Gold Regained Ground on Key data

Gold Regained Ground on Key data

Gold regained ground on key inflation data that came in at low, yet expected level. While the yellow metal reclaimed the turf above the $1950 an ounce level, it looks headed for its biggest weekly decline in five weeks, after the dollar and Treasury yields rose on strong economic reports. Continue reading →

Gold steady ahead of rate decision

Gold steady ahead of rate decision

Gold steady ahead of rate decision, trading in a tight range early Monday as investors awaited Wednesday’s monetary policy announcement from the Federal Reserve amid heightened speculation that it’s likely to be the last interest rate hike in this cycle. Continue reading →

Gold steadies, still heads for monthly drop

Gold steadies, still heads for monthly drop

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 ticks up as Dollar Slips

Gold ticks up as Dollar Slips

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 back above $2000 on banking news

Gold back above $2000 on banking news

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 inflation report

Gold dips on inflation report

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 ahead of key data

Gold steady ahead of key data

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 lower on U.S. jobs report

Gold lower on U.S. jobs report

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 →