" Gold prices steadied on Wednesday as risk premiums over tensions in the Middle East eased while investors strapped in for U.S. economic data, due later in the week, that could offer clues to the Federal Reserve’s interest rate path.
Spot gold eased 0.1% to $2,318.50 per ounce by 9:20 a.m. ET (1320…
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Gold rates rose to a fresh record high on Tuesday as demand from momentum-following funds offset a strong US dollar and the possibility of higher-for-longer US rates.
Spot gold rose 0.5% to $2,260.7 per ounce by 0946 GMT, after hitting an all-time high of $2,266.59. The bullion has been hitting fresh record highs…
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The US Dollar (USD) hit its highest in almost five months on Tuesday as stronger-than-expected economic data caused investors to rein in their bets on a June rate cut, boosting the currency.
Fears of intervention by Japanese officials slowed the dollar’s gains against the yen, however, even as long-term U.S. Treasury yields –…
" Gold rates were flat in range-bound trade on Wednesday as the dollar ticked higher, with cautious investors awaiting more cues on the U.S. Federal Reserve’s monetary policy direction.
Spot gold rate was steady at $2,179.33 per ounce, as of 0747 GMT. U.S. gold futures were little changed at $2,178.50.
The dollar index strengthened 0.1%…
" Gold prices edged higher on Monday as renewed bets that the U.S. Federal Reserve would begin cutting interest rates in June and a softer dollar lifted bullion’s appeal.
Spot gold was up 0.1% at $2,166.39 per ounce, as of 0648 GMT. U.S. gold futures climbed 0.4% to $2,167.70 per ounce.
The dollar was down…
" Gold prices on Thursday hit record highs for the fifth time this month after the U.S. Federal Reserve signalled it would press ahead with three rate cuts in 2024 despite elevated inflation.
Spot gold was up 1.1% at $2,209.65 per ounce at 1035 GMT after hitting an all-time high of $2,222.39 earlier in the…
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Gold prices retreated on Tuesday, hurt by a strengthening U.S. dollar, while investors geared up for the Federal Reserve’s interest rate stance from Chair Jerome Powell’s speech at the conclusion of the central bank’s policy meeting on Wednesday.
Spot gold fell 0.4% to $2,151.69 per ounce as of 10:15 a.m. EDT (1415 GMT), hovering…
" The US Dollar (USD) inched higher on Thursday as investors waited for U.S. economic data, while bitcoin rose to a record high above $73,800.
The dollar index, which gauges the currency against six major peers, rose 0.1% to 102.83. It has largely shrugged off Tuesday’s hotter-than-expected U.S. consumer inflation data and is roughly unchanged…
" Gold edged further away from a record peak on Tuesday as it looks set to break nine straight sessions of gains ahead of critical U.S. inflation data that could pave the way for imminent interest rate cuts by the Federal Reserve.
Spot gold fell 0.3% to $2,176.79 per ounce as of 1032 GMT, trading…