• Gold jumped more than a percent on Thursday, boosted by a crumbling dollar and as sliding stocks prompted an influx of safe-haven bids after the U.S. Federal Reserve’s monetary policy stance augmented concerns about slowing global growth. • Spot gold climbed 1.3 percent to $1,258.76 per ounce by 1:55 p.m. ET, having reached $1,262.01 earlier in the session, a peak since July 9. U.S. gold futures settled at $1,267.90 per ounce, up $11.50. • “With the Fed being more hawkish (than...

As gold is in the midst of a solid recovery this December, a bull market is just around the corner for the precious metal, Capital Economics said in its  2019  outlook. The end- 2019  target for Capital Economics is  $1,300  an ounce for gold, followed by the  $1,400  level at the end of  2020. “The past quarter marks a turnaround for the gold price and a sign of what is to come. Accordingly, we continue to expect gold to move higher next year – albeit by a modest $ 50  per ounce given...

·           Gold prices steadied on Friday, holding firm near a six-month high struck in the previous session, as the dollar remained under pressure due to a subdued outlook towards U.S. interest rates and the economy, and investors shunned risky assets. Spot gold was down marginally at  $1,259.16  per ounce, as of  0417  GMT, after jumping more than  1  percent in the previous session. The precious metal hit a high of  $1,266.4  on Thursday, a level last seen on June 26. The bullion has gained...

·           Gold prices fell on Wednesday giving up earlier gains, after the U.S. Federal Reserve raised interest rates and noted that “some” further gradual rate hikes would be needed next year. ·           The central bank, after the end of its last policy meeting of the year, said the U.S. economy has been growing at a strong rate and the job market has continued to improve. Fresh economic forecasts released on Wednesday showed policymakers expect two rate hikes next year and...

• Gold prices edged higher on Thursday supported by a softer dollar and weakness in the equities market, after the U.S. Federal Reserve delivered a less-dovish outlook on monetary tightening than many had expected. In a widely anticipated decision, the U.S. central bank hiked interest rates by 25 basis points on Wednesday. But what took markets by surprise was the Fed’s commitment to retain the core of its plan to tighten monetary policy, despite rising uncertainty about global economic...

• Gold steadied off a one-week high on Tuesday as investors awaited the U.S. Federal Reserve’s decision on interest rates, with a weaker dollar and faltering global equities lending support. • Spot gold was up 0.26 percent at $1,249.11 per ounce at 1:50 p.m. ET, having earlier touched its highest level since Dec. 10 at $1,250.27, just short of a five-month peak of $1,250.55 hit last week. • U.S. gold futures added $1.80 to settle at $1,253.60 per ounce. • “Gold is confidently eyeing...

Heading into the new year, commodity analysts at JPMorgan continue to warn precious metals investors to not expect too many fireworks next year as trading in gold and silver could is expected to be ho-hum in at least the first half of the year. In latest outlook forecast, the bank reiterated its neutral call on gold and silver for the first half of  2019 , expecting prices to hover within its current range between  $1,200  and  $1,250  an ounce. It won’t be until the final three months of the...

•· Gold prices climbed to a more than five-month peak on Wednesday as a softer dollar supported the bullion while investors awaited cues on the rate hike trajectory of the U.S. central bank from its two-day policy meeting. Spot gold was up 0.1 percent at $1,250.46 per ounce, as of 0641 GMT, after hitting its highest since July 11 at $1,251.35 earlier in the session. U.S. gold futures were steady at $1,253.80 per ounce. • “The market is largely in a holding pattern as everyone is...

• Gold rose on Monday as a slide in the dollar made bullion more attractive for holders of other currencies, while some investors took cover as stocks globally slipped into the red ahead of the U.S. Federal Reserve's two-day policy meeting. • Spot gold was up 0.64 percent at $1,246.06 per ounce by 1:53 p.m. ET. U.S. gold futures settled $10.40 higher at $1,251.80 per ounce. • The dollar slipped ahead of the Fed's policy meeting, ending on Wednesday. Investor focus will be on central bank's...

·         Gold prices rose slightly on Tuesday ahead of a key U.S. Federal Reserve meeting, as speculation that signs of economic turbulence may prompt the central bank to put brakes soon on its monetary tightening cycle kept the dollar under pressure. The Federal Open Market Committee (FOMC) is widely expected to raise interest rates at its two-day meeting starting later in the day, but the focus will be on its outlook for  2019. ·         " Investors are hoping gold prices will go up...

