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…
Due to continued concerns about the trade war and anticipation of a rate cut by the US Federal Reserve, safe-haven gold rose to a record high on Friday, trading near the crucial $3,000 threshold. At the Morning, the price of spot gold was steady at $2,990.54 an ounce. A record high of $2,993.80 was reached…
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…
Wednesday’s gold prices didn’t move much, but they remained close to the record high they reached last week due to the Middle East crisis-driven demand for safe haven assets and the expectation of impending rate cuts by the US. spot gold was unchanged at $2,524.88 an ounce. On August 20, gold reached a record high…
Due to growing wagers on a September interest rate cut by the U.S. Federal Reserve and growing geopolitical concerns in the Middle East, safe-haven demand for gold kept prices stable on Tuesday, staying close to record highs. Spot gold Bullion reached a record high of $2,531.60 on August 20, but it remained unchanged at $2,515.83…
As the dollar and Treasury rates declined in response to remarks made by the chair of the Federal Reserve that suggested an interest rate cut in September, gold prices increased by more than 1% on Friday. Although it was down from Tuesday’s record high of $2,531.60, spot gold increased 1.2% to $2,512.63 per ounce. US…
Gold rates Many people were encouraged by the strong demand for heaven and the mounting anticipation of a significant interest rate decrease by the US Federal Reserve in September. Spot gold increased by 1338 gmt, or percent, to $ 2413.19 per ounce. US gold futures were trading at $2,452.20, up 0.8%. Palladium climbed 2.6% to…
Gold prices edged higher on Thursday due to tensions in the Middle East and US price cuts. U.S. Gold futures were down 0.2 percent at $2,428.40, while spot gold was up 0.3 percent at $2,389.42 an ounce. Geopolitical unpredictability in the Middle East and falling US Treasury yields increase the attractiveness of gold. Analysts expect…
Gold prices fell more than 2 percent on Monday. Spot gold was down 2% at $2,393.66 an ounce. In contrast, US gold futures fell 1.4% to $2,434.10. Spot silver fell 5.7% to $26.92 an ounce, palladium fell 4.5 percent to $849.05, its lowest level since August 2018, and platinum fell 4.1 percent to $918.35. Other…
In response to significant U.S. jobs data that indicated the labor market was slowing and raised hopes for a Federal Reserve interest rate decrease in September, gold prices continued to rise on Friday, reaching their highest level in over a month. Spot gold was trading at $2,385.63, up 1.3%. Thus far this week, gold has…
