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 […]
Asia Gold-China demand buoyant, India ramps up purchases
By Rajendra Jadhav, Seher Dareen* Gold imports flowing into China over past few weeks- MKS PAMP* Indian banks importing more gold since market at premium-dealer* Domestic prices in Japan hovering near historic highs- traderMarch 3 (Reuters) – Physical gold prices traded at a premium in India this week, as a drop in domestic rates encouraging […]
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, […]
PRECIOUS-Gold eases on worries over higher-for-longer rates
*Gold down 1% this week so far*U.S. Jan PCE data due at 1330 GMT*Fed rates seen peaking at 5.338% in July(Adds comments and details, updates prices)Feb 24 (Reuters) – Gold prices inched lower on Friday as investors fretted that a recent slate of stronger-than-expected economic data from the United States could make the Federal Reserve […]
PRECIOUS-Gold tiptoes higher as investors focus on Fed minutes
*Fed minutes due at 1900 GMT*U.S. dollar index down 0.1%*U.S. 10-yr Treasury yields hit highest since November*Silver, platinum off one-week highs marked on Tuesday(Adds details, updates prices)Feb 22 (Reuters) – Gold prices rose marginally on Wednesday, as investors awaited minutes of the U.S. Federal Reserve’s latest policy meeting to assess prospects of further interest rate […]
PRECIOUS-Gold listless as traders look to U.S. data for Fed clues
*U.S. dollar index up 0.2%*Fed minutes due on Wednesday*Traders await U.S. PCE, GDP data(Updates prices)Feb 21 (Reuters) – Gold traded in a tight range on Tuesday as investors refrained from taking big positions ahead of U.S. economic data that could influence the Federal Reserve’s interest rate-hike strategy.Spot gold eased 0.1% to $1,838.66 per ounce, as […]
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, […]
PRECIOUS-Gold flat as traders focus on Fed decision
*Fed policy decision due at 1900 GMT*U.S. labour cost growth smallest in a year(Adds details and updates prices)Feb 1(Reuters) – Gold held steady on Wednesday, as investors refrained from taking big bets ahead of the U.S. Federal Reserve’s policy decision due later in the day.Spot gold was flat at $1,927.75 per ounce, as of 0720 […]