Gold futures settled at a slight loss on Monday, finding little reason to move in either direction ahead of a mid-week policy update from the Federal Reserve and a U.K. general election that could roil markets.
February gold on Comex lost 20 cents, or 0.01%, to settle at $1,464.90 an ounce, after declining 0.5% last week. March silver meanwhile, added 4.6 cents, or 0.3%, at $16.642 an ounce, following a weekly decline of 3%, according to FactSet data.
Among other metals traded on Comex,...
Gold rose on Tuesday, with prices finding support after posting two consecutive sessions of losses. Traders eyed the potential for a U.S.-China trade deal and awaited the outcome of the Federal Reserve's two-day policy meeting, which ends Wednesday.
February gold lost $3.20, or 0.2%, to settle at $1,468.10 an ounce.
The dollar held firm on Monday after data showed surprise strength in the U.S. jobs market, but the currency was restrained from moving higher by worries about an escalation in the U.S.-China trade war.
The dollar index stood almost flat at 97.704 in early Asian trade on Monday, after rising 0.3% on Friday.
The euro traded at $1.10575 , after hitting a one-week low of $1.10395 on Friday.
The dollar changed hands at 108.57 yen . It had lifted to 108.92 yen on the U.S. jobs data before losing...
The dollar and yen held the safe-haven high ground on Tuesday, with investors on edge ahead of a looming tariff deadline, the UK election and upcoming central bank meetings in Europe and the United States.
Front of mind is whether Washington will go ahead with a fresh round of tariffs on Sunday, or whether a deal with China can be reached before then.
White House economic adviser Larry Kudlow said on Friday that the Dec. 15 deadline is still in place, but Bloomberg reported Agriculture...
Gold futures headed higher Friday morning as weakness in the U.S. dollar helped to prop up the yellow metal ahead of a policy update from the Federal Reserve due in the middle of the week and a U.K. general election that could roil markets.
February gold on Comex picked up $3.70, or 0.3%, to trade at $1,468.90 an ounce, after declining 0.5% last week. March silver meanwhile, added 8 cents, or 0.5%, at $16.680 an ounce, following a weekly decline of 3%, according to FactSet data.