Gold still poised for best week since April, although it has slightly backed off from overnight highs. The bullion is getting support from data showing inflation has slowed making it less likely that the Federal Reserve will continue its aggressive monetary policy. Continue reading →
Gold gains on this morning’s cooler inflation report. The yellow metal had been standing firm overnight on a softer dollar, then gained over $15 an ounce on the new data. Continue reading →
Gold dips a bit from Friday’s spike inspired by the cooler-than-expected U.S. jobs report. The bullion takes a pause ahead of this week’s economic data as the dollar and treasury yields strengthen. Continue reading →
Gold gains ground on this morning’s U.S. jobs report that gives hopes for a slowing of the Fed’s rate hike plan. The yellow metal still appears headed for a weekly decline. Continue reading →
Gold down on stronger dollar early Monday amid light holiday trading as investors eye the Fed’s meeting later this week. Continue reading →
Gold gains slightly on inflation data as the dollar softens. The yellow metal still poised near its lowest level in four months. Continue reading →
Gold fairly subdued near a three-month low early Wednesday ahead of Federal Reserve Chairman Jerome Powell remarks. Continue reading →
Gold gains early Monday, continuing its rebound from near the lowest level in more than three months, on a weaker dollar and geopolitical uncertainty. Continue reading →
Gold regains ground on bargain hunting early Friday, but still appears headed for its biggest weekly drop since February amid expectations of further interest rate hikes by the Federal Reserve. Palladium tumbled to the lowest level since May 2019, but has since climbed back above teh $1300 mark. Continue reading →
Gold weakens on Fed Chair Powell testimony after slipping early Wednesday on a stronger dollar.. Powell is set to speak this morning and tomorrow as part of his biannual report to congress. Continue reading →
Gold slips early Monday in light holiday trading, as the dollar gains amid the prospect of additional Federal Reserve interest rate hikes. Continue reading →
Gold lifts a tad on weaker dollar, but still headed for a weekly drop early Friday after the Federal Reserve indicated that additional interest rate hikes may be in the cards. Continue reading →
Gold higher early Wednesday on inflation report showing U.S. inflation growth eased in May, ahead of Fed meeting. The inflation data supports speculation that the Federal Reserve will keep interest rates unchanged. Continue reading →
Gold slips early Monday as the dollar strengthened and investors await direction from Wednesday’s Fed meeting.
Gold slips early Friday on stronger dollar, but still poised for a weekly gain as investors anticipated a pause in interest rate hikes at next week’s Federal Reserve monetary policy meeting. Continue reading →
Gold soft on stronger dollar ahead of next week’s Fed meeting. The bullion is trading in a tight range as investors awaited direction from next week’s U.S. monetary policy decision. Continue reading →
Gold retreats early Monday as the dollar gains after a strong U.S. jobs report on Friday. Continue reading →
Gold aims for best week in almost two months, despite strong jobs numbers taking a little wind out of the metal’s sails. Investors increasingly expect the Federal Reserve to pause its series of interest rate hikes to curb inflation which is giving the metal its drive. Continue reading →
Gold steadies but still heads for first monthly drop in three early Wednesday as the U.S. House of Representatives appeared poised to pass a bill to raise the U.S. debt ceiling, expectations mounted for another Federal Reserve interest rate hike in June and the dollar looks poised to set its best month since September 2022. Continue reading →
Gold dips slightly on this morning’s inflation data, after edged higher early Friday on a retreating dollar. The yellow metal is poised for a weekly decline as U.S. debt ceiling talks appeared to near resolution and amid speculation of the next moves by the Federal Reserve. Continue reading →
Gold rises early Wednesday, buoyed by haven investors on debt ceiling concerns and ahead of today’s Fed minutes. Continue reading →
Gold slips Monday as investors watch debt ceiling talks concerned that U.S. lawmakers won’t resolve their standoff in time. The yellow metal feeling pressured on news that U.S. President Joe Biden and House Speaker Kevin McCarthy will meet Monday. Continue reading →
Gold ticks up as the dollar slips early Friday, but the bullion is still headed for the biggest weekly drop since February as optimism that lawmakers would reach an agreement to raise the U.S. debt ceiling reduced haven demand for the precious metal. Continue reading →
Gold eases below $2,000 an ounce early Wednesday on hawkish Fed comments and a firmer dollar. Continue reading →
Gold lifts Monday on rising debt ceiling uncertainty but still pressured by comments from Federal Reserve officials indicating that the central bank may not be done with its series of interest rate hikes. Continue reading →
Gold pressured by steadying U.S. dollar and firmer yields, but supported by economic fears stemming from lawmakers’ standoff over the U.S. debt ceiling. The bullion is digging in above the $2,000 an ounce line. Continue reading →
Gold spiked on this morning’s key inflation report to over $2050 an ounce, then dropped a tad on profit-taking. Continue reading →
Gold aims for the biggest weekly jump in two months on hopes the Fed will pause its series of interest rate increases and amid uncertainty over a worsening U.S. banking crisis. However, the bullion’s momentum took a dip this morning on U.S. job statistics, backing off from near record levels. Continue reading →
Gold steady little changed above $2,000 an ounce early Wednesday ahead of today’s Fed decision, shrugging off this morning’s strong jobs report as investors await the day’s monetary policy announcement. Continue reading →
Gold back above $2000 an ounce on banking news as investors now look toward this Wednesday’s monetary policy decision from the Federal Reserve for further direction. Gold had slipped at the beginning of the trading day on a stronger dollar before climbing back. Continue reading →
Gold dips on this morning’s inflation report as rate hike next week seems more likely. However, the bullion is headed for a weekly and monthly gain, as a weaker dollar and economic concerns spurred haven investors. Continue reading →
