Gold futures settled higher on Wednesday, then inched lower in electronic trading after the Federal Reserve held a key U.S. interest rate steady at a range of 1.5% to 1.75%, as expected.
Following the Fed news, which came after gold futures settled, February gold was at $1,473.10 an ounce in electronic trading. It had ended the session up $6.90, or 0.5%, at $1,475 an ounce.
Gold prices ended lower on Thursday as President Donald Trump's tweet that a trade deal with China is near rallied the stock market, dulling demand for the haven metal.
Gold prices had been trading higher early Thursday, with uncertainties surrounding a U.K. election and dovish stances by the Federal Reserve and the European Central Bank helping to provide support.
February gold fell by $2.70, or 0.2%, to settle at $1,472.30 an ounce, down significantly from the day's high of...
Gold headed for a back-to-back decline as President Donald Trump signed off on a so-called phase-one trade deal with China and an exit poll indicated a comfortable majority for the governing Conservative Party in the U.K.'s national election.
Bullion for immediate delivery fell as much as 0.5% in early trading Friday and was 0.3% lower at $1,465.53/oz as of 7:48 a.m. in Singapore. The metal declined 0.3% Thursday.
Traders pulled $275 million from the VanEck Vectors Junior Gold Miners...
Gold™s got more room to rally as there™s little possibility of the Federal Reserve raising interest rates in 2020, according to Citigroup Inc (NYSE:C).
Futures on the Comex will average $1,575 an ounce in 2020, and could climb above $1,600, with an upside bias seen at the end of the year, Doshi said. Prices traded around $1,478 on Thursday, up about 15% this year.
Bullion is heading for the biggest annual gain since 2010 as central banks globally embraced looser monetary policy to try to...
Oil futures finished lower on Wednesday after U.S. government data showed an unexpected climb in domestic supplies of crude oil, as well as sizable gains in gasoline and distillate stockpiles.
Prices showed little reaction to the Federal Reserve™s decision to hold its benchmark interest rate unchanged in a range of 1.5% and 1.75%.
On Wednesday, West Texas Intermediate crude for January delivery declined 48 cents, or 0.8%, to settle at $58.76 a barrel on the New York Mercantile Exchange. On...