Gold jumps on U.S. jobs report

Gold jumps on U.S. jobs report

Gold jumps on this morning’s U.S. jobs report, with spot gold gaining over $40 an ounce. This gain adds to the yellow metal’s rise earlier Friday, as it shrugged off renewed tensions between the U.S. and Iran, and headed for its best week since January. Continue reading →

Gold drops as Iran tensions ramp up

Gold drops as Iran tensions ramp up

Gold drops declined early Wednesday as the dollar and oil climbed on fresh U.S. strikes against Iran. Earlier in the trading day, President Trump announced the interim accord with Iran to end the war is “over.” Gold fell over 1% in early Wednesday trading. Continue reading →

Gold falls as Iran tensions ramp up

Gold falls as Iran tensions ramp up

Gold falls early Monday after Iran tensions ramped up over the weekend as teh U.S. and Iran exchanged strikes in the Persian Gulf, pushing oil prices higher, damping the likelihood of a lasting peace accord and boosting expectations of an interest rate hike this year to combat inflation. Continue reading →

Gold rises on possible peace deal

Gold rises on possible peace deal

Gold rose early Friday, reclaiming its place near the $4200 an ounce mark, after U.S. President Donald Trump said that the country was close to a possible peace deal with Iran, though the yellow metal still looks headed for a weekly loss on inflation fears and speculation that the Federal Reserve may have to raise interest rates. Continue reading →

Gold slips as investors watch Iran, Fed

Gold slips as investors watch Iran, Fed

Gold slips for a second ‌session on Wednesday as hopes dimmed for a quick end to the U.S.-Iran conflict. Investors also watch news on whether the U.S. and Iran are close to a truce and what the Federal Reserve intends to do regarding future monetary policy. Continue reading →

Gold claws back from over one-month low

Gold clawed back from over one-month low

Gold clawed back territory in Monday morning trading after falling to a one-and-a-half-month low earlier in the trading day. The yellow metal found a structural case for support as investors bought the dip bringing it closer to the $4600 per ounce mark. The bullion early morning plunge was driven by high oil prices and inflation concerns stemming from the war with Iran. Continue reading →

Gold slumps ahead of Fed Statement

Gold slumps ahead of Fed Statement

Gold slumps Wednesday morning ahead of this afternoon’s Fed policy statement. Gold dropped for a third straight session on inflation ‌worries tied to the Middle East conflict. Investors await further guidance from the Federal Reserve later in the day on the economic impact of the Iran war. Continue reading →

Gold slid as Iran war ramped up again

Gold slid as Iran war ramped up again

Gold slid early Monday while the dollar strengthened as the Iran war ramped up again over the weekend, resulting in the renewed closure of the critical Strait of Hormuz. The price of platinum joined gold in touching one-week lows a little earlier in the session. Continue reading →

Gold Leaps on optimism over Iran war

Gold Leaps on optimism over Iran war

Gold leaps over 1% on this morning’s news that the Strait of Hormuz is open as the yellow metal heads for a weekly gain on growing optimism over the Iran war. President Donald Trump said the U.S. was close to ending the Iran war, indicating that talks between the two countries may resume this weekend to fully end the conflict which has roiled markets, particularly in energy. The news weakened the dollar, making gold more expensive for holders of other currencies.

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Gold rebounded on Iran deadline extension

Gold rebounded on Iran deadline extension

Gold rebounded early Friday after U.S. President Donald Trump extended his deadline for Iran to reopen the Strait of Hormuz, which was read as a signal that the conflict in the Middle East may stretch out, worsening inflation and perhaps sending interest rates higher. The yellow metal also getting support as investorsbuy the dip.   Continue reading →

Gold ticks up while headed for down week

Gold ticks up while headed for down week

Gold ticks up in early Friday trading following Thursday’s plunge on inflation fears triggered by the ongoing war in Iran reduced expectations that the Federal Reserve will cut interest rates multiple times this year. Gold and silver are both headed for a down week, with the yellow metal on course to close down 9% and silver down more than 10% for the week. Continue reading →