Tag Archives: gold prices

Gold prices retreated on Thursday from their highest level in nearly seven months as the dollar strengthened and investors shied ahead of closely watched US jobs data, which could affect the path of the Federal Reserve’s interest rate hike. Spot gold fell 0.3 percent to $1,848.59 an ounce by 0924 …

Gold reacted downwards towards the low $1,840s on the release of the awaited FOMC minutes as US monetary policymakers seem not to expect to cut rates in 2023, Policymakers did not express the size for further rate hikes, either. Gold price clings to gains around $1850 following the release of …

Gold prices stabilized on Friday, but were set to incur a loss for the second year in a row, as the Federal Reserve’s hike in interest rates severely weakened the attractiveness of non-yielding bullion. Spot gold rose 0.2 percent to $1,818.19 an ounce at 0540 GMT. US gold futures fell …

Gold prices rose on Thursday as the dollar and US Treasury bond yields fell, while traders awaited new indications of the Federal Reserve’s plans to raise interest rates. Spot gold rose 0.2 percent to $1,807.57 an ounce at 0303 GMT, after falling 1 percent in the previous session. US gold …

Gold prices rose on Tuesday, as a weaker dollar made bullion in which it is priced less expensive for overseas buyers despite thin trading after the long Christmas weekend. Gold rose 0.4 percent to $1,804.99 an ounce at 0546 GMT. US gold futures rose 0.4 percent to $1,811.90. The dollar …

Gold prices moved in a narrow range on Friday in thin trade as cautious traders await economic data due later in the day to assess the Federal Reserve’s stance on an interest rate hike. By 0238 GMT, gold was stable at $1,792.80 an ounce. US gold futures rose 0.4 percent …

Gold is getting under pressure as US yields jump after Thursday’s US data. The US GDP for the third quarter was revised from 2.9% to 3.2%, meanwhile Wall Street extends losses and the US Dollar surges on the back of the data.Gold prices sharply retreated from nearly $1,820, reaching levels …

The precious metal is trading at $1784.27 per ounce at the time of writing versus the previous closing price at $1797.11.Inflation data from the US and the Federal Reserve’s policy decision are expected to help investors obviously see whether gold price can extend its bullish rally into the end of …

Gold prices fell on Friday before the announcement of important US jobs data. However, they are still on track to record the best weekly performance in three weeks, with the dollar weakening due to expectations of a slowdown in the rate hike at the Federal Reserve and indications of declining …

Gold prices jumped to a two-week high in early Asian trade on Thursday after Federal Reserve Chairman Jerome Powell’s speech boosted expectations of a lower US interest rate hike. By 0039 GMT, spot gold rose 0.4 percent to $1,775.77 an ounce, after touching its highest level since November 16. US …