Gold steady above $2000 ahead of key data early Wednesday amid recessionary fears as investors awaited a key inflation report on Friday, the last before the Federal Reserve’s next monetary policy decision. The yellow boosting slightly on ebbing dollar this morning. Continue reading →
Gold relatively steady ahead of next week’s Fed decision. The yellow metal stuck in tight range alongside the dollar amid dueling sentiment on Federal Reserve rate hikes. Continue reading →
Gold falls as dollar strengthens early Friday, making the yellow metal more expensive to holders of other currencies. Continue reading →
Gold slips on heightened Fed speculation, drifting lower early Wednesday as the dollar edged higher and investors eyed an interest rate increase in May. Continue reading →
Gold digging in above $2000 ahead of Fed meeting later this week, though off one-year highs reached last week, as the U.S. dollar and treasurys gain traction. Continue reading →
Gold drops $20 an ounce on profit-taking after front-month futures settled at a 32-month high on Thursday. The yellow metal shrugged off disappointing retail numbers. Continue reading →
Gold jumps over 1% Wednesday on signs of cooling inflation. The new data fuels outlook for a pause in U.S. interest rate hikes and dinged the dollar. Spot gold jumped 0.9% to $2,021.39 per ounce at 9:04 a.m. EDT, but has since retreated a touch on profit-taking. Continue reading →
Gold lower on U.S. jobs report early Monday as the dollar strengthened following the release of a strong U.S. monthly jobs report on Friday. The bullion also slipped on expected profit-taking following last week’s 12-month high, however it is sticking close to the $2,000 mark. Continue reading →
Gold solidly above $2000 on this morning’s disappointing jobs data. The yellow metal is hanging near a one-year high Wednesday as weak economic reports increased the bullion’s appeal as a hedge against uncertainty. Continue reading →
Gold bounces back after bowing to a stronger dollar at the beginning of the trading day. The currency was unable to maintain its initial jump that driven by bets that OPEC’s surprise output cuts could bump global energy prices and force a hike in interest rates. Gold reclaimed its ground near the $2,000 mark – following its best month since July 2020. Continue reading →
Gold heads for monthly gain, getting an additional boost this morning on waning inflation news. The bullion is poised for its best month since July 2020. Continue reading →
Gold falls as global banking concerns ease, dulling the precious metal’s appeal as a hedge against uncertainty. Continue reading →
Gold drops on advancing dollar and some serious profit-taking by gold traders following last week’s bump as the markets continue to access banking risks. Continue reading →
Gold hugging close to $2000 an ounce, settling into a tight range near that psychological line even as the dollar firmed, gaining strength as investors bet on a pause in U.S. rate hikes. Continue reading →
Gold little changed early Wednesday ahead of Fed as investors awaited direction from the central bank’s latest monetary policy decision, due out in the afternoon. Continue reading →
Gold hits 12-month high early Monday, topping $2,000 an ounce before profit taking and a stronger stock market took a bit of wind out of its sails, slipping over $20 an ounce. The activity is being driven by the global banking crisis while investors eye the Federal Reserve’s monetary policy decision Wednesday. Continue reading →
Gold rises on banking crisis, rallying early Friday, heading for its biggest weekly rally since November, as the global banking crisis sent investors to the precious metal as a hedge against uncertainty. Continue reading →
Gold strongly up this morning on troubling banking headlines. After ticking below the $1900 level in the early trading hours, the yellow metal jumped back over $20 an ounce on European banking concerns and American economic data. Continue reading →
Gold leaps over $1900 this morning, rising to its highest level in more than five weeks early Monday as the sinking dollar and nervousness in the markets over the largest bank collapse since 2008 made the yellow metal more attractive as a hedge against uncertainty. Continue reading →
Gold boosts this morning on a slipping dollar and the release of jobs numbers for February that included a small sign of hope for the Fed. Continue reading →
Gold near one-week low early Wednesday, extending Tuesday’s losses, after Federal Reserve Chairman Jerome Powell told Congress that interest rates are “likely to be higher” than previously anticipated. The rate hike concerns were reinforced by this morning’s employment data. Continue reading →
Gold steady after its first weekly gain in five weeks amid uncertainty about the economy and the Federal Reserve’s next moves. Continue reading →
Gold aims for its first weekly gain in six weeks as it edged up early Friday on a weaker dollar. Continue reading →
Gold gains ground on weaker dollar. The currency slumped on surprising data out of China that sparked optimism for a Chinese economic recovery. The bullion’s boost from the dollar was balanced by speculation about prolonged higher interest rate increases. Continue reading →
Gold inches up from the two-month low it hit early Monday. That low was sparked by a key inflation report released Friday heightened anticipation of additional interest rate increases for some time. The yellow metal’s moves follow this morning’s durable goods data. Continue reading →
Gold drifts lower slowly reacting to this morning’s inflation data. The bullion is getting some support from a softened dollar that eased off a seven-week high in early morning trading. Continue reading →
Gold inches up early Wednesday ahead of the release of the Fed minutes from the central bank’s last meeting, which will be closely watched for indicators on the Fed’s next moves. Continue reading →
Gold ticks up after three-week slump amid expectations that the Federal Reserve will keep raising interest rates beyond 5% to stem rising inflation. Continue reading →
Gold drops early Friday headed for a third consecutive weekly drop on Fed sentiment, while the dollar boosted to a six-week high amid increasing speculation that aggressive Federal Reserve interest rate hikes will continue in the face of rising inflation. Continue reading →
