Gold holds near 1-week low as Powell sticks to hawkish narrative
(Reuters) – Gold steadied on Wednesday after shedding nearly 2% in the previous session on an elevated dollar, with demand for the non-yielding asset blunted by Federal Reserve Chair Jerome Powell signalling more rate hikes.FILE PHOTO: An employee casts ingots of 99.99 percent pure gold during production at Krastsvetmet precious metals plant in the Siberian […]
Softer dollar sets gold on track for best week since mid-January
(Reuters) – Gold prices climbed to their highest in more than two weeks on Friday and were on track for their biggest weekly rise since mid-January, supported by a softer dollar as investors gauged the U.S. central bank’s policy path.FILE PHOTO: Ingots of 99.99 percent pure gold are placed in a workroom at Krastsvetmet precious […]
Gold loses steam as dollar turns higher, rate worries persist
(Reuters) – Gold prices were set to break a three-session winning run on Thursday, weighed down by a firmer dollar and as bullion’s outlook remains clouded by prospects of further interest rate hikes from the U.S. Federal Reserve.FILE PHOTO: 50g gold ingots are pictured after being minted at the plant of refiner and bar manufacturer […]
Gold gains as dollar rally cools, but rate-hike fears linger
(Reuters) – Gold prices ticked up on Monday on a pullback in the dollar, although worries around further interest rate hikes from the U.S. Federal Reserve kept bullion near a two-month low.FILE PHOTO: Ingots of 99.99 percent pure gold are placed in a workroom at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, […]
Gold slides over 2% as robust jobs report stokes hawkish Fed fears
(Reuters) – Gold prices dropped over 2% on Friday to a more than three-week low after stronger-than-expected U.S. jobs data raised fears that the Federal Reserve could keep hiking interest rates.Granules of gold and silver are seen in glass jars at the Krastsvetmet non-ferrous metals plant in the Siberian city of Krasnoyarsk, Russia March 10, […]
Gold falls as dollar holds ground, traders eye U.S. data
(Reuters) – Gold prices slipped on Wednesday from a nine-month peak hit in the previous session as the dollar steadied and investors squared positions ahead of U.S. fourth-quarter economic growth figures.FILE PHOTO: Gold bullion is displayed at GoldSilver Central’s office in Singapore June 19, 2017. REUTERS/Edgar Su/File PhotoSpot gold was down 0.6% to $1,925.75 per […]