Gold prices on Monday fell for a second straight session, failing at an earlier attempt to rebound to book another finish at their lowest in roughly a year.
Prices for the metal declined as U.S. economic data did little to unseat expectations for higher interest rates over coming months”an outlook that has driven the greenback higher this year and helped to sink dollar-denominated gold.
August gold fell by $1.50, or 0.1%, to settle at $1,239.70 an ounce. Prices based on the most-active...
Wall Street looks for the recent slide in gold prices to continue, while the largest block of Main Street voters is bullish, according to the Kitco News weekly survey.
Nineteen market professionals took part in the survey. There were 12 votes, or 63%, calling for gold prices to fall. There were four votes, or 21%, calling for gold to rise, while three voters, or 16%, look for a sideways market.
Meanwhile, 642 voters responded in an online Main Street survey. A total of 280 respondents, or...
Gold holds two-day drop before Federal Reserve Chairman Jerome Powell's testimony, which may give insight into pace of tightening, trade tensions. Investors exit exchange-traded funds for fifth day.
Bullion for immediate delivery weakened 0.1% to $1,239.17/oz at 9:17am in Singapore, after losing 0.5% in previous 2 days: Bloomberg generic pricing. Price set for lowest close since July 2017. Bloomberg Dollar Spot Index steady after slipped 0.2% Monday.
Gold futures fell a third session in a row on Tuesday to mark another finish at their lowest level in a year. Strength in the U.S. dollar following testimony from U.S. Federal Reserve Chairman Jerome Powell that backed continued hikes in interest rates kept pressure on gold.
August gold fell $12.40, or 1%, to settle at $1,227.30 an ounce, the lowest for a most-active contract since July 13, 2017, according to FactSet data.
Source : Marketwatch
Gold holds drop amid ongoing trade tensions and as investors await Federal Reserve Chairman Jerome Powell's speech later this week for further clues on the central bank's monetary policy path.
Bullion for immediate delivery little changed at $1,243.55/oz at 9:27am in Singapore, after lost 0.3% Friday, according to Bloomberg generic pricing. This metal lost 0.9% last week. Bloomberg Dollar Spot Index flat after added 0.6% last week.
œWhile the USD strength is...