• Gold prices were steady early on Wednesday, supported by expectations of fewer rate hikes by the U.S. Federal Reserve next year, while palladium traded at a premium to gold.
Spot gold inched up 0.1 percent to $1,244.40 per ounce, as of 0115 GMT. U.S. gold futures rose 0.2 percent to $1,249.9 per ounce. Spot palladium was up0.2 percent at $1,246.30 per ounce. Prices climbed over 2 percent in the previous session.
• The dollar held near a one-month high against its peers on Wednesday, supported...
• Gold edged lower on Monday as the dollar firmed, but stock market volatility and chances of a slower pace of U.S. interest rate hikes in 2019 kept bullion close to a 5-month peak scaled earlier in the session.
• Spot gold was down 0.4 percent at $1,242.82 per ounce at 2:54 p.m. EST, having touched $1,250.55, its highest since July 11. U.S. gold futures for February delivery settled at $1,249.40 per ounce, down $3.20.
• "Yields are correcting a bit higher in the front end and the dollar...
• Gold prices edged higher on Tuesday, supported by hopes that the U.S. Federal Reserve could pause its rate hike cycle sooner than expected and as the dollar slipped after the previous session's rally.
Spot gold was up 0.2 percent at $1,246.62 per ounce, as of 0430 GMT. It touched its highest in nearly five months at $1,250.55 in the prior session.
U.S. gold futures were 0.2 percent higher at $1,251.4 per ounce.
• "Weakening U.S. dollar outlook and very dovish pivots from the Fed, a lot...
• Gold rebounded to a near 5-month peak on Thursday as the dollar declined amid expectations of a slowdown in the pace of U.S. rate hikes, with investors seeking refuge from a sell-off in global stocks.
• Spot gold rose 0.11 percent to $1,238.82 per ounce, having reached $1,244.32 per ounce, its highest since July 17. U.S. gold futures were 0.13 percent higher at $1,243.90 per ounce.
• "What we are seeing is a lot of safe-haven support with the equity markets selling off, coupled with a...
• Gold prices edged higher on Friday and were on track for their best week in 15, as the dollar weakened on renewed speculation of an imminent pause in the U.S. Federal Reserve's tightening cycle.
• Markets now await U.S. nonfarm payrolls data, expected at 0830 ET (1330 GMT), for clues about the health of the world's biggest economy which could influence monetary policy. Non-farm payrolls for November are expected to fall by 200,000 jobs.
U.S. unemployment and wage data are also expected on...
• Gold slipped on Wednesday on expectations of more rate hikes following remarks from a U.S. Federal Reserve official and as some investors booked profits after prices climbed to their highest in more than five weeks.
• Palladium, on the other hand, surpassed the bullion for the first time in about 16 years, to hit a new record high of $1,263.56 per ounce as higher speculative interest and larger supply deficit boosted the auto-catalyst metal.
• Spot gold was down 0.1 percent at $1,237.29 per...
• Gold edged higher on Thursday as growing risk aversion weighed on the dollar, while palladium held ground at a premium to the bullion.
Spot gold was up 0.2 percent at $1,239.86 per ounce, as of 0429 GMT, while U.S. gold futures were 0.2 percent higher at $1,244.9 per ounce.
• "Markets are trying to consolidate, trying to push up higher for now," said Benjamin Lu, a commodities analyst with Phillip Futures.
A balance between a host of factors such as a rate hike by the U.S. Federal...
• Gold gained one percent on Monday, hitting its highest in more than three weeks, boosted by a sell-off in the dollar after the United States and China called a truce on fresh trade tariffs for 90 days.
Meanwhile, palladium soared to a record, putting it about $12 short of parity with gold.
• Spot gold was up 0.78 percent at $1,231.35 per ounce, its highest since $1,234.87 on Nov. 7.
U.S. gold futures settled up 1.1 percent at $1,239.60.
• "Mainly it's the weakness in the dollar today...
Gold faced another sideways week which was encapsulated between the support and the resistance. The range was bigger than the earlier week with price swinging $18 inbetween highs and lows accredited to the nature of the week which was full of important fundamental activities from which gold is to take cues in short/mid term. Important takeaway remains much similar, it closed above the support conclusively while the demand was visible at the lower level and supply at higher. Such kind of movement...
• Gold prices rose on Tuesday, after hitting a more than one-month high earlier in the session, as the dollar stumbled after the United States and China agreed to a temporary truce in their trade conflict that rattled global markets.
Spot gold climbed 0.4 percent to $1,235.78 per ounce at 0400 GMT. Prices touched a peak of $1,236.01 earlier in the session, their highest since Nov. 2.
U.S. gold futures were little changed at $1,240.3 per ounce.
• "Dollar weakness is primarily driving gold...
