·
Gold prices rose on Monday as the dollar fell against the yuan after U.S. President Donald Trump said he would delay an increase in tariffs on Chinese goods, while palladium surged to a record high.
Spot gold rose
0.3
percent to
$1,331.43
per ounce at
0348
GMT. U.S. gold futures were up
0.1
percent at
$1,333.50.
·
The offshore yuan strengthened
0.2
percent to
6.685
yuan against the dollar, after hitting its highest level since mid-July, on the news that Trump...
·
Gold slipped off a
10-
month peak on Thursday, pressured by signals the U.S. Federal Reserve will not adopt as dovish a stance on monetary policy as previously thought and as investors booked profits, while palladium retreated from a record high.
Spot gold fell
1.08
percent to
$1,324
per ounce at
1:56
p.m. ET, having hit
$1,346.73
in the previous session, its highest since April
19.
U.S. gold futures settled
$20.10
lower at
$1,327.80.
·
"
Most people had...
·
Gold prices edged higher on Friday as optimism over U.S.-China trade talks pressured the dollar, but signs of the U.S. Federal Reserve raising interest rates again this year capped gains.
Spot gold inched
0.1
percent higher to
$1,324.59
per ounce at
0408
GMT. The metal was headed for a second straight weekly rise, up almost
0.3
percent. The precious metal had hit a
10-
month high on Thursday, but later erased the gains.
U.S. gold futures were subdued at
$1,327.7
per ounce...
·
Palladium jumped above the $1,500 per ounce mark for the first time on Wednesday, propelled by a stark supply deficit, while gold hit a 10-month high on a weaker dollar as investors awaited cues on U.S. monetary policy.
·
Spot palladium, which traded as high as $1,502 per ounce, was up 0.74 percent at $1,490.50 at 1:52 p.m. EST.
·
"Palladium's deficit is likely to persist for at least the next couple of years and there's limited opportunity to ease the...
·
Gold was trading below the previous session’s
10-
month peak on Thursday as the dollar inched up after minutes from the last U.S. Federal Reserve meeting rekindled expectations of another rate hike this year.
Investors were also keeping a close eye on talks to end a trade dispute between China and the United States.
Spot gold had inched up by
0.1
percent to
$1,339.88
per ounce as of
0529
GMT, having touched
$1,346.73
per ounce in the previous session, its highest level...
·
Palladium scaled a record peak to within striking distance of the
$1,500
level on Tuesday fuelled by a sharp supply deficit, while bullion rose
1
percent to hit a
10-
month high on a weaker dollar and global growth jitters.
·
Spot palladium was up
1.68
percent at
$1,481.50
per ounce by
2:02
p.m. EST, having earlier soared to an all-time high of
$1,491.
·
A sustained deficit in supply was likely to widen this year as stricter emissions standards increase...
·
Palladium prices broke above
$1,500
for the first time on Wednesday due to a prolonged supply deficit, while gold rose to a fresh
10-
month high as the dollar struggled before the U.S. Federal Reserve's policy meeting minutes.
·
Palladium is crucial in the making of catalytic converters used in exhaust systems of vehicles, and an improvement in demand from the auto sector has supported the metal's surge.
·
"
Demand (for palladium) is increasing year by...
·
Gold jumped to a two-week high on Friday after weak U.S. economic data boosted expectations the U.S. Federal Reserve would hold pat on monetary tightening, while palladium matched an all-time high on a prolonged deficit.
·
Spot gold was up 0.7 percent at $1,321.31 an ounce at 2:21 p.m. EST (1921 GMT), having touched its highest level since Feb. 1 at $1,321.88.
·
U.S. gold futures settled up 0.6 percent at $1,322.10.
·
While gold is on track for a small...
A number of analysts and traders cited an expectation that the U.S. dollar’s recent rally will stall, which would help gold due to the inverse relationship between the two. Others cited technical-chart strength in gold.
Seventeen market professionals took part in the Wall Street survey. There were 13 votes, or 76%, calling for higher prices. There were two votes each, or 12%, for both lower and sideways.
Meanwhile, 455 respondents took part in an online Main Street poll. A total of 244 voters...
·
Gold prices rose to their strongest level in more than two weeks on Monday as the dollar weakened on hopes the United States and China are nearing a trade deal, while palladium hit a record high.
Spot gold had gained
0.3
percent to
$1,324.80
per ounce by
0324
GMT, just below a
9-
month peak of
$1,326.30
an ounce marked on Jan.
31.
U.S. gold futures rose
0.4
percent to
$1,327.8
an ounce.
·
"
Alleviation of risks around the trade talks has certainly benefited...
