• Gold ticked higher on Friday despite a stronger dollar, as investors worried about an escalation in the U.S.-China trade dispute after fresh threats by U.S. President Donald Trump, though bullion was still headed for its fifth straight monthly decline. • Spot gold gained 0.1 percent at $1,200.70 per ounce by 1:34 p.m. EDT (1734 GMT) for a rise of about 4 percent from the 19-month low of $1,159.96 hit on Aug. 16. U.S. gold futures for December delivery settled up $1.70, or 0.1 percent, at...

  Gold -0.21% was rangebound and consolidating after a large weekly green bar. It moved between the support and the resistance before finally settling above the crucial $1200 mark for the week. Metal seems to have found some footing at $1198 which is a very important level for the price to take a direction. There was rejection at the highs but it also got support at the lows indicating that fresh bout of buying is happening at lower levels now indicating $1194-$1198 as a demand zone . Another bullish...

  Wall Street and Main Street both look for gold prices to rally in the week after traders return to work from the long U.S. Labor Day weekend, based on the weekly Kitco News gold survey. Phil Flynn, senior market analyst with at Price Futures Group, looks for gold to trade higher since “we are closer to a trade deal and the new Trump sanction threats should bring China to the table.” Otherwise, the trade spat has tended to underpin the U.S. dollar in recent weeks, which in turn has...

  • Gold fell on Monday as the dollar remained firm on worries over intensifying Sino-U.S. trade tensions, especially after an impasse in trade talks between the United States and Canada. • Spot gold was down 0.2 percent to $1,198.43 an ounce at 0708 GMT, after hitting an intra-day low of $1,195.36. U.S. gold futures fell 0.2 percent to $1,204.90 an ounce. • U.S. President Donald Trump has told his aides he is ready to impose tariffs on an additional $200 billion worth of imports from China...

  • Gold prices inched lower on Thursday as the dollar firmed amid expectations of higher U.S. interest rates, but the precious metal continued to hold above a key support level of $1,200. • Spot gold was down 0.4 percent at $1,202.02 an ounce at 0646 GMT, while U.S. gold futures were down 0.3 percent at $1,207.80 an ounce. • Spot gold has been trading within an $8 range over the past two sessions, with investors keenly watching the psychological $1,200 level after the metal broke below that...

  ·         Gold rose on Friday as investors hedged against risks stemming from the ongoing trade dispute, with $ 1 , 200  acting as a strong support, but the bullion was headed for its longest monthly losing streak since  2013.   Spot gold was up  0.6  percent at  $1,207.06  an ounce at  0706  GMT, after touching a near one-week low of  $1,195.95  on Thursday. Prices are down  1.3  percent so far this month, on track for a fifth straight monthly decline. U.S. gold futures were up  0.7  percent...

  • Spot gold climbed on Wednesday as the U.S. dollar turned negative, but expectations for higher U.S. interest rates limited gains and kept the December gold contract pressured. • Spot gold gained 0.4 percent at $1,205.20 per ounce by 2:09 p.m. EDT (1809 GMT). Prices hit their highest level since Aug. 10 at $1,214.28 on Tuesday, but closed 0.8 percent lower, as U.S. Treasury yields rose after the United States and Mexico struck a trade deal. • “A lack of negative news in the market is...

  • Gold prices held steady on Thursday, after rising nearly half a percent in the previous session, as the dollar edged down, but views on higher U.S. interest rates limited gains. • Spot gold was mostly unchanged at $1,205.58 an ounce at 0028 GMT. Prices hit their highest since Aug. 10 at $1,214.28 on Tuesday. • U.S. gold futures were also mostly steady at $1,211.82 an ounce on Wednesday. • Gross domestic product grew at a 4.2 percent annualized rate, the Commerce Department data showed in...

  • Spot gold lost 0.4 percent to $1,206.39 per ounce by 1:38 p.m. EDT (1738 GMT), earlier touching $1,214.28, its highest level since Aug. 10. • U.S. gold futures for December delivery settled down $1.60, or 0.1 percent, at $1,214.40 per ounce. • Gold turned negative on Tuesday as U.S. Treasuries rose after the United States and Mexico struck a trade deal, with analysts saying ongoing U.S.-China tensions would continue to weigh. • U.S. Treasury yields rose across maturities to weekly highs...

  • Gold prices edged higher on Wednesday after the previous session’s sharp fall, but rising U.S. interest rates and lingering Sino-U.S. trade tensions continued to weigh on the market with investors selling the metal at small rallies. • Spot gold was up 0.3 percent at $1,204.64 an ounce at 0329 GMT. Prices hit their highest since Aug. 10 at $1,214.28 on Tuesday, but closed 0.8 percent lower as U.S. Treasuries rose after the United States and Mexico struck a trade deal. • “The selling...

