Gold futures climbed on Tuesday, with a slide in U.S. Treasury yields helping the haven metal recoup more than a third of what it lost a day earlier, when a rally in the U.S. stock market prompted some settling in bullion.
Gold for December delivery rose $4.10, or 0.3%, to settle at $1,515.70 an ounce, after the commodity gave up $12, or 0.8%, Monday. September silver picked up 20.8 cents, or 1.2%, to $17.148 an ounce, following a 1.1% loss a day earlier.
Precious metals gained some altitude...
Gold prices finished unchanged on Wednesday, after spending much of the session losing ground on the back of strength in benchmark U.S. stock indexes.
After future prices settled, minutes from the Federal Open Market Committee's July meeting showed that Federal Reserve officials shied away from saying how many more easing steps they might be willing to support this year.
In electronic trading, gold for December delivery was at $1,514.30 an ounce shortly after the meeting minutes. The...
Gold prices recovered to over $1,500 an ounce on Tuesday, following the previous session's steep fall, as focus turned to U.S. Federal Reserve policy statements and growth concerns.
Spot gold was up 0.4% to $1,501.50 per ounce by 09:27 GMT, after falling to a near one-week low of $1,492.10 on Monday. U.S. gold futures gained 0.1% to $1,513.40.
Equity markets around the world gained as hopes for stimulus in major economies tempered fears of a global recession.
The shift in sentiment for...
Gold prices held steady on Tuesday after posting their biggest daily decline in a month in the previous session, plummeting below a key psychological level of $1,500 an ounce.
Spot gold edged up 0.1% at $1,496.80 per ounce at 00:50 GMT.
On Monday, gold skidded 1.2% to reach $1,495 an ounce, below the key level of $1,500. This marked its biggest daily decline since July 19.
Source : Reuters
Gold futures edged slightly higher Tuesday, gaining some ground a day after a rally in stocks helped to prompt some selling in bullion.
Gold for December delivery rose $1.80, or 0.1%, to $1,513.40 an ounce, after the commodity gave up 0.8%, while September silver picked up 4 cents, or 0.2%, to $16.970 after the white metal shed 1.1% on Monday.
Precious metals were gaining some altitude as bond yields edged lower, providing some impetus for metals buying. The 10-year Treasury note yield was...