• Gold fell as the dollar strengthened ahead of trade talks between the US and Chinese leaders at the G20 summit, while palladium prices crossed the $US1,200 per ounce mark for the first time. Spot gold dipped 0.29 per cent to $US1,220.01 per ounce. US gold futures settled down 0.33 per cent at $US1,220.10 an ounce.
• Gold (XAU/USD) is trading in a sideways manner in Asia amid risk-on action in the financial markets.
The trade truce has likely put a strong bid under the risk assets. For instance...
• Gold prices hit a more than three-week high on Monday on a weaker dollar, as a trade ceasefire between the United States and China revived investor demand for riskier assets.
Spot gold climbed about 0.7 percent to $1,230.78 per ounce at 0725 GMT, having touched its highest level since Nov. 7 at $1,231.34 earlier in the session.
U.S. gold futures were up 0.8 percent at $1,235.2 per ounce.
• “Dollar has edged down from its high, supporting gold,” said Hareesh V, head of commodity...
·
Gold held steady but pared some gains made early on Thursday as the dollar recovered and minutes from the U.S. Federal Reserve's recent meeting showed an interest rate hike was imminent in December.
·
Spot gold rose 0.2 percent to $1,223.75 per ounce, having earlier hit its highest since Nov. 22 at $1,228.96.
·
U.S. gold futures settled up barely changed at $1,224.10.
·
Minutes from the Fed's Nov. 7-8 meeting showed that almost all Fed officials at...
•
Gold prices held range-bound on Friday as the dollar trod water after U.S. President Donald Trump sent mixed signals about the prospects for a trade deal with Beijing, while palladium notched a record high.
Donald Trump and Chinese leader Xi Jinping are expected to discuss trade on the sidelines of the G
20
summit in Argentina on Saturday, where global trade tensions are expected to dominate the agenda.
However, Trump sent mixed signals on Thursday about the trade deal, saying...
·
Gold jumped from near a two-week low on Wednesday after U.S. Federal Reserve Chair Jerome Powell said interest rates were "just below" neutral, soothing investor worries over the pace of rate hikes.
U.S. gold futures settled up
$10.20
, or
0.8
percent, at
$1,223.60.
"
Interest rates are still low by historical standards, and they remain just below the broad range of estimates of the level that would be neutral for the economy — that is, neither speeding up...
·
Gold prices firmed on Thursday as the dollar faltered following dovish comments from U.S. Federal Reserve Chair Jerome Powell, calming investor concerns over the pace of rate hikes.
Spot gold was up
0.4
percent at
$1,225.34
per ounce at
0700
GMT. Prices climbed about
0.6
percent on Wednesday, their biggest one-day percentage gain since Nov.
16.
U.S. gold futures were up
0.1
percent at
$1,225.1
per ounce.
·
“The dovish Fed stance was relatively constructive...
• Gold fell to its lowest in more than a week on Tuesday as the dollar rallied after comments from U.S. Federal Reserve Vice Chair Richard Clarida bolstered expectations that the central bank would continue hiking interest rates.
• Spot gold fell 0.66 percent to $1,21418 per ounce, after touching its lowest since Nov. 16 at $1,213.94.
• U.S. gold futures settled at $1,213.40 an ounce.
• "Most of those comments (from Fed officials) so far have been along the lines of continuing along the...
·
Spot gold was little changed at
$1,213.71
per ounce at
0408
GMT, having dipped to its lowest level since Nov.
15
at
$1,211.36
in the previous session.
U.S. gold futures were down about
0.1
percent at
$1,214.
Gold prices were tepid on Wednesday pressured by a robust dollar after a senior U.S. Federal Reserve official reaffirmed the need for a further increase in interest rates, making bullion more expensive for holders of other currencies.
·
Fed Vice Chair Richard...
• Gold firmed on Monday, supported by uncertainty over the future pace of U.S. interest rate hikes and the outcome of the G20 summit later this week when political leaders will focus on global trade tensions.
• Spot gold was down 0.05 percent to $1,221.81 per ounce. U.S. gold futures were settled at 1,222.40 per ounce.
• U.S. President Donald Trump and his Chinese counterpart Xi Jinping are expected to discuss their trade dispute at the G20 summit in Argentina.
• "If Trump and Xi can't...
• Gold prices inched lower on Tuesday as the dollar held firm, while investors awaited clues on the pace of future U.S. interest rate hikes and as the U.S.-China trade spat sours ahead of a G20 summit.
Spot gold inched 0.1 percent lower to $1,220.97 per ounce at 0702 GMT.
U.S. gold futures were down 0.2 percent at $1,220.2 an ounce.
• Investors will hold steady until the minutes of the Federal Reserve meeting are released and more clarity emerges around the trade conflict leading into the G20...