Gold prices fell in Asia on Thursday because investors were less worried after the U.S. president calmed fears that he might fire the head of the Federal Reserve too soon. Other metal prices also dropped due to the strong U.S. dollar, which stayed close to a three-week high after inflation data showed that prices didn’t…
Gold prices edged higher on Friday after a sharp decline the previous day. They are on track to finish the week higher on concerns about the U.S. budget deficit and new trade tariffs. Spot gold rose 0.3% to $3,337.50 an ounce, while gold futures for August rose 0.1% to $3,347.52 an ounce. On Thursday, gold…
Gold prices fell over 1% on Friday due to a stronger-than-expected US jobs report, which dampened hopes for Federal Reserve rate cuts this year. Spot gold fell 1.1% to $3,316.13 an ounce, but rose 0.8% for the week so far. U.S. gold futures settled 0.8% lower at $3,346.60. The Labor Department report showed that non-farm…
Gold prices closed down 0.83% at $95,143 on growing optimism about US-EU trade talks. Switzerland imported 63 metric tons of gold from the US in April after the US lifted tariffs on the precious metal. However, Switzerland’s overall gold exports fell 31% from the previous month, with shipments to the US falling sharply to 12.7…
Gold prices in Asian trade remained unchanged, despite the US Federal Reserve’s interest rate cuts this year. Spot Gold was at $2,607.65 per ounce, while Gold Futures expiring in February edged 0.2% lower to $2,620.22 an ounce. Gold prices have risen more than 26% in 2024 due to the Fed’s outsized rate cuts earlier this…
Gold prices were steady in Asian trade on Thursday, closing at an all-time high as attention focused on the Federal Reserve chairman’s upcoming speech, although key US economic indicators showed weakness. For industrial metals, prices remained somewhat acceptable due to additional stimulus measures in China. It is the largest importer, and copper prices remained stable…
Gold prices reached record highs on Wednesday due to a weaker dollar and an escalated Middle East conflict. Spot gold held steady at $2,658.07 per ounce, while gold futures edged 0.2% higher to $2,682.60. The dollar was down 0.2%, making greenback-priced bullion less expensive for other currency holders. This data raised hopes that the U.S….
Gold prices moved in a lower range in Asian trade on Thursday. The strength of the dollar weighed on gold prices as US interest rates did not fall as expected in the medium to long term. The yellow metal took some gains after touching a peak ahead of Wednesday’s Fed decision. Spot gold rose 0.1%…
Gold prices fell slightly in Asian trade on Tuesday, but remained close to record highs amid growing confidence that the Federal Reserve will cut interest rates by a wide margin this week. Spot gold fell 0.2% to $2,578.03 an ounce, while gold futures expiring in December fell 0.1% to $2,605.05 an ounce. The dollar fell…
In Asian trade on Thursday, gold prices rose. Because investors expect the yellow metal to continue to profit from the low interest rate environment. However, interest rates were cut somewhat lower than expected due to the core consumer price inflation figures for August. Traders saw a 25 basis point drop in late September; This idea…
