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 →

Gold entrenched in tight range

Gold entrenched in tight range

Gold entrenched in a tight range early Friday, up-ticking on this morning’s inflation data, but headed for a second weekly drop. An important inflation gauge released Friday showed that the rate of price increases cooled as 2023 came to a close, bolstering hopes for Federal Reserve Interest rate cuts. Continue reading →

Gold heads for first weekly drop in four

Gold heads for first weekly drop in four

Gold heads for first weekly drop in four after the minutes of the Federal Reserve’s December meeting were released on Wednesday, reducing expectations that interest rate cuts were imminent and strengthening the dollar and Treasury yields. The yellow metal dropped briefly on this morning’s positive jobs numbers, but rebounded quickly. Continue reading →

Gold loses ground on jobs data

Gold loses ground on jobs data

Gold loses ground on jobs data, heading for its first weekly drop in four weeks. The spot price of the yellow metal lost a tad over $10 an ounce in response to the surprisingly positive employment numbers. Gold also came under pressure as the dollar strengthened. Continue reading →

Gold Powers To New Record

Gold Powers To New Record

Gold powers to a new record with spot prices hitting $2,110.80 an ounce early Monday amid haven demand linked to the war between Israel and Hamas and speculation that the Federal Reserve will begin cutting interest rates next year. The yellow metal then receded below the $2,100 on profit taking. Continue reading →

Gold steady near $2,000

Gold steady near $2,000

Gold steady near the $2,000-an-ounce threshold early Wednesday on a weaker dollar and reduction in U.S. bond yields amid renewed hopes that the Federal Reserve will pause its series of interest rate hikes. Continue reading →