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 on Friday, heading for big weekly losses. Investors were more confident and less interested in safe-haven assets like gold as trade tensions between the US and China eased. Gold fell sharply from its recent highs as traders took profits. A strong US dollar and rising Treasury yields have caused such a change…
Gold prices rose on Friday due to a softer dollar and Treasury yields, following U.S. economic data showing a slowdown in inflation. Spot gold was up 1.2% at $2,624.15 per ounce, while U.S. gold futures settled 1.4% at $2,645.10. The dollar fell 0.6% from its two-year high, making gold less expensive for overseas buyers. The…
Gold prices hit record highs on Friday, helped by an interest rate cut by the European Central Bank just weeks before the US presidential election. Spot gold rose 0.8% to $2,713.18 an ounce, while gold futures for December expiration rose 0.8% to $2,728.30 an ounce, both hitting record levels on Friday. Silver prices broke out…
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 reached record highs on Monday due to the U.S. Federal Reserve’s interest rate cut and signs of further reductions. Spot gold remained near $2,619.37 per ounce, while U.S. gold futures edged 0.1% lower to $2,643.90. The Fed began easing monetary policy with a half-percentage-point rate cut on Wednesday, forecasting a further half-point reduction…
Gold prices fell slightly in Asian trade on Tuesday, but remained close to recent peaks as traders awaited key U.S. inflation data for more cues on the Federal Reserve’s plans to begin cutting interest rates. Spot gold came within spitting distance of a record high on Friday, but then pulled back as the dollar advanced…
As investors prepared for a monthly data on U.S. payrolls, which might impact the pace and extent of this year’s Federal Reserve interest rate cuts, gold prices remained stable on Wednesday. Spot gold maintained its position at $2,493.34 per ounce on Tuesday, after plunging to its lowest level in over a week. At $2,524.80, US…
Early on Tuesday, gold prices dropped as traders continued to speculate about the possibility of a September rate cut by the Federal Reserve. At $2,425.55, spot gold prices were down 0.24%. This previous month, the price of the precious metal showed great strength, hitting a record high of $2,531.60 on August 20. The report’s conclusions…
