Gold prices edged higher in Asian trading on Monday as the dollar weakened, while uncertainty surrounding U.S. trade tariffs and Russia-Ukraine peace talks supported bullion's safe-haven appeal.
Spot Gold rose 0.3% to $2,865.69 per ounce, while Gold Futures expiring in April gained 0.9% to $2,873.59 an ounce by 00:35 ET (05:35 GMT).
Dollar dips amid tariff uncertainty; pushes gold up
U.S. President Donald Trump announced 10% additional tariffs on China and reaffirmed his tariff timings for 25% levies on Mexico and Canada last week.
However, on Sunday, U.S. Commerce Secretary Howard Lutnick said that Trump will determine the exact tariff levels on Tuesday.
Meanwhile, the recent breakdown in talks between Ukrainian President Volodymyr Zelenskyy and U.S. President Donald Trump has diminished prospects for a Russia-Ukraine peace agreement, leading to heightened concerns over prolonged geopolitical instability.
The US Dollar Index fell 0.4% in Asia hours, retreating from a two-week high.
With the weaker greenback, and prospects of longer-than-expected geopolitical instability, gold maintained its safe-haven demand.
Other precious metals also gained on a weaker greenback. Platinum Futures jumped 1.2% to $949.10 an ounce, while Silver Futures gained 0.7% to $31.730 an ounce.
Source: Investing.com
Gold prices weakened on Friday, weighed down by a stronger U.S. dollar and signs of progress in U.S.-EU trade negotiations, which have dampened demand for safe-haven assets. Spot gold fell 0.9% to $3...
Gold prices weakened on Friday (July 25th), weighed down by a stronger US dollar and signs of progress in US-EU trade negotiations, which have reduced safe-haven demand. Spot gold fell 1% to $3,333.12...
Gold price (XAU/USD) extends its steady intraday descent through the first half of the European session and drops to a fresh daily low, back closer to the $3,350 level in the last hour. Thursday's US ...
Gold prices edged lower on Friday, as signs of progress in trade negotiations between the U.S. and its trading partners weighed on safe-haven demand, although an overall weaker dollar limited losses f...
Gold hovered around $3,360 per ounce on Friday, following two straight sessions of losses amid easing trade tensions and rising risk appetite. Investors continue to monitor progress in tariff negotiat...
The S&P 500 rose 0.4% on Friday (July 25), notching its fifth consecutive record close—its longest streak in more than a year—while the Nasdaq 100 gained 0.2% after hitting an intraday high. The Dow Jones Industrial Average gained 208 points as...
Oil prices weakened on Friday (July 25th) and closed at a three-week low as traders worried about negative economic news from the US and China and signs of increasing supply. The losses were limited by optimism that a US trade deal could boost...
Gold prices weakened on Friday, weighed down by a stronger U.S. dollar and signs of progress in U.S.-EU trade negotiations, which have dampened demand for safe-haven assets. Spot gold fell 0.9% to $3,336.01 an ounce at 2:01 PM ET (18:01 GMT). U.S....
Equities in Indonesia rose 64 points, or 0.9%, to 7,555 around noon on Thursday, gaining for a second straight session and supported primarily by...
The European Central Bank (ECB) is on track to leave its key interest rates unchanged after its July policy meeting, after having reduced rates at...
Initial jobless claims in the US fell by 4,000 from the previous week to 217,000 in the third week of July, well under market expectations that they...
European stocks closed mostly lower on Friday (July 25th) as markets continued to monitor the latest corporate earnings reports while awaiting the...