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Gold (XAU/USD) held steady around $2,640 on Tuesday after the release of US labor market data reinforced the view that the US economy is in a good position. The US Dollar (USD) strengthened after the release, which put pressure on Gold, which is mostly priced and traded in USD. US JOLTS Job...
Gold (XAU/USD) edged higher to trade around $2,630 on Tuesday (3/12) after comments from a Federal Reserve (Fed) speaker raised the possibility of the Fed cutting interest rates at its December policy meeting. Lower interest rates are positive for Gold as they reduce the opportunity cost of...
Gold prices held steady in the $2645 area entering the European trading session today.Traders currently appear reluctant and prefer to wait for further cues on the Federal Reserve's (Fed) interest rate cut signal before positioning themselves for the next move in directional movement. Therefore,...
Gold (XAU/USD) prices struggled to capitalize on its modest intraday uptick to $2,650 area and turned flat during the first half of the European session on Tuesday (3/12). Traders now seemed reluctant and preferred to wait for further cues on the Federal Reserve’s (Fed) rate cut signal before...
Gold traded lower mid-afternoon on Monday as the dollar climbed on rising expectations the Federal Reserve may not lower interest rates when the central bank's policy committee meets later this month. Gold for February delivery was last seen down US$21.70 to US$2,659.30 per ounce. The precious...
Gold dropped 1% on Monday, ending a four-session winning streak, weighed down by a robust U.S. dollar, as investors eyed upcoming economic data and remarks from Federal Reserve officials for clues on the future of U.S. interest rates. Spot gold was down 0.5% to $2,640.93 per ounce, as of 1207...
Gold (XAU/USD) prices maintained its bid tone through the first half of the European session on Monday (2/12) and is currently trading around the $2,630 region, or the lower end of its daily range. The US Dollar (USD) bounced back after its recent decline to a near three-week low amid a healthy...
Gold prices (XAU/USD) weakened at the start of the week, in the Asian trading session on Monday (2/12). This was due to pressure from the strengthening dollar and profit taking, while investors await key US economic data as a signal regarding the Federal Reserve's monetary policy outlook. This...
Gold (XAU/USD) prices remained strongly offered through the early European session on Monday (2/12) and is currently trading near the lower end of its daily range, around the $2,629 region. This marked the first day of a negative move in the previous five and was sponsored by a combination of...
Oil prices rose on Monday, supported by upbeat factory activity in China, the world’s second-largest oil consumer, and as Israel pressed ahead with its offensive against Lebanon despite a ceasefire pact, stoking tensions in the Middle East. Brent crude futures rose 34 cents, or 0.47%, to $72.18 a...
Gold prices gained about 1% on Friday, supported by a weaker greenback and geopolitical woes, but were on course for their worst monthly performance since September 2023 due to a dollar rally this month following Donald Trump's U.S. election victory. Spot gold climbed 0.9% to $2,664.11 per ounce,...
Gold rose in European trading on Friday as the dollar weakened and geopolitical concerns continued to mount. The precious metal gained on safe-haven demand amid the escalating Russia-Ukraine conflict. However, prices continued to be weighed down by the dollar’s continued strength. The metal...
Gold rose for a fourth day as the dollar weakened and tensions in Ukraine raised demand for safe-haven assets. Bullion rose as much as 1% to trade near $2,665 an ounce on Friday, but was still down about 2% for the week after a cease-fire deal between Israel and Hezbollah earlier in the week....
Gold was steady amid thin trading due to the U.S. Thanksgiving holiday, with investors weighing the prospect of a Federal Reserve interest rate cut and rising tensions in Ukraine. Bullion was trading near $2,640 an ounce on Friday and down about 3% for the week after a ceasefire between Israel...
Gold futures rise, finding some support after a volatile month. Futures are up 0.3% at $2,646.60 a troy ounce. The precious metal has gained as the U.S. Federal Reserve appears likely to continue interest-rate cuts at its December meeting, ING analysts write. The CME's Fed watch tool shows the...
Gold edged higher as investors assess the outlook for US interest rates following inflation data on Wednesday that supported the case for a cut next month. Bullion rose 0.5% to $2,648.21 an ounce as of 10:53 a.m. in London, with pressure on the metal easing as a rally in the dollar lost...
Gold prices regained strength in Europe on Thursday. Prices have now stabilized after a sharp decline earlier in the session due to a stronger dollar and US markets being closed for Thanksgiving. The decline reflects a recalibration of the geopolitical risk premium embedded in gold prices, with...
Gold (XAU/USD) prices moved lower during the Asian session on Thursday (11/28), albeit found some support near the $2,620 area and has now trimmed some of its intraday losses. US macro data released on Wednesday showed a still-resilient US economy and stalled inflation progress, suggesting that...
Gold fell below $2,630 an ounce on Thursday (11/28), paring recent gains as investors continued to assess the latest U.S. economic data. Both PCE and core PCE prices showed that inflation has stalled, reinforcing the Federal Reserve’s cautious stance on further interest rate cuts. Additional data...
Gold held steady for a second day, as investors weighed the outlook for U.S. interest rates after inflation data that supported the case for a rate cut next month. Bullion traded near $2,635 an ounce, with pressure on the metal easing as the U.S. dollar rally lost steam. The U.S. dollar, which...
