Tag: Gold Markets
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Gold prices slightly higher as U.S. dollar weakens
[ad_1] Gold prices traded slightly on Tuesday as the U.S. dollar weakened and Treasury yields eased while traders awaited the release of U.S. inflation data due out Wednesday morning in New York. Price action Gold futures for August delivery GC00, +0.35% GCQ23, +0.35% gained $4.70, or 0.2%, to $1,935 per ounce on Comex. Silver futures…
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Gold falls for 4th day, on track to finish first half at lowest since March
[ad_1] Gold prices fell for a fourth straight session on Friday as the yellow metal looked set to finish what has been a painful quarter at its lowest level in more than three months. Price action Gold futures for August delivery GC00, -0.23% GCQ23, -0.23% fell by $4.80, or 0.3%, to $1,913 per ounce on…
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Gold, silver bounce back amid Russia turmoil after hitting 3-month lows last week
[ad_1] Gold and silver futures advanced on Monday, reversing some of their recent losses, as this weekend’s aborted mutiny in Russia helped boost demand for safety plays like gold and Treasury bonds. The yellow metal also benefited from a weaker U.S. dollar, as the ICE U.S. Dollar Index, a gauge of the buck’s strength against…
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U.S. stock futures point to more caution after Russian turmoil amid economic worries
[ad_1] U.S. stock futures were a touch weaker Monday, extending last week’s pullback as the volatile weekend in Russia pushed safe assets including gold and bonds higher. On Friday, the Dow Jones Industrial Average DJIA fell 219 points, or 0.65%, to 33727, the S&P 500 SPX declined 34 points, or 0.77%, to 4348, and the…
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Gold prices fall on strong dollar, U.S. housing data ahead of Fed Powell’s testimony
[ad_1] Gold futures fell Tuesday, pressured by U.S. dollar strength after strong U.S. May housing starts and building permits data, as homebuilders ramped up building single-family homes to meet strong demand from buyers, while investors looked ahead to testimony by Federal Reserve Chairman Jerome Powell starting Wednesday. Price action Gold for August delivery GC00, -1.15% GCQ23, -1.15%…
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Gold prices higher after PPI report shows wholesale prices shrink again ahead of Fed decision
[ad_1] Gold prices traded higher Wednesday morning after data showed U.S. wholesale prices eased in May, providing another sign that inflation pressures are abating in the face of the Federal Reserve’s monetary tightening campaign. Investors also looked ahead to the central bank’s interest-rate decision and Chair Jerome Powell’s press conference slated for Wednesday afternoon. Price Action…
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Gold posts a weekly gain ahead of next week’s U.S. inflation data, Fed decision
[ad_1] Gold prices settled lower on Friday, but held onto a modest gain for the week — their second in a row — on the back of overall weakness in the U.S. dollar. Traders looked to U.S. inflation data and the outcome of the Federal Reserve’s monetary policy meeting, both due next week, as the…
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Gold drifts lower as traders gauge Fed’s rate path
[ad_1] Gold futures edged lower Wednesday, stuck in a tight trading range as investors await further clues on the Federal Reserve’s interest rate path. Price action Gold for August delivery GC00, -0.42% GCQ23, -0.42% fell $4.50, or 0.2%, to $1,977 an ounce on Comex after posting back-to-back session gains. July silver SIN23, +0.61% added 9.5…
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Gold prices climb after U.S. House passes debt ceiling bill and as traders digest jobs data
[ad_1] Gold prices rose for a third day on Thursday after the U.S. House voted on a debt ceiling bill late Wednesday with investors looking ahead to monthly labor market data due Friday. Price action Market drivers The U.S. House of Representatives voted 314-117 in favor of raising the federal debt-ceiling on Wednesday night, keeping Washington…
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Gold down a third straight session on dollar strength, despite U.S. debt-ceiling impasse
[ad_1] Gold futures tallied a third consecutive session decline on Wednesday, settling at their lowest in nearly a week as further strength in the U.S. dollar pressured prices for the precious metal. Gold gave up early gains that had been driven by uncertainty surrounding a U.S. debt-ceiling deal in Congress. Price action Gold futures for…