Gold and silver prices are trading near-constant in early Thursday trade in the United States. The market is anticipating Federal Reserve Chairman Jerome Powell’s testimony before a Senate committee, following his dovish comments on monetary policy to a House of Representatives panel on Wednesday. Gold futures for August were up $1.40 at $1,826.40 per ounce, …
Investors focused on U.S. inflation data, which could shed more light on the Federal Reserve’s policy tightening timeline. Hence, on Tuesday, gold prices remained stable in a narrow range. By 0619 GMT, spot gold was up 0.1 % to $1,808.24 per ounce. Meanwhile, US gold futures were up 0.2 % to $1,809.10. The dollar index …
On Wednesday, gold prices held firm near the vital USD 1,800/ounce psychological level. It received support from a drop in US Treasury yields, as investors awaited minutes from the Federal Reserve’s June meeting for more clues on the Fed’s policy outlook. As of 05:00 GMT, spot gold was up 0.1 percent at USD 1,797.84 per …
Dollar inflation also influences gold price boost. Investors wait for the U.S. federal reserve’s latest policy meeting release. Gold futures increased by 0.8% and reached $1,797.65 by GMT 3:34 AM. It is the highest result since June 18 ($1,794.86). The dollar usually moves in reverse to gold. As predicted, gold’s rise came along with the …
Gold Prices Increased on Tuesday, Reaching a Two-Week High Read More »
Gold prices held steady on Friday as investors waited for the mixed signal from U.S. Federal Reserve (Fed/FED) officials to raise interest rates this week and announce U.S. inflation data later today. As of 0104 GMT, spot gold was flat at US$1,773.52 per ounce. So far this week, prices have increased by 0.6%. U.S. gold …
Gold prices stabilize as investors await U.S. inflation data Read More »
After precious metals recorded their most significant weekly drop in 15 months, gold prices rose slightly on Monday. As of 11:40 am Eastern Time, spot gold rose 1.0% to US$1,783.44 per ounce, staying above the US$1,780 last seen in early May. U.S. gold futures rebounded 0.8% in New York, at $1,784.10 per ounce. Last week, …
Gold Prices Rebound Sharply After 15 Months of Decline Read More »
Gold rose in early Asian trading on Wednesday, but it was still close to its lowest level in four weeks. The U.S. dollar stabilized ahead of the long-awaited Fed policy decision. The Fed will announce its decision at the end of the two-day meeting later in the day. Investors are looking for clues about when the central …
Gold Remains Month-Lowest, Awaiting for Fed Policy Decision Read More »
Oil prices rose on Tuesday, and Brent crude oil rose for the fourth consecutive trading day. The prospect of Iran’s provision of additional supplies to the market soon faded as the U.S. rejoined negotiations with Tehran’s nuclear agreement. Brent crude oil rose by 17 cents, or 0.2%, to $73.03 a barrel and was up 0.2% …
Oil Prices Rise While Gold Reaches Its Month-Lowest Read More »
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