Gold Rallies After Soft US Jobs Data Takes Pressure Off the Fed

Gold rose after US jobs data came in weaker than expected, taking the pressure off the Federal Reserve to tighten policy further. Nonfarm payrolls rose 150,000 in October, below the median economist estimate, while the unemployment rate unexpectedly rose. The dollar and Treasury yields extended...

Gold Set for First Weekly Drop in Four as Haven Demand Eases

Gold headed for its first weekly decline in four, with haven demand ebbing as the Israel-Hamas war remained contained. Bullion edged higher Friday as the greenback continued to retreat from near the highest in almost a year. Risk assets have surged this week, propelled by hints from the...

Gold Steady as Risk Assets Surge on Hopes Fed Hiking Cycle Over

Gold steadied following a three-day decline, as investors cut bets on further monetary tightening following a Federal Reserve meeting. European stocks and US futures rallied on Thursday as traders reacted to the possible end of the central bank’s campaign of interest-rate hikes. Gold traded...

Gold Steadies as Yields Drop on Lower Treasury Sales Before Fed

Gold steadied after the US Treasury announced plans to slow the pace of increase for its debt sales ahead of a Federal Reserve rate decision. The Treasury said it will sell $112 billion of longer-term securities at its so-called quarterly refunding auctions next...

Gold Steady Ahead of US Rate Decision as Investors Eye Yields

Gold steadied ahead of the Federal Reserve’s interest-rate decision, even as high US bond yields put pressure on the precious metal. Bullion has retreated this week after surging above $2,000 an ounce on Friday for the first time since May amid concerns the Israel-Hamas conflict could...

Gold Heads for Biggest Monthly Rise Since November on Middle East Conflict

Gold steadied on Tuesday on caution ahead of the Federal Reserve’s policy meeting this week, but held on track for its biggest monthly rise since November last year as the Israel-Hamas war boosted safe-haven bets. Spot gold was unchanged at $1,996.11 per ounce, having spiked as high as $2,009.29...

Gold surpasses $2,000 mark with Israel-Hamas war, Fed meeting in focus

Gold Falls From Above $2,000 as Israel Starts Ground Offensive

Gold fell from above $2,000 an ounce after breaching the threshold for the first time since May on Friday — as Israel’s ground invasion of Gaza appeared to be more cautious than it had initially vowed.  Bullion slid after jumping 1.1% on Friday as Israel stepped up ground operations....

Gold Rises for Third Day as Israel-Hamas War Supports Demand

Gold rose for a third day as the conflict in the Middle East continues to offer support for the precious metal, although choppy moves in Treasuries are muddying the outlook. Bullion has risen more than 8% since the Oct. 7 attack by Hamas on Israel increased demand for safe-haven assets, on...

Gold Prices Rise, Keep $2,000 in Sight as U.S.-Iran Tensions Grow

Gold prices rose on Friday and were just shy of the key $2,000 an ounce level as reports that the U.S. military struck Iran-linked targets in Syria spurred a renewed rush for safe haven assets. The strikes, which were on two facilities in Eastern Syria, were in retaliation for recent attacks on...

Gold Steady After Two-Day Gain as Israel Conflict Aids Demand

Gold was steady after two days of gains as the conflict in the Middle East continues to offer support for the precious metal, although choppy moves in Treasuries are muddying the outlook. Bullion has risen about 8% since the Oct. 7 attacks by Hamas on Israel increased demand for safe haven...

Gold steadfast on Mideast jitters despite dominant U.S. yields

Gold climbed back towards last week’s five-month peak on Thursday, undeterred by a stronger U.S. dollar and bond yields, as investors looked to the safe-haven asset amid the Middle-East conflict. Spot gold rose 0.4% to $1,986.99 per ounce, trading just shy of its highest level since May 16 hit on...

Gold Tests $2,000 as Middle East Concerns Offset Rate Hike Jitters

Gold prices firmed in Asian trade on Thursday, with futures testing key levels as demand for traditional safe havens helped the yellow metal largely disregard a resurgence in the dollar and yields. Fears of a potential escalation in the Israel-Hamas war remained in play as missile strikes on Gaza...

Gold Edges Up; Likely to Stay Volatile Next Week

Gold ticks higher in early Asia trade after declining overnight. Easing concerns that the Israel-Hamas conflict will escalate has triggered the unwinding of safe-haven bets lately, Oanda analyst Edward Moya says in a research note. However, gold should remain volatile over the next week,...

Gold Steady After Two-Day Drop With Focus on Bond Yield Swings

Gold held steady after two days of losses, with investors continuing to watch for further strength in Treasury yields. The market is focused on the potential for more wild swings in the US bond market after yields breached 5% on Monday for the first time in 16 years. Asset managers...

Gold Prices Steady amid Fed Uncertainty, Europe Recession Fears

Gold prices moved little on Wednesday, retaining most recent gains as fears of a recession in the euro zone, following a string of weak economic readings, kept safe haven demand supported. Any major gains in gold were largely stymied by persistent fears of higher U.S. interest rates, especially...

Gold Edges Higher After Drop as Focus Remains on Bond Yields

Gold edged higher after a two-day drop, with investors continuing to watch for further strength in Treasury yields. Attention is returning to wild swings in the US bond market after yields breached 5% on Monday for the first time in 16 years. Asset managers are continuing to...

Gold Gains on Softer U.S. Bond Yields, Mideast Uncertainty

Gold prices rebounded on Tuesday as benchmark U.S. Treasury yields pulled back, while investors awaited economic data for guidance on interest rates and monitored growing tensions in the Middle East. Spot gold was up 0.2% at $1,976.99 per ounce by 03.49 GMT, while U.S. gold futures was steady at...

Gold Edges Higher After U.S. Treasury Yields Fall

Gold prices are higher in early Asian trading after falling overnight. Gold regains its losses after the yield on 10-year U.S. Treasurys fell almost 20 bps into the close, ANZ analysts say in a research note. The rebound is also aided by Cleveland Fed President Loretta Mester suggesting the...

Gold Falls From Five-Month High as Middle East War Fears Ease

Gold retreated from its highest close in five months, as fears eased over the weekend that Middle East tensions could boil over to become a conflict involving major powers. The precious metal has rallied around 8% since the Hamas attacks on Israel, and on Friday came close to exceeding...