Gold prices climbed Monday, bouncing back a bit after suffering from their worst weekly decline in more than year.
December gold rose $10.40, or roughly 0.9%, to settle at $1,194.60 an ounce. That was the biggest single-session dollar and percentage gain since July 31, according to FactSet data.
Source : Market Watch
Main Street may be more bearish than ever on the direction of gold prices thisweek, while Wall Street leans bullish, based on the weekly Kitco News gold survey.
Over the years, Main Street has tended to be mostly bullish on the metal. However, retail investors have called gold to be lower in three of the last four weeks, and perhaps never by as large of a percentage as this week.
A total of 2,411 voters responded in a Main Street survey. Of these, 1,796 respondents, or 74%, predicted that...
Gold prices held steady on Monday after making up some ground from 19-month lows hit last week, supported by mild weakness in the U.S. dollar on hopes trade tensions between the United States and China could be easing.
Spot gold was mostly unchanged at $1,184.24 an ounce at 00:37 GMT. Last week, it touched its lowest since January 2017 at $1,159.96.
The metal fell 2.2 percent last week, recording a sixth consecutive weekly decline. It was also gold™s worst weekly performance since December...
Gold advances as dollar weakens after President Donald Trump said to complain about Federal Reserve raising interest rates.
Bullion for immediate delivery rose 0.2% to $1,193.34/oz at 8:36am in Singapore after added 0.5% Monday.
Bloomberg Spot Dollar Index lost 0.3% after weakened 0.2% on Monday.
Trump said he expected Jerome Powell to be a cheap-money Fed chairman, telling donors at a fundraiser on Friday that his nominee instead had raised rates, according to...
The dollar sagged on Monday as investor demand for the safe-haven currency receded on optimism over a reduction in U.S.-China trade tensions, with the focus on discussions between the two countries due this week.
The dollar index against a basket of six major currencies was little changed at 96.126 after losing 0.55 percent on Friday.
Escalating trade tensions between the United States and its trading partners, in addition to a plunge in the Turkish lira, has taken a heavy toll on emerging...