Global gold production is expected to be somewhat stable in 2019, with one analytical firm forecasting a fall of half a percentage point and another looking for a rise of less than that. The GFMS team at Refinitiv projected 2019 gold production will ease to 3,265.5 tonnes from an estimated 3,281.7 for 2018. Meanwhile, the consultancy Metals Focus sees global gold mine production edging higher by 0.2% in 2019 to a new record of 107.6 million ounces. Metals Focus listed the following expected notable...

•Gold fell to its lowest in more than a week on Friday and was on track to mark its biggest weekly decline in more than a month, as the dollar climbed on robust U.S. economic data ahead of a U.S. Federal Reserve meeting next week. Spot gold eased 0.3 percent to $1,238.86 per ounce as of 11:14 a.m. EST (1614 GMT). Earlier in the session, prices hit their lowest since Dec. 4 at $1,232.39. The metal is down about 0.7 percent so far this week. U.S. gold futures were down 0.4 percent at $1,242.40...

Wall Street is split on where gold prices are headed next week, while Main Street is bullish, according to the Kitco News gold survey. The critical event markets will be focusing on next week will be a meeting of the Federal Open Market Committee. Policymakers are expected to hike interest rates another 25 basis points, but market watchers will be watching closely for clues on the pace of future hikes. Fed Chair Jerome Powell has suggested rates may be nearing a “neutral” level, and financial...

• Gold prices inched lower on Monday, as the dollar held firm below a 19-month peak on safe-haven demand amid concerns of a global economic slowdown, and as investors awaited cues on U.S. interest rate hikes from a Federal Reserve meeting later this week. Spot gold was down 0.1 percent at $1,237.51 per ounce, as of 0401 GMT, after having hit its lowest since Dec. 4 at $1,232.39 on Friday. U.S. gold futures were little changed at $1,241.3 per ounce. • Gold has not recovered yet from Friday's...

·           Gold eased to its lowest in nearly one week on Thursday as the dollar rose and investors latched on to gains in global stocks, while palladium touched record highs on expectations of higher demand. ·           Spot gold eased 0.21 percent to $1,242.74 per ounce at 11:21 a.m. EST (1621 GMT), while U.S. gold futures settled at $1,247.40 per ounce, down $2.60. ·           The dollar gained against a basket of major currencies, helped by a dip in the euro after the European Central...

·           Gold prices fell on Friday and were on track to mark their biggest weekly decline in five weeks due to a firmer dollar, as investor focus shifted towards an expected U.S. interest rate hike next week. Spot gold was  0.4  percent lower at  $1,237.65  per ounce as of  0747  GMT. Earlier in the session, prices hit their lowest level since Dec.  6  at  $1,236.80. The metal is down about  0.6  percent so far for the week. U.S. gold futures were down  0.3  percent at  $1,244.2  per ounce...

• Gold prices edged higher on Wednesday as the dollar slipped and expectations of U.S. interest rate hikes next year dimmed, brightening the appeal of non-interest yielding bullion. • Spot gold was up 0.12 percent at $1,244.34 per ounce as of 2:07 p.m. EST. U.S. gold futures settled $2.80 higher at $1,250.00 per ounce. • The dollar was weaker against a basket of currencies after data showed U.S. consumer prices were unchanged in November, supporting the view that inflation stayed firm but not...

·           Gold prices slipped on Thursday as the dollar steadied and equities climbed on signs of easing trade tensions between the United States and China, while palladium rose to a record high, trading at a premium to the bullion. Spot gold was down  0.2  percent at  $1,243.91  per ounce, as of  0415  GMT, while U.S. gold futures were  0.1  percent lower at  $1,249.3  per ounce. ·           " Market sentiment is neutral today... We've got a little more positive sentiment than we anticipated...

• Gold held steady near a five-month peak on Tuesday as fading expectations of further interest rate hikes in the United States burnished the appeal of non-interest-bearing bullion. Meanwhile, palladium was trading at a premium to gold, with prices of the autocatalyst metal rising more than 2 percent after President Donald Trump said on Twitter that China had agreed to cut import tariffs on American-made cars. Palladium prices had last week briefly surpassed those of gold for the first time...

Investors looking for a commodity to be bullish on in  2019  should look at gold, according to the latest research from analysts at Bank of American Merrill Lynch (BoAML), which is overweight the precious metal.   In a teleconference presentation last week, Michael Widmer, metals strategist at the bank, said that a weaker U.S. dollar, rising inflation and low real interest rates will drive gold prices higher next year.   In its year-end outlook, the bank sees gold prices averaging the year around ...