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GOLD

Spot Gold Slips After Strong US March Jobs Data

Saturday, 6 April 2024 02:40 WIB | Gold

Gold fell after a report showed US jobs growth in March rose by the most in nearly a year and the unemployment rate dropped, pointing to a strong labor market that’s supporting the economy. The economic readings reinforced speculation that the Federal Reserve may be in no rush to...

Gold Steadies Near Record High as US Jobs Data Looms

Saturday, 6 April 2024 00:18 WIB | Gold

Gold steadied just shy of a record high as traders await a US jobs report that’s expected to support the case for the Federal Reserve to hold off on rate cuts for the time being. Bullion traded in a narrow band before nonfarm payrolls data that’s forecast to show the US...

Gold Pauses Record Rally Ahead of U.S. Jobs Data

Friday, 5 April 2024 20:47 WIB | Gold

Gold’s five-session record surge, which set the metal on track for its third straight weekly rise, came to a halt on Friday as market focus shifted to the U.S. non-farm payrolls data that could offer more clues on the Federal Reserve’s monetary policy trajectory. Spot gold was down 0.5% at...

Gold Extends Retreat From Record High Before US Jobs Report

Friday, 5 April 2024 16:32 WIB | Gold

Gold extended a retreat from a record high ahead of a US jobs report that’s expected to support the case for the Federal Reserve to hold off on rate cuts for the time being. Bullion fell for a second day, dropping as much as much as 1%, before nonfarm payrolls data that’s...

Gold Steady; May Face Correction Risks

Friday, 5 April 2024 14:07 WIB | Gold

Gold is steady in the early Asian session, but may face correction risks, analysts say. Market expectations for the Fed's monetary policy continue to change, says Wael Makarem, financial market strategist at Exness, in commentary. Traders continue to monitor various comments from Fed officials...

Gold Closes Down From a Record High As Markets Parse Federal Reserve Comments

Friday, 5 April 2024 08:01 WIB | Gold

Gold closed lower on Thursday for the first time in eight sessions following a record run that pushed prices above US$2,300 for the first time as investors mull day-prior comments from Federal Reserve chair Jerome Powell while they await interest-rate cuts from the central bank. Gold for June...

Gold Powers To New High Above $2,300/Oz On Rate Cut Optimism

Friday, 5 April 2024 02:23 WIB | Gold

Gold prices hit a new record on Thursday, breaking above $2,300 per ounce, as recent comments from Federal Reserve officials cemented market expectations that U.S. interest rates are eventually headed lower. Spot gold was recently down 0.4% at $2,290.72 the ounce after earlier hitting an all-time...

Gold Continues Record Rally After Fed Comments; U.S. Data In Focus

Thursday, 4 April 2024 22:20 WIB | Gold

Gold prices rallied to a record high on Thursday as Federal Reserve officials reiterated expectations of interest rate cuts in 2024, even if their timing was unclear, while traders await key U.S. jobs data. Spot gold was steady at $2,299.28 per ounce, as of 0343 GMT, and hit a record high of...

Gold Sets Another Record Above $2,300 as Powell Inspires Bulls

Thursday, 4 April 2024 20:41 WIB | Gold

Gold set another record above $2,300 an ounce on the likelihood the Federal Reserve will cut interest rates this year, and sustained demand from central banks. Bullion touched a peak of $2,304.96 an ounce before trading little changed as investors took comfort in Fed Chair Jerome Powell’s...

Gold Sets Another Record High Above $2,300 After Powell Comments

Thursday, 4 April 2024 15:07 WIB | Gold

Gold set another record high above $2,300 an ounce on the likelihood the Federal Reserve will cut interest rates this year, and sustained demand from central banks. Bullion touched a peak of $2,304.96 an ounce before trading little changed as investors took comfort in Fed Chair Jerome...

Gold Steady; May be Weighed by Technical Factors

Thursday, 4 April 2024 14:02 WIB | Gold

Gold is steady in the early Asian session, but may be weighed by technical factors following its recent rally, analysts say. The precious metal is looking technically overbought, says Fawad Razaqzada, market analyst at City Index and FOREX.com, in an email. Gold needs to "work off" its overbought...

Gold plows to record high after Powell's remarks

Thursday, 4 April 2024 07:53 WIB | Gold

Gold prices raced to a record high yet again on Wednesday, after Federal Reserve Chair Jerome Powell reiterated that recent readings on job gains and higher-than-expected inflation do not materially change the overall picture of economic policy this year. Spot gold rose 0.5% to $2,292.31 per...

Gold Nears $2,300 After Powell Says Fed Has Time Before Rate Cut

Thursday, 4 April 2024 07:01 WIB | Gold

Gold rose to another record after Federal Reserve Chair Jerome Powell signaled policymakers will wait for clearer signs of lower inflation before cutting interest rates. Powell said recent inflation figures — though higher than expected — didn’t “materially change” the overall...

Gold Hits Pause After record Run on Safe-Haven Inflows

Thursday, 4 April 2024 02:49 WIB | Gold

Gold took a breather after notching another record high on Wednesday as growing tensions in the Middle East and U.S. interest rate cut hopes continued to push investors to the safe-haven asset. Spot gold was down 0.3% at $2,272.79 per ounce, as of 1211 GMT after hitting a record high of $2,288.09...

Gold Pares Back From Fresh Record Before Powell Is Set to Speak

Thursday, 4 April 2024 00:39 WIB | Gold

Gold fell back from a fresh record as two Federal Reserve officials said they still expect the US central bank to cut rates three times this year, with Chair Jerome Powell due to speak later Wednesday. Bullion fell after setting a new peak above $2,288 an ounce,...

Gold Hits Record as Silver Surges With Powell Set to Take Mic

Wednesday, 3 April 2024 19:47 WIB | Gold

Gold notched a fresh record and silver hit a two-year high as two Federal Reserve officials said they still expect the US central bank to cut rates three times in 2024, with Chair Jerome Powell due to speak later Wednesday. Bullion rose to a fresh peak above $2,288 an ounce...

Gold Prices Hit Record Highs Near $2,300 as Taiwan Quake Dents Risk Appetite

Wednesday, 3 April 2024 19:00 WIB | Gold

Gold prices rose in Asian trade on Wednesday, remaining in sight of record highs amid increased safe haven demand after a devastating earthquake in Taiwan, while uncertainty over U.S. interest rates also boosted gold demand. A broad sell-off in stock markets, as risk appetite deteriorated, also...

Gold Hits Record as Silver Surges on Outlook for Fed Rate Cuts

Wednesday, 3 April 2024 15:44 WIB | Gold

Gold held near a fresh record and silver hit a two-year high as two Federal Reserve officials said they still expect the US central bank to cut rates three times in 2024, buoying the outlook for the precious metals. Bullion rose to a fresh peak above $2,288 an ounce before trading...

Gold Rises Again to a Fresh Record on a Lower Dollar and Buying Momentum

Wednesday, 3 April 2024 07:53 WIB | Gold

Gold closed at a record for a sixth-straight session on Tuesday, pushing closer to the US$2,300 mark as the dollar dipped and investors continue to move to the precious metal ahead of expected interest-rate cuts coming from central banks in the United States and elsewhere. Gold for June delivery...

Gold Hits Fresh Record High With Support From Momentum-Following Funds

Wednesday, 3 April 2024 00:46 WIB | Gold

Gold prices rose to a fresh record high on Tuesday as demand from momentum-following funds offset a strong U.S. dollar and the possibility of higher-for-longer U.S. rates. Spot gold rose 0.5% to $2,260.7 per ounce, after hitting an all-time high of $2,266.59. The bullion has been hitting fresh...

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