Gold steady on holiday trading

Gold steady on holiday trading

Gold was little changed early Wednesday holding steady on holiday trading as the U.S. Juneteenth observance shuttered many financial markets. The yellow metal getting support from the softer U.S. retail sales data released yesterday that boosted expectations that the Federal Reserve will cut interest rates this year. Continue reading →

Gold slips off Tuesday’s rally

Gold slips off Tuesday’s rally

Gold slips off Tuesday’s rally as investors brace for inflation data coming later this week with the DG spot price drifting from $2360 an ounce early in the trading day to $2343. Tuesday’s rally ran out of steam on a firming dollar and Treasury yields. Continue reading →

Gold poised for weekly gain

Gold poised for weekly gain

Gold poised for its second consecutive weekly gain early Friday after a key inflation report this week renewed optimism about a Federal Reserve interest rate cut this year. The bullish turn provides support for silver and platinum, which are up 5.6% and 6.3%, respectively, for the week. The bullish charts sent DG spot gold back up over $2400 an ounce and DG spot silver over $30 an ounce. Continue reading →

Gold briefly rises on U.S. jobs report

Gold briefly rises on U.S. jobs report

Gold briefly rises on sluggish U.S. jobs report for April, but then lost altitude as equities lured investors. Gold appears headed for its first back-to-back weekly loss since February on concerns that the Federal Reserve will take longer than previously expected to cut interest rates because of high inflation. Continue reading →

Gold edges back above $2,300

Gold edges back above $2,300

Gold edges back above $2,300 as traders look toward the Federal Reserve’s policy announcement later today at the end of the central bank policymakers’ two-day meeting. The yellow metal boosted a bit this morning on positive jobs numbers. Continue reading →

Gold dropped on persistently high inflation

Gold dropped on persistently high inflation

Gold dropped early Monday amid waning expectations of an imminent Federal Reserve interest rate cut on persistently high inflation, following a higher-than-expected inflation report last week. Haven demand also lessened as U.S. Secretary of State Antony Blinken increased efforts to secure a truce in Gaza. Still, the yellow metal is sticking well above the $2300 mark. Continue reading →

Gold steady on inflation data

Gold steady on inflation data

Gold steady on this morning’s inflation data that came in a bit cooler than expected. The yellow metal still poised for a weekly loss coming off late week’s record highs that were driven by Middle East tensions. It’s the first weekly dip in six weeks. Continue reading →

Gold fades on hot inflation

Gold fades on hot inflation

Gold fades on this morning’s hot inflation report, but sticks above $2300 an ounce, after hitting an all-time high of $2,365.09 per ounce on Tuesday as investors sought a haven from risks related to inflation and geopolitical uncertainty. Continue reading →

Gold pauses after another record high

Gold pauses after another record high

Gold pauses after hitting another record high early Wednesday amid increased haven demand because of geopolitical and economic uncertainty. Gold rose to $2,288.09/ounce early in the trading day, but has pulled a bit back on as U.S. 10-year bond yields hover near four-month peak. Continue reading →

Gold rebounds in holiday trading 

Gold rebounds in holiday trading 

Gold rebounds near one-week high in holiday trading after posting two consecutive weekly losses on signs that the Federal Reserve will hold interest rates elevated for a few more months. The yellw metal getting support from a weakened dollar and Middle East tensions. Continue reading →

Gold rises on haven demand

Gold rises on haven demand

Gold rises steadily overnight on haven demand after the attack on U.S. troops in Jordan. The yellow metal’s rebound sparked by the spread of Middle East strive follows a second consecutive weekly drop. Continue reading →