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 prices rose nearly 1% on Thursday after U.S. President Donald Trump said Washington was œvery close to nailing down a trade deal with China.
Brent crude futures rose 67 cents, or 1%, to $64.39 a barrel. West Texas Intermediate crude futures gained 42 cents, or 0.7%, to settle at $59.18 a barrel.
Oil prices received a fresh boost after Trump™s tweet saying the United States was very close to a big deal with China amid reports that the country was considering a delay or possible...
Gold prices on Thursday hovered near a one-week high hit in the previous session, as the dollar nursed its steepest losses in weeks after the U.S. Federal Reserve stood pat on interest rates and signaled moderate economic growth for next year.
Spot gold was largely unchanged at $1,474.71 per ounce, by 02:17 GMT. In the previous session, the bullion hit $1,478.80, its highest since Dec. 5.
U.S. gold futures were up 0.3% at $1,479.10.
Source : Reuters