Gold prices fell 1% on Friday, retreating from a five-week high as the U.S. dollar strengthened. Despite the dip, bullion remains up 0.8% for the week, supported by expectations of a Federal Reserve rate cut at next week’s policy meeting. U.S. gold futures settled at $2,675.80, pressured by the dollar’s
Gold struggled for the direction on Monday, weighed down by a robust U.S. dollar, as investors eyed upcoming economic data and remarks from Federal Reserve officials for clues on the future of U.S. interest rates. The dollar index .DXY gained 0.5% to 106.70, on track for its best day in
Gold price were on track for their biggest weekly decline in over three years, posted more than four percent fall, as expectations of lower interest rate cuts by the U.S. Federal Reserve strengthened the dollar, reducing gold’s appeal. Fed Chair Jerome Powell’s comments on Thursday, indicating no rush to lower
Gold prices plunged to a three-week low on Wednesday, dipping below $2,700 per troy ounce, as investors flocked to the U.S. dollar following Donald Trump’s win in the 2024 U.S. presidential election. The former president’s victory boosted the dollar and U.S. Treasury yields. Trump’s decisive win, coupled with a Republican
Gold prices remarkable rally took a step back on Monday, however settled almost flat as investors braced for a packed week of U.S. economic data releases that could shape expectations for the Federal Reserve’s interest rate trajectory. Yesterday, slip follows a recent record-breaking rally in gold, fueled by investor interest
Gold price advanced on Tuesday as US Treasury bond yields retreated, limiting gains for the US Dollar. The economic docket was light, featuring the release of the New York Empire State Manufacturing Index and the NY Fed Consumers Expectations Survey. The New York Fed’s Empire State Manufacturing Index for September
“All that shines is not gold” is how the saying goes, but in the matter of Silver and Gold Price, they’ve changed things up. Gold has been a beacon of hope for decades and centuries and the legacy seems to be continuing to this day as well. Gold has been
Gold Price was able to recover nearly half a percent on Thursday after a volatile reaction following the release of US inflation and jobs data. Gold for December delivery was last seen up US$13.60 to US$2,639.60 per ounce. Although the inflation data revealed upside price pressures, the labor market data
Gold prices remained resilient, holding above the $2,500 mark on Tuesday, as market participants braced for key U.S. inflation data, which could provide further clarity on the Federal Reserve’s potential interest rate cuts next week. Two major events loom on the horizon: the August U.S. Consumer Price Index (CPI) report
The price of gold rose in the overnight trade yesterday. The US economy is strong after the dollar’s gross domestic product (GDP) increased. Despite this, the price of gold continues to rise in anticipation of the first interest rate cut by the Fed. Market sentiment is positive, as traders continue
