Gold hits 1-week high as dollar slides on robust China data
An Argor-Heraeus SA branded two hundred and fifty gram gold bar, center, sits in this arranged photograph at Solar Capital Gold Zrt. in Budapest, Hungary.Akos Stiller | Bloomberg | Getty Images Gold prices gained 1% on Wednesday as strong Chinese economic data dented the dollar and drove some bets for better physical demand from the […]
Gold set for biggest drop in 20 months on rate hike worries
American Eagle and South African Krugerrand gold bullion in Chicago, Illinois.Scott Olson | Getty ImagesGold prices slipped to a two-month low on Tuesday and were on track for their biggest monthly decline since June 2021, pressured by an elevated dollar and prospects of more rate hikes from the U.S. Federal Reserve.Spot gold was down 0.17% […]
Gold steady as U.S. rate hike fears persist
A one-kilogram gold bar sits at Gold Investments Ltd. bullion dealers in this arranged photograph in London, U.K., on Wednesday, July 29, 2020.Chris Ratcliffe | Bloomberg | Getty ImagesGold prices were little changed on Thursday as traders waited for U.S. growth data for more clues on the pace of Federal Reserve rates hikes and a […]
Gold drops to over 1-month low as rate-hike bets fuel dollar
Ingots of 99.99 percent pure gold are placed in a workroom at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, January 31, 2023. REUTERS/Alexander ManzyukAlexander Manzyuk | ReutersGold prices dropped to their lowest in over a month on Wednesday, weighed down by a stronger dollar as better-than-expected U.S. economic data raised worries […]
Gold demand surged to 11-year high on ‘colossal’ central bank buying
Ingots of 99.99 percent pure gold are placed in a workroom at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, January 31, 2023. Alexander Manzyuk | ReutersGold demand soared to an 11-year high in 2022 on the back of “colossal central bank purchases, aided by vigorous retail investor buying,” according to the World […]
Gold trades near 8-month high and analysts expect its rise to continue
Gold bars are displayed at a bullion merchant’s, Baird & Co., in London, U.K., on Friday, March 14, 2008.Graham Barclay | Bloomberg | Getty ImagesLONDON — Gold traded near an 8-month high Tuesday as the precious metal’s strong start to 2023 continued, buoyed by lower yields and a weaker dollar.Spot gold hit $1,881.5 per troy […]