Gold futures edged higher on Monday, settling at their highest in almost two weeks as prices extended recent gains scored on the back of expectations for a U.S. Federal Reserve interest-rate cut at the end of the month.
Gold for August delivery on Comex added $1.30, or about 0.1%, to settle at $1,413.50 an ounce. That™s the highest most-active contract settlement since July 3, which saw a finish at $1,420.90”the highest since May 2013, FactSet data show. September silver also rose 12.9...
Oil prices carried over a bullish tone from last week after Tropical Storm Barry shut down almost three-quarters of U.S. Gulf of Mexico production over the weekend.
Futures in New York were up slightly, after gaining 4.7% last week. Barry weakened to a tropical depression Sunday, with some producers preparing to re-staff their offshore platforms. As of Sunday, Barry caused nearly 73% of crude oil production in the gulf to shut, up from 70% the day before, the Bureau of Safety...
Gold prices held steady in early Asian trade on Monday, as market participants awaited key economic data from China for cues about the health of the world™s second-largest economy.
Spot gold was flat at $1,415.34 per ounce as of 0100 GMT.
U.S. gold futures were up 0.3% at $1,416.50 an ounce.
Source : Reuters
Gold prices were little changed on Monday in Asia after data showed China™s second-quarter growth data slowed to a 27-year low but matched expectations.
Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange were little changed at $1,413.35 by 12:43 AM ET (04:43 GMT).
The prices of the safe-haven asset was little changed after the release of a slew of China data this morning.
The country™s GDP growth slowed to 6.2% year-on-year in the...
Gold steadied on Monday after data showed Chinese economic growth slowed to its weakest in about 27 years, while gains in equities curbed appetite for bullion as investors latched onto some positive readings from the world's second-biggest economy.
China's second-quarter annual GDP growth fell to a 27-year low of 6.2% as expected, but its quarterly growth reading of 1.6% beat forecasts. June reports on industrial production, retail sales and urban investment were above expectations.