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Gold rose for a fourth day after a key U.S. inflation report bolstered expectations for a Federal Reserve rate cut when policymakers meet next week. Bullion traded above $2,720 an ounce — near its highest in more than two weeks — after consumer price index data on Wednesday rose in line with...
Gold prices hit a two-week high on Tuesday, underpinned by rising geopolitical tensions and expectations of a third U.S. rate cut by the Federal Reserve next week, while the market's gaze shifted to Wednesday's U.S. inflation data. Spot gold was up 1.3% at $2,692.32 per ounce at 01:41 p.m. ET...
Gold prices continued their rally on Tuesday. China’s Politburo, promising further economic stimulus to support growth, and the resumption of Gold purchases by the People’s Bank of China (PBOC) acted as a boost for the precious metal. Another source of support for Gold was safe-haven flows...
Gold futures rise on safe-haven demand and central-bank purchases. Futures are up 0.5% at $2,699.30 a troy ounce. The precious metal found support from heightened geopolitical tensions, bolstering its appeal as a safe-haven asset, says Ricardo Evangelista, senior analyst at ActivTrades. China's...
Gold prices rose in Europe on Tuesday (10/12), still supported by optimism about a Fed rate cut this month, fiscal stimulus from China and geopolitical tensions in the Middle East. Investors are eyeing the release of the US Consumer Price Index (CPI) on Wednesday and the Producer Price Index...
Gold prices hit two-week highs on Monday, climbing more than 1% on renewed buying of the metal by China's central bank following a six-month hiatus, with bullishness increased by anticipation of a U.S. Federal Reserve interest rate cut next week. Spot gold gained 1.1% to $2,662.98 per ounce, as...
Gold prices maintained their positive momentum to settle at $2,650 troy ounces, through the first half of the European session on Monday. The US Nonfarm Payrolls (NFP) report released on Friday strengthened bets that the Federal Reserve (Fed) will lower borrowing costs in December. In another...
Gold traded higher mid-afternoon on Friday as treasury yields fell after the United States added more new jobs than expected last month. Gold for February delivery was last seen up US$10.40 to US$2,658.80 per ounce. The U.S. Bureau of Labor Statistics reported the country added 227,000 new jobs...
Gold prices after the latest U.S. data showed the labor market bounced back in November. Futures are flat at $2,649 a troy ounce, after rising 0.5% earlier in the session. Fed officials are still expected to cut interest rates by 25 basis points at their next meeting, but the job data could make...
Gold (XAU/USD) prices struggled to capitalize on their decent intraday uptick from one-and-a-half-week lows touched early Friday (6/12), albeit managed to hold modest gains through the first half of the European session. The US Treasury bond yields remained depressed amid bets that the Federal...
Gold traded lower mid-afternoon on Thursday, moving down even as the dollar weakened following an unexpected jump in U.S. initial jobless claims last week. Gold for February delivery was last seen down US$28.10 to US$2,648.10 per ounce. The U.S. Department of Labor reported 224,000 initial...
Gold prices dipped in the mid-day US session on Thursday as US Treasury yields rose following the release of weekly jobless claims data, while markets awaited US nonfarm payrolls figures for fresh insights into the Federal Reserve’s stance on cutting interest rates. The number of Americans...
Gold prices (XAU/USD) traded in a tight range around $2,650.00 during the European session on Thursday (5/12). The precious metal struggled to find direction as investors have been sidelined ahead of the United States (US) Nonfarm Payrolls (NFP) data for November, due for release on Friday. The...
Gold steadied after a modest gain as the market digested remarks from the head of the Federal Reserve before data that may influence the central bank’s next interest-rate decision. Bullion traded near $2,645 an ounce after Fed Chair Jerome Powell said he expects officials...
Gold edged higher on Wednesday after data showed U.S. private payrolls rose at a moderate pace last month, while investors digested remarks from Federal Reserve Chair Jerome Powell and looked forward to Friday's non-farm payrolls report. Spot gold was up 0.4% at $2,654.03 an ounce by 02:15 p.m....
Gold prices rise in late afternoon trade in Europe after the latest U.S. job data showed private payrolls growth was less than expected in November, reflecting a slowing labor market. The yellow metal's futures trade 0.4% higher at $2,679.50 a troy ounce, while the U.S. dollar slightly retreated...
Gold prices were steady as market participants weighed political turmoil in South Korea and France, which has boosted demand for safe-haven assets. Bullion was little changed near $2,635 an ounce on Wednesday, after rising 0.2% in the previous session. South Korean President Yoon Suk Yeol made a...
Gold fell on Wednesday as a modest recovery in the U.S. dollar outweighed safe-haven demand as markets awaited U.S. jobs data and comments from Federal Reserve Chairman Jerome Powell for clues on the U.S. central bank’s policy outlook. Spot gold fell 0.1% to $2,641.79 an ounce by 0902 GMT. U.S....
Gold moved higher mid-afternoon on Tuesday as the dollar weakened. Gold for February delivery was last seen up US$8.50 to US$2,667.00 per ounce. The precious metal has been mostly rangebound since correcting from a record high of US$2,800.80 on Oct.30, as the dollar surged following the U.S....
