Tag Archives: Gold
Gold edges up on improved Fed rate cut expectations and Mideast tensions
Key points Spot gold prices rose 0.3% to $2,387.37 per ounce as of 0157 GMT. Meanwhile, U.S. gold futures dipped by 0.3% to $2,426.00 per ounce. These movements reflect market anticipation of an interest rate cut by the U.S. Federal Reserve, with a 72% probability of a 50 basis points cut in September, up fromContinue Reading
Gold eases as profit-taking takes place, but rate-cut bets provide support
Gold prices eased as profit-taking takes place but worries about recession and rising expectations of US interest rate cuts limited its downside.
Gold remains sluggish as Fed meeting approaches
Spot gold was down 0.1% at $2,380.31 per ounce, as of 0156 GMT. U.S. gold futures were little changed at $2,377.30.
Week ahead: Volatility anticipated for US markets
This week, expect some additional volatility in the US as a slew of important data releases hover in the horizon. Before we delve into that, we take a quick a look at some of the key observations this week. The Nasdaq 100, heavily influenced by tech stocks, continued its descent as earnings reports from majorContinue Reading
Gold falls as investors wait for U.S. economic data
Gold prices fell nearly 1% on Thursday as investors took profits ahead of key U.S. economic data. Spot gold dropped 0.9% to $2,377.29 per ounce by 0217 GMT, while U.S. gold futures declined 1.6% to $2,376.70.
Safe-haven gold strengthens as Biden’s move sparks market uncertainty
Gold prices firmed on Monday as the dollar eased following U.S. President Joe Biden’s decision to withdraw from the 2024 presidential race. Investors turned to bullion as a hedge against an uncertain political and market outlook.
Gold prices rise in anticipation of Fed rate cut and economic uncertainty
Gold prices near record highs as anticipation of a US Fed rate cut boosts demand. Find out more about the factors driving the surge in gold.
Gold prices stay steady as optimism about U.S. rate cuts boosts the market
Key points Gold prices have shown resilience, holding their ground at $2,422.12 per ounce as of 0021 GMT. This follows Monday’s peak of $2,449.89 per ounce, the highest level since May 20. In the futures market, U.S. gold dipped by 0.1% to $2,425.60, reflecting a cautious yet optimistic sentiment among traders. See: Gold prices tradingContinue Reading
Gold slips as dollar strengthens; investors await Fed rate signals
Spot gold prices decreased by 0.2% to $2,407.29 per ounce as of 0049 GMT. Concurrently, U.S. gold futures saw a 0.4% decline to $2,411.20. Learn how the firming dollar, spurred by political uncertainties and an attack on U.S. presidential candidate Donald Trump, made gold more expensive for buyers holding other currencies.
Gold edges higher as focus turns to Fed Powell’s testimony
Gold prices experienced a slight uptick on Tuesday, reflecting cautious optimism among investors as they await critical economic updates. Spot gold rose by 0.2%, reaching $2,364.03 per ounce.
