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Gold prices fell over 1% after hitting a record high on Wednesday, as a stronger dollar and a rise in U.S. Treasury yields countered support from safe-haven demand linked to the Nov. 5 U.S. election and Middle East war. Spot gold was down 1% to $2,721.12 per ounce as of 12:25 p.m. EDT (1410 GMT)...
Gold took a breather after surging to a record high on Monday, as higher U.S. Treasury yields and dollar offset support from growing uncertainties surrounding the U.S. presidential election and the Middle East war. Spot gold was little changed at $2,723.25 per ounce, as of 1:35 p.m. ET (1735...
Gold prices rose more than 1% to hit a record high on Thursday, helped by expectations of an interest rate cut by the Federal Reserve next week after U.S. data signalled a slowing of the economy. Spot gold was up 1.7% at $2,554.05 per ounce, as of 02:10 p.m. ET (1810 GMT). U.S. gold futures...
Gold prices fell on Wednesday as the dollar and Treasury yields firmed after U.S. inflation data prompted investors to scale back expectations of an oversized rate cut from the Federal Reserve next week. Spot gold was down 0.1% at $2,513.19 per ounce at 1:46 p.m. ET (1746 GMT). U.S. gold futures...
Gold held steady near its record high on Tuesday as investors awaited U.S. Federal Reserve minutes and Chair Jerome Powell's speech for indications on how much the central bank will cut rates this year. Spot gold edged 0.2% higher to $2,500.08 per ounce by 0254 GMT, trading slightly below an...
Gold prices steadied on Tuesday to hover close to an all-time high hit in July, as the dollar and Treasury yields crept lower after U.S. producer price data cemented hopes for a interest rate cut from the Federal Reserve in September. Spot gold was down 0.2% to $2,467.80 per ounce by 1:54 p.m ET...
Gold prices held steady on Friday after a sharp rise in the previous session, bolstered by a dip in U.S. Treasury yields, as investors grew confident that the Federal Reserve would lower interest rates in September. Spot gold was little changed at $2,427.73 per ounce as of 1826 GMT, after a 1.9%...
Gold prices eased on Friday as the latest jobs data eased concerns on U.S. recession, with prices set for a weekly decline after a global sell-off earlier in the week led to big losses in bullion, while traders awaited further clues on U.S. rate cuts. Spot gold was down 0.1% to $2,424.03 per...
Gold prices firmed on Thursday as the dollar and Treasury yields retreated on rising bets that U.S. interest rate cut cycle may start in September, while investors awaited the weekly jobless claims data. Spot gold rose 0.7% at $2,398.63 per ounce by 1012 GMT, on track to snap a five-session...
Gold prices drifted higher on Wednesday driven by safe-haven demand and rising bets that the U.S. Federal Reserve might reduce interest rates as early as September. Spot gold rose 0.6% to $2,402.43 per ounce, as of 1242 GMT, having settled lower in the previous four sessions. U.S. gold futures...
Gold prices inched up on Tuesday and analysts noted that the non-yielding metal's outlook remains positive as latest commentary from Federal Reserve officials and data point towards bigger U.S. interest rate cuts. Spot gold rose 0.2% at $2,412.79 per ounce by 0846 GMT. Bullion fell as much as 3%...
Gold prices eased in volatile trading on Monday as investors liquidated positions in tandem with a broader equities sell-off, though analysts said bullion's safe-haven appeal remains strong as U.S. recession fears mount. Spot gold was down 0.8% at $2,425.04 an ounce by 0856 GMT. U.S. gold futures...
Gold prices were poised for their biggest weekly jump in four months on Friday, supported by safe-haven demand and expectations that the U.S. Federal Reserve would start cutting interest rates in September as markets await key jobs report for further cues. Spot gold was up 0.7% at $2,463.45 per...
Gold price (XAU/USD) exhibits a strong performance in Wednesday’s American session, with investors focusing on the Federal Reserve’s (Fed) monetary policy outcome later the day. The precious metal climbs to near $2,420 as its safe-haven appeal improves amid fears that Middle East tensions would...
Gold prices gained around 1% on Tuesday as investors remained optimistic that the U.S. Federal Reserve could drop clues about lowering interest rates in September at the end of the policy meeting this week. Spot gold was up 0.8% at $2,403.47 per ounce as of 1747 GMT. U.S. gold futures settled 1%...
Gold prices edged higher on Tuesday as investors awaited the Federal Reserve's commentary on its monetary policy and a deluge of U.S. economic data due later in the week for more clues on the pace and scale of the Fed's interest rate cuts. Spot gold was up 0.2% at $2,387.89 per ounce, as of 0911...
Gold prices edged up on Monday on heightened geopolitical tensions in the Middle East and expectations of a U.S. rate cut in September, with the focus on this week’s Federal Reserve policy meeting. Spot gold rose 0.1% to $2,387.42 per ounce. Non-yielding gold is up 3% in July after hitting a...
Gold was on track for a weekly loss, even as prices firmed on Friday ahead of a key U.S. inflation reading that could offer more cues on when the Federal Reserve will cut interest rates. Spot gold rose 0.4% to $2,374.14 per ounce by 0235 GMT, but was down 1% for the week. U.S. gold futures...
Gold steadied near the lowest in more than two weeks, as resilient US economic growth data scuttled hopes the Federal Reserve will implement interest rate cuts as soon as next week. Bullion was little changed in early Asian trading at around $2,365 an ounce, and was down 1.5% for the...
Gold extended its decline to its lowest in two weeks on signs that investors are taking profits across asset classes amid a selloff in equities. Gold fell as much as 1.3% to near $2,370 an ounce. The decline in global stocks, including a $1 trillion plunge in Wall Street’s Nasdaq 100...