China’s factory output and retail sales grew at a faster pace in August, but tumbling investment in the crisis-hit property sector threatens to undercut a flurry of support steps that are showing signs of stabilising parts of the wobbly economy. Chinese policymakers face a daunting task in trying to revive …
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The precious metal’s weekly gain for dollar investors was reduced to 1.2% as gold prices declined this afternoon entering Friday’s London benchmark auction as mixed data on the US labour market was followed by less-poor manufacturing sector data. Gold is trading at 1940.86 per ounce at the time of writing.According …
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Gold prices fell on Monday, affected by the rise of the dollar, and with investors anticipating US inflation data on Tuesday, which may affect the Federal Reserve’s plans for the future of interest rates. Spot gold fell 0.1% to $1,863.38 an ounce by 0653 GMT, while US gold futures rose …
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Gold prices stabilized on Friday as market focus shifted to US inflation data due next week, which is likely to provide a clear picture of the Federal Reserve’s monetary policy path. Spot gold prices remained largely unchanged at $1,862.74 an ounce by 1209 GMT, after hitting the lowest since January …
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Gold rose on Thursday, supported by the decline in the dollar, but prices are expected to be trapped in a limited range as traders await economic data, seeking indications about the path of the Federal Reserve to raise interest rates. And by 1029 GMT, spot gold rose 0.4 percent to …
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Gold prices rose on Wednesday as the dollar retreated from a one-month peak after comments from Federal Reserve Chairman Jerome Powell deemed less hawkish. By 0744 GMT, spot gold rose 0.4 percent to $1880.97 an ounce, and US gold futures rose 0.4 percent to $1880.10. Lower interest rates benefit gold …
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The EUR/USD retreated to fresh lows at around 1.0720s because of the stronger US dollar. Last week’s EU retail sales disappointed, while factory activity in Germany improved as orders rose as risks are tending to the downside.The EUR/USD extended its decline to new four-week lows at around 1.0720s due to …
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Gold prices recovered some of their losses on Monday, but the strength of the dollar and fears that the Federal Reserve may continue to raise interest rates kept the yellow metal below the key level of $ 1900 an ounce. And by 0540 GMT, spot gold rose 0.6 percent to …
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Gold prices settled in a narrow range on Friday, as cautious investors assessed the statements of global central banks and awaited the US Nonfarm Payrolls report. After losing nearly two percent in the previous session, spot gold rose 0.2 percent to $1915.42 an ounce by 0930 GMT. US gold futures …
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Gold prices stabilized on Friday after heavy selling in the previous session, as traders absorbed the statements of global central banks regarding raising interest rates, but the yellow metal is heading to record its first weekly decline in seven weeks in light of the strength of the dollar. And by …
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