  • Gold gained above $1,200 per ounce on Monday as the dollar weakened after the United States and Mexico struck an agreement that lowers trade tensions. Major currencies gained against the U.S. dollar, which has been a safe haven from months of trade tensions. • Spot gold gained 0.3 percent at $1,208.92 per ounce by 1:37 p.m. EDT (1737 GMT), earlier peaking at $1,212.38, a two-week high. U.S. gold futures for December delivery settled up $2.70, or 0.2 percent, at $1,216 per ounce. • A weaker...

  ·           Gold inched down on Tuesday from a two-week high hit in the previous session, as the dollar firmed against yuan, making the precious metal expensive for buyers in the world’s biggest consumer China. ·           China’s central bank raised its daily guidance rate for the yuan by the most in nearly  15  months on Tuesday, sparking a demand for dollars. ·           Spot gold fell  0.2  percent to  $1,209.04  an ounce at  0358  GMT, after hitting its highest since Aug.  13...

  ·           Spot gold had increased  1.8  percent to $ 1 , 206.14  an ounce by  1:43  p.m. EDT ( 1743  GMT), heading for a  1.9  percent weekly gain. U.S. gold futures for December delivery settled up $ 19.30 , or  1.6  percent, at $ 1 , 213.30 per ounce. ·           Gold prices rose on Friday as the dollar came under pressure from clues about the direction of U.S. monetary policy from Federal Reserve Chairman Jerome Powell, which market watchers interpreted as dovish. ·           The greenback...

  Wall Street and Main Street both look for higher gold prices next week, based on the weekly Kitco News gold survey. Adrian Day, chairman and chief executive officer of Adrian Day Asset Management, said that he is “cautiously bullish” on the metal’s short-term prospects. “Gold is oversold, but may not bounce back immediately,” Day said. “Concerns about the global economy because of the tariff battles, and especially the emerging markets because of Turkey’s currency crisis, are...

  ·         Gold prices held steady on Monday after seeing their best gain in over a year the session before, boosted by short-covering and as comments from the head of the U.S. Federal Reserve signalling a gradual approach to interest rate hikes weighed on the dollar.   Speaking at a research symposium at Jackson Hole, Wyoming on Friday, Fed Chair Jerome Powell made the case that gradual rate hikes were the best way to protect U.S. economic recovery, keep job growth strong and inflation under...

  • Gold prices slid on Thursday, under pressure from a stronger dollar as a prominent U.S. Federal Reserve official reaffirmed the central bank’s intention to raise interest rates and punitive trade tariffs between the United States and China kicked in. • Bullion failed to confirm its brief break on Wednesday through $1,200 an ounce, a key psychological level, as the dollar resumed its ascent a day later. • “With the dollar stronger again, gold is sliding today,” said Chris...

  As of 3:20 PM Eastern standard time, gold futures are trading under substantial pressure. The most active December Comex contract is currently down $11.50 and fixed at $1,191.80. As in previous instances where gold has traded to lower pricing, it is the U.S. dollar that is a significant contributor to that falling price.   The dollar index is currently trading up 0.56%, which is a net gain of .534 points. The index has moved back above 95, to be fixed at 95.585 currently. Gold is currently down...

  Almost four months ago, I penned a note to subscribers of EPB Macro Research that said I was cutting my exposure to gold to the minimum allowable exposure for the model portfolio strategy. The reason I reduced the position in gold was that the outlook was for the Federal Reserve to continue raising interest rates and reducing the balance sheet, which would surely push short-term rates higher. Since cutting this exposure almost four months ago, gold has fallen nearly 10%. Gold trades inversely...

  ·         Gold prices edged up on Friday after falling nearly  1  percent in the previous session, but expectations of higher U.S. interest rates and a robust dollar amid the Sino-U.S. trade war kept a lid on the market.   Gold has lost its appeal as a safe-haven asset amid international trade disputes and the Turkish currency crisis, with investors increasingly turning to the U.S. dollar instead. Spot gold was up  0.2  percent at  $1,187.06  an ounce at  0337  GMT, after falling about ...

  • Gold prices steadied on Wednesday, as the dollar eased after minutes from the Federal Reserve’s August policy meeting reiterated an interest rate hike could come soon, but geopolitical risks are apparent. • U.S. central bankers discussed raising interest rates soon to counter excessive economic strength but also examined how global trade disputes could batter businesses and households, minutes of the Federal Reserve’s last policy meeting showed on Wednesday. • The Fed has been raising...