Gold Shining At Fresh Record Highs as the Dollar and Yields Fall Ahead of Wednesday's US CPI Data

Gold pushed up to another fresh record high Tuesday, climbing again as treasury yields moved lower ahead of fresh US inflation data coming Wednesday. Gold for June delivery was last seen up US$10.70 to US$2,361.70 per ounce, while spot gold was up US$7.26 to US$2,346.29. The rise comes ahead of...

Asian central bank demand helps push gold to another record high

Gold prices hit a record high for a seventh straight session on Monday, fueled in part by Asian central bank purchases. U.S. gold futures gained 0.5% to $2,357.2. Spot gold was nearly 0.4% higher at $2,337.82 per ounce, after hitting a record high $2,353.79 earlier in the session. China’s...

Gold Gains on Central Bank Buying; U.S. Inflation Data in Focus

Gold prices edge higher in early Asian trade. Gold hit a record high Monday, driven by central bank purchases. China's central bank added to its gold reserves for the 17th month in a row in March with its reserves rising to 72.75 million troy ounces. Traders are also watching for key U.S....

Central Bank Demand Propels Safe-Haven Gold to Record Peak

Gold prices hit a record high on Monday for a seventh straight session, fuelled by central bank purchases and geopolitical tensions, while strong economic data failed to dull bullion's allure. Spot gold firmed 0.3% to $2,336.39 per ounce, as of 13:45 p.m. ET (1745 GMT), after hitting a record...

Gold extends record rally amid speculative buying, geopolitical tensions

Gold prices extended their record rally on Monday, supported by speculative buying and continued tensions in the Middle East, which overshadowed strong U.S. job growth in March. Spot gold was up 0.6% at $2,343.89 per ounce as of 0406 GMT, after hitting a record high of $2,353.79 earlier in the...

Gold Retreats as Robust US Data Dampen Rate Cut Expectations

Gold fell after closing at a record high last week, as investors weigh a strong US jobs report that saw traders unwinding bets for steep Federal Reserve rate cuts this year. The precious metal fell as much as 1.2% in early Asian hours, pressured by a rise in Treasury yields after...

Gold plows to record high after Powell's remarks

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

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 pares gains as higher US dollar, bond yields weigh

Gold prices pared gains on Monday as the dollar and bond yields rose, after the bullion surged to a fresh record high on growing expectation that the U.S. Federal Reserve could deliver the first interest rate cut in June. Spot gold was up 0.3% at $2,238.18 per ounce as of 1:50 p.m. EDT (1750 GMT)...

Gold Closes In on Record High as Key Inflation Data Looms

Gold extended a rally that brought it close to last week’s record, as UBS analysts said the precious metal’s surge faces diminished fundamental support. Prices jumped as much as 1% to $2,217.08 an ounce on Thursday, less than $4 shy of an all-time high reached last Thursday. The metal is on...

Gold Closes In on Record High as Key Inflation Data Looms

Gold extended a rally that brought it close to last week’s record, as UBS analysts said the precious metal’s surge faces diminished fundamental support. Prices jumped as much as 0.9% on Thursday, following three successive days of gains. The metal has seen pronounced volatility this week,...

Gold Steadies After Three-Day Gain as Key Inflation Data Looms

Gold steadied after a three-day rally that put it near a record, as investors await key US data due Friday that may influence the Federal Reserve’s monetary-easing path. Markets are gearing up for the central bank’s preferred inflation gauge, which is expected to show prices...

Gold advances as rate cut bets firm ahead of US inflation test

Gold Firms on Weaker Dollar, Focus on US Inflation Data

Gold prices rose on Tuesday supported by a weaker dollar as investor focus turns to U.S. inflation data due later this week, which could shed more light on the timing of the Federal Reserve's first interest rate cut this year. Spot gold rose 1.1% to $2,196.21 per ounce by 1122 GMT. Gold hit a...

Gold gains as rate cut bets hold ground in run-up to inflation test

Gold prices rose on Monday, driven by expectations of interest rate cuts by the U.S. Federal Reserve this year, even as traders await inflation readings this week for confirmation on the timing of these reductions. Spot gold gained 0.5% to $2,174.51 per ounce as of 1:45 p.m. EDT (1745 GMT), while...

Gold Extends Decline From Record as Dollar Strength Persists

Gold fell as dollar strength persisted, following Thursday’s volatile session that saw the precious metal rocket to a fresh record before retreating on strong US economic data.    The dollar gained 0.4% against a basket of currencies, making bullion purchases more expensive for...

Gold hits fifth record high in March on Fed rate-cut view

Gold prices on Thursday hit record peaks for the fifth time this month after the U.S. Federal Reserve anticipated three rate cuts in 2024 despite high inflation. Spot gold was up 0.8% at $2,202.39 per ounce at 1318 GMT after hitting an all-time high of $2,222.39 earlier in the session. U.S. gold...

Gold Jump Above $2,200 an Ounce for First Time on Dovish Fed

Gold surged above $2,200 an ounce for the first time as investors grew more confident about the Federal Reserve’s path for rate cuts, boosting the appeal of non-interest bearing bullion. The precious metal rose as much as 1.6% to a record $2,220.89 in early trading, before paring those gains....

Gold sprints to record high as Fed sticks to 2024 rate cut view

Gold prices climbed to a record high on Thursday as the U.S. dollar and bond yields ticked lower after the Federal Reserve maintained its projection of three rate cuts for this year. Spot gold was up 1% at $2,208.30 per ounce, as of 0725 GMT, after hitting an all-time high of $2,222.39 earlier in...

Gold is Flat on Stronger Dollar; Focus on Fed Rate Verdict, Powell Comments

Gold prices were little changed Wednesday as the U.S. dollar firmed, while traders awaited the U.S. Federal Reserve’s monetary policy decision and Fed Chair Jerome Powell’s remarks for more clues on prospects of rate cuts. Spot gold was flat at $2,157.49 per ounce. Gold has fallen 2% from a...