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 […]
PRECIOUS-Gold accelerates to 8-month peak on dollar pullback
*U.S. CPI report due on Thursday*Dollar index down 0.4%(Updates prices)Jan 9 (Reuters) – Gold prices extended gains to an eight-month high on Monday as a weaker dollar made greenback-priced bullion cheaper for overseas buyers, while investors bet on a less-aggressive rate-hike trajectory from the U.S. Federal Reserve this year.Spot gold was up 0.8% at $1,880.33 […]
PRECIOUS-Gold falls as tight U.S. labour market suggests higher rates
*U.S. weekly jobless claims at three-month low*U.S. non-farm payrolls data due on Friday*Gold seeing support at $1,800-$1,805 – analyst*Palladium drops near 3%(Updates prices)Jan 5 (Reuters) – Gold prices pared losses on Thursday after Fed remarks of inflation easing in 2023, after slipping more than 1% on reports of a tighter-than-expected U.S. labour market boosting expectations […]