Gold prices rose on Monday, as demand for the safe-haven metal was boosted by the war in Ukraine and risk aversion in broader stock markets, but its gains were limited by a rise in US Treasury yields after strong jobs data in March. And gold rose in spot transactions 0.1 …
Read More »Gold prices stabilize as the dollar rises and US bond yields
Gold prices stabilized on Monday, April 4th, with the US dollar and US bond yields rising after strong jobs data raised expectations for a sharp interest rate hike. There was little change in the price of gold in spot transactions at 1922.43 dollars an ounce. US gold futures rose 0.2% …
Read More »Gold Price Retreats from $1950 On Stronger USD, High T-Yields
Gold slumps for the third day of the week amid an upbeat market mood and rising US yields. The Gold Index (XAU/USD) slides as the second quarter begins, down some 0.64% in the North American session. The Russia-Ukraine tussles, elevated global inflation, and rising US Treasury yields, keeping the non-yielding …
Read More »Could Gold Price Change Its Current Course?
Gold Price gave up Monday’s gains as the market’s sentiment improved and US 10-year Treasury yields renew three-year high amid aggressive US Fed officials. Gold Price trades near a daily low of $1,910.64, pressured by the upbeat tone of Wall Street, regardless of a solid reason for such optimism. Inflation-related …
Read More »Gold Shines as Dollar Declines And Bond Yields Rise
Gold prices rose on Thursday as the dollar fell after the Federal Reserve raised interest rates, which makes the precious metal less expensive for holders of other currencies, but the rise in Treasury yields limited the gains. And spot gold contracts rose 0.4 percent to $ 1936.26 an ounce, after …
Read More »Gold Stabilizes After The US Federal Reserve Rate Hike
Gold prices stabilized on Wednesday as the dollar weakened after the US Federal Reserve raised interest rates by a quarter of a percentage point in a widely expected move. And the price of gold in spot transactions rose 0.1 percent to $ 1920.45 an ounce (an ounce) at 1920 GMT, …
Read More »Gold Ignores Fed’s Seven Rate Hikes Announcement
The XAU/USD Index has climbed near $1,930.00 after the announcement of the Fed’s monetary policy. An aggressive hawkish stance from the Fed has failed to deter gold bulls. The DXY has slipped near 98.40 in absence of an aggressive interest rate hike by the Fed. Gold prices have rebounded sharply …
Read More »Gold Price Stabilizes Around $1,980, As Mood Improves
Gold Price retreats from a fresh multi-month high and filled the weekly opening gap. As the US braces for Russian oil import ban even without allies, UK Defense Chief hints at further violence in Kyiv. Gold price bounced from an intraday low of $1,960.95, quickly recovering roughly $15 per troy …
Read More »Gold Struggling Despite US Pending Home Sales Data
The US housing market continues to lose momentum with fewer Americans starting the process of buying a new home, according to the latest data from the the National Association of Realtors (NAR).Friday, the association said that its Pending Home Sales Index fell to a reading of 109.5 in January, down …
Read More »Gold Jumps More Than 2%
On Wednesday, Ukraine called its citizens back from Russia and declared a state of emergency. While, Moscow began evacuating its Kyiv embassy, in the latest ominous signs for Ukrainians who fear an all-out Russian military onslaught, as per Reuters. Gold prices jumped more than 2% to their highest level in …
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