Gold futures finished lower on Tuesday, easing back after briefly climbing above $1,700 an ounce for the first time since late 2012. There was a "follow through short-squeeze" in gold prices early Tuesday following Monday's sharp gain, but that morning squeeze gave way to retracement "as gold became overbought on a near-term basis," said Tyler Richey, co-editor at Sevens Report Research. June gold fell by $10.20, or 0.6%, to settle at $1,683.70 an ounce after trading as high as $1,742.60. It...
Gold prices settled with a modest gain on Wednesday, then saw volatile moves in electronic trading, edging lower, then higher, following the release of minutes from the Federal Reserve's March 3 and March 15 meetings. The meeting minutes showed that Fed officials were concerned that, under a worse-case scenario, an economic recovery wouldn't take hold until next year. June gold was at $1,686.40 an ounce in electronic trading, following a settlement at $1,684.30, up 60 cents, or 0.04%, for...
Gold prices eased on Wednesday as the U.S. dollar firmed, while signs of a slowdown in the new coronavirus cases in major hot spots hurt the metal's safe-haven appeal and pushed it further away from a near one-month high hit in the previous session. Spot gold slipped 0.2% to $1,644.99 per ounce by 00:49 GMT, having risen to its highest since March 10 on Tuesday. U.S. gold futures eased 0.7% to $1,671.30. The dollar was up 0.2% against key rivals, making gold costlier for investors holding...
Gold edged higher on Wednesday as the rising coronavirus death toll hammered risk sentiment, while investors await the release of the U.S. Federal Reserve™s policy meeting minutes for clues on further stimulus measures. Spot gold ticked up 0.1% to $1,684.7 per ounce, after climbing to its highest since March 10 on Tuesday, at $1,671.40. U.S. gold futures were flat at $1,647.43 per ounce. Elsewhere, palladium climbed 0.7% to $2,191.31 an ounce, while platinum gained 0.6% to $738.15. Silver...
Gold prices rose slightly on Thursday ahead of a U.S. weekly jobless claims report as the dollar inched lower, while increasing appetite for risk on hopes that the new coronavirus pandemic is nearing a peak limited the metal's upside. Spot gold rose 0.1% to $1,646.81 per ounce by 00:59 GMT, resuming its march toward a near one-month peak scaled on Tuesday. U.S. gold futures eased 0.1% to $1,682.70. The dollar was down 0.1% against key rivals, making gold cheaper for investors holding other...
Gold prices held steady on Monday, supported by uncertainties around Sino-U.S. trade war and concerns of slowing global economic growth, while a strong dollar weighed on the precious metal.
Spot gold was steady at $1,313 per ounce at 0059 GMT.
U.S. gold futures were also firm at $1,317 per ounce.
Investors are looking ahead to trade talks this week with a delegation of U.S. officials travelling to China for the next round of negotiations. U.S. President Donald Trump said last week that he had no plans to meet with Chinese President Xi Jinping before a March 1 deadline to achieve a trade deal.
The dollar index was marginally higher and hovering near more than one-month highs touched in the previous session.
Source: Reuters
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Gold prices gained 1% on Thursday on safe-haven buying ahead of an extended weekend and a crucial meeting of top oil producers, with bullion also latching on to gains in wider markets amid hopes the c...
Gold prices rose slightly on Thursday ahead of a U.S. weekly jobless claims report as the dollar inched lower, while increasing appetite for risk on hopes that the new coronavirus pandemic is nearing ...
Gold prices settled with a modest gain on Wednesday, then saw volatile moves in electronic trading, edging lower, then higher, following the release of minutes from the Federal Reserve's March 3 and M...
Gold edged higher on Wednesday as the rising coronavirus death toll hammered risk sentiment, while investors await the release of the U.S. Federal Reserve™s policy meeting minutes for clues on furth...
Gold futures finished lower on Tuesday, easing back after briefly climbing above $1,700 an ounce for the first time since late 2012. There was a "follow through short-squeeze" in gold prices early Tuesday following Monday's sharp gain, but that morning squeeze gave way to retracement "as gold became overbought on a near-term basis," said Tyler Richey, co-editor at Sevens Report Research. June gold fell by $10.20, or 0.6%, to settle at $1,683.70 an ounce after trading as high as $1,742.60. It...
Gold prices settled with a modest gain on Wednesday, then saw volatile moves in electronic trading, edging lower, then higher, following the release of minutes from the Federal Reserve's March 3 and March 15 meetings. The meeting minutes showed that Fed officials were concerned that, under a worse-case scenario, an economic recovery wouldn't take hold until next year. June gold was at $1,686.40 an ounce in electronic trading, following a settlement at $1,684.30, up 60 cents, or 0.04%, for...
Gold prices eased on Wednesday as the U.S. dollar firmed, while signs of a slowdown in the new coronavirus cases in major hot spots hurt the metal's safe-haven appeal and pushed it further away from a near one-month high hit in the previous session. Spot gold slipped 0.2% to $1,644.99 per ounce by 00:49 GMT, having risen to its highest since March 10 on Tuesday. U.S. gold futures eased 0.7% to $1,671.30. The dollar was up 0.2% against key rivals, making gold costlier for investors holding...
Gold edged higher on Wednesday as the rising coronavirus death toll hammered risk sentiment, while investors await the release of the U.S. Federal Reserve™s policy meeting minutes for clues on further stimulus measures. Spot gold ticked up 0.1% to $1,684.7 per ounce, after climbing to its highest since March 10 on Tuesday, at $1,671.40. U.S. gold futures were flat at $1,647.43 per ounce. Elsewhere, palladium climbed 0.7% to $2,191.31 an ounce, while platinum gained 0.6% to $738.15. Silver...
Gold prices rose slightly on Thursday ahead of a U.S. weekly jobless claims report as the dollar inched lower, while increasing appetite for risk on hopes that the new coronavirus pandemic is nearing a peak limited the metal's upside. Spot gold rose 0.1% to $1,646.81 per ounce by 00:59 GMT, resuming its march toward a near one-month peak scaled on Tuesday. U.S. gold futures eased 0.1% to $1,682.70. The dollar was down 0.1% against key rivals, making gold cheaper for investors holding other...