·
Gold prices rose on Thursday as the dollar fell on weak economic data from the United States, which bolstered expectations the Federal Reserve would stick to its dovish stance on monetary policy.
·
Spot gold rose 0.45 percent to $1,311.96 per ounce as of 2:13 p.m. ET. U.S gold futures settled $1.20 lower at $1,313.90.
·
The dollar index fell, weighed down by a string of disappointing U.S. data, with retail sales recording their biggest drop in nine years in...
·
Gold prices rose on Wednesday on more signs the U.S. Federal Reserve will likely be patient on further interest rate rises, but rallying global equities kept the metal's gains in check.
·
Spot gold was up 0.04 percent at $1,310.99 per ounce as of 1:56 p.m.
·
U.S. gold futures settled up $1.10 at $1,315.10 per ounce.
·
Federal Reserve officials have indicated that they will support a pause in interest rate hikes from the U.S. central bank to assess...
·
Gold prices edged higher on Thursday as soft U.S. inflation data raised expectations that the Federal Reserve will pause rate hikes this year, while investors were looking for developments in trade talks between Washington and Beijing.
Spot gold was up
0.3
percent at
$1,309.38
per ounce, as of
0559
GMT. U.S. gold futures were down
0.2
percent at
$1,312.10.
·
U.S. consumer prices were unchanged for a third straight month in January, leading to the smallest annual...
·
Gold traded in a tight
$3
range on Friday as concerns over an economic slowdown supported prices for the safe-haven metal and a firm dollar kept a lid on gains.
Investors are also awaiting further developments from ongoing U.S.-China trade talks before making any big moves.
Spot gold was steady at
$1,312.56
per ounce as of
0419
GMT, while U.S. gold futures were up
0.1
percent at
$1,315.40.
·
"
Uncertainties around Brexit and trade talks and strengthening of...
·
Gold prices edged higher on Tuesday, buoyed by a slight retreat in the U.S. dollar amid optimism about a potential resolution of the U.S.-China trade conflict.
·
Spot gold was up 0.2 percent at $1,310.95 an ounce at 1:48 p.m. EST (1848 GMT), having declined 0.4 percent in the previous session.
·
U.S. gold futures settled 0.2 percent higher at $1,314.00.
·
“Gold is likely to be quiet for the remainder of the week pending news on the U.S.-China...
·
Gold prices inched up on Wednesday, supported by a weaker dollar on hopes of a deal between the United States and China over a long-drawn trade war, but improved risk appetite capped bullion’s gains.
Spot gold was up
0.2
percent at
$1,313.43
per ounce as of
0619
GMT, while U.S. gold futures gained
0.2
percent to
$1,316.6
an ounce.
·
U.S. President Donald Trump said on Tuesday that he could see letting the March
1
deadline for reaching a trade agreement with...
·
Gold prices fell on Monday as investors preferred the safety of the dollar in the face of mounting concerns that the U.S.-China trade dispute could slow global growth.
Spot gold was 0.4 percent lower at $1,308.18 per ounce at 2:13 p.m. EST (1913 GMT).
U.S. gold futures settled down 0.5 percent at $1,311.9 per ounce.
·
“The big factor here is the strengthening of the U.S. dollar,” which is being supported by the trade dispute, said Bart Melek, head of commodity...
·
Gold prices held steady on Tuesday as investors kept a cautious stance ahead of a fresh round of Sino-U.S trade talks, while a firmer dollar capped gains for the bullion, which was drawing support from global economic slowdown worries.
Spot gold was firm at
$1,309
per ounce, as of
0605
GMT, after falling
0.4
percent in the previous session.
U.S. gold futures were also mostly unchanged at
$1,312.70
per ounce.
·
“Gold is being pushed around by the U.S. dollar...
·
Gold held steady on Friday en route to its first weekly loss in three, pressured by gains in the dollar, but kept above the $1,300 level by concerns over economic growth in Europe and elsewhere.
·
Spot gold was steady at $1,314.17 per ounce, as of 2 p.m. ET, after hitting its lowest since Jan. 29 at $1,302.11 on Thursday. U.S. gold futures settled up $4.30 at $1,318.50.
·
"The major headwind is the pretty resilient dollar at the moment," said Philip...
Wall Street and Main Street both remain bullish in the weekly Kitco News gold survey, in essence considering this week’s pullback as a correction in a market that still is still in an uptrend.
Fifteen market professionals took part in the Wall Street survey. There were 11 votes, or 73%, calling for higher prices. There were two votes each, or 13%, for both lower and sideways.
Meanwhile, 467 respondents took part in an online Main Street poll. A total of 259 voters, or 55%, called for gold to...