Gold prices pushed up from the more than four-month low reached in recent sessions, in part as oil gains lifted the specter of inflation risk, against which gold can act as a hedge. A decline in the U.S. dollar and some weakness in benchmark stock indexes also weighed on demand for riskier assets, providing support for haven gold. Gold for June delivery rose $1.60, or 0.1%, to settle at $1,277.60 an ounce. It settled Thursday at $1,276, the lowest finish for a most-active contract since Dec....
Gold prices pushed up from the four-month low reached in recent sessions, in part as oil gains lifted the specter of inflation risk, against which gold can act as a hedge, and as stock futures pointed to a lower start for riskier assets. A firmer dollar was limiting the metal™s upside, however. Gold for June delivery rose $5.30, or 0.4%, at $1,281.30 an ounce early Monday. It settled Thursday at $1,276, the lowest finish for a most-active contract since Dec. 26, according to FactSet...
Gold rose from near the lowest this year as investors weighed risk sentiment amid the long Easter holiday weekend in many countries, with a slew of major companies set to deliver results in the coming days. Spot gold +0.2% to $1,277.46/oz at 8:16am in London. Metal dropped to $1,271.26 last week, lowest level since Dec.Bloomberg Dollar Spot Index steady. œSome caution has set in at the start of the week as investors await the releases, according to Jingyi Pan,...
Gold traded near the lowest level this year as investors exited bullion-backed exchange-traded funds, with the haven asset losing some of its appeal amid easing concerns over a global economic slowdown. Prospects for a U.S.-China trade deal and gains in equities have also hurt demand. Hedge funds are taking note of the dip in prices. Money managers have flippedto bearish from bullish as short positions outnumbered long ones by 3,969, weekly CFTC data on futures and options...
The dollar drifted higher against the euro and British pound on Monday, supported by the relative strength of the U.S. economy, though moves remained small as many investors were still away for the long Easter weekend. The dollar index was last down a tenth of a percent at 97.369, drifting slightly lower after booking a 0.4-percent gain last week. The index remained within striking distance of its 2019 high of 97.71 brushed in early March. The euro was a tad lower at $1.1244, adding to last...
Gold prices are seeing little reaction but remain under pressure as inflation pressures remain elusive in the U.S. economy.
Gold prices were under modest selling pressure ahead of the report and remain relatively unchanged in initial reaction. The market continues to stubbornly hold just below $1,300 an ounce. February gold futures last traded at $1,289.80 an ounce, down 0.12% on the day.
Tuesday, the U.S. Labor Department said its Producer Price Index (PPI) fell 0.2% in December following a 0.1% rise in November. According to consensus forecasts, economists were expecting to see a drop of 0.1% for the month.
Stripping out volatile inflation pressures, core PPI fell 0.1%, following November's rise of 0.3%. Consensus forecast were calling for a 0.2% rise.
Source: Kitco
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Gold prices pushed up from the more than four-month low reached in recent sessions, in part as oil gains lifted the specter of inflation risk, against which gold can act as a hedge. A decline in the U.S. dollar and some weakness in benchmark stock indexes also weighed on demand for riskier assets, providing support for haven gold. Gold for June delivery rose $1.60, or 0.1%, to settle at $1,277.60 an ounce. It settled Thursday at $1,276, the lowest finish for a most-active contract since Dec....
Gold prices pushed up from the four-month low reached in recent sessions, in part as oil gains lifted the specter of inflation risk, against which gold can act as a hedge, and as stock futures pointed to a lower start for riskier assets. A firmer dollar was limiting the metal™s upside, however. Gold for June delivery rose $5.30, or 0.4%, at $1,281.30 an ounce early Monday. It settled Thursday at $1,276, the lowest finish for a most-active contract since Dec. 26, according to FactSet...
Gold rose from near the lowest this year as investors weighed risk sentiment amid the long Easter holiday weekend in many countries, with a slew of major companies set to deliver results in the coming days. Spot gold +0.2% to $1,277.46/oz at 8:16am in London. Metal dropped to $1,271.26 last week, lowest level since Dec.Bloomberg Dollar Spot Index steady. œSome caution has set in at the start of the week as investors await the releases, according to Jingyi Pan,...
Gold traded near the lowest level this year as investors exited bullion-backed exchange-traded funds, with the haven asset losing some of its appeal amid easing concerns over a global economic slowdown. Prospects for a U.S.-China trade deal and gains in equities have also hurt demand. Hedge funds are taking note of the dip in prices. Money managers have flippedto bearish from bullish as short positions outnumbered long ones by 3,969, weekly CFTC data on futures and options...
The dollar drifted higher against the euro and British pound on Monday, supported by the relative strength of the U.S. economy, though moves remained small as many investors were still away for the long Easter weekend. The dollar index was last down a tenth of a percent at 97.369, drifting slightly lower after booking a 0.4-percent gain last week. The index remained within striking distance of its 2019 high of 97.71 brushed in early March. The euro was a tad lower at $1.1244, adding to last...