...
The U.S. economy added fewer jobs than anticipated in August, possibly bolstering the case for the Federal Reserve to slash interest rates at its...
US stocks closed lower on Friday after weaker-than-expected August jobs data raised concerns about a slowing economy, even as expectations for...