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  • Gold Prices Dip Amid Rate Hike Uncertainty, Copper Retreats

    Gold Prices Dip Amid Rate Hike Uncertainty, Copper Retreats0

    Gold prices fell slightly on Monday amid uncertainty over whether the Federal Reserve will hold interest rates steady later this month, while concerns over weakening economic growth pulled copper prices down. The yellow metal fell on Friday after U.S. nonfarm payrolls data read much stronger than expected for May, which posited a hawkish outlook for

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  • Gold Prices Creep Higher as USD Retreats, Hawkish Fed Caps Gains

    Gold Prices Creep Higher as USD Retreats, Hawkish Fed Caps Gains0

    • Gold
    • October 19, 2022

    Gold prices rose slightly on Wednesday, extending mild gains into a third session as pressure from the dollar abated, although hawkish signals from Federal Reserve officials prevented further gains Spot gold rose 0.1% to $1,653.49 an ounce, while gold futures rose 0.2% to $1,658.90 an ounce by 19:20 ET (23:20 GMT). Both instruments spent a

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  • Gold Extends Gains, Set For Bumper Week Amid Softer Inflation

    Gold Extends Gains, Set For Bumper Week Amid Softer Inflation0

    Gold prices rose for a fourth straight session on Friday following more signs that U.S. inflation was easing, while persistent fears of a 2023 recession also underpinned safe haven demand for the yellow metal. Data on Thursday showed that U.S. producer price index inflation grew at a slower pace in March, coming a day after

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  • Gold Edges Lower, Copper Slides On Disappointing Chinese Data

    Gold Edges Lower, Copper Slides On Disappointing Chinese Data0

    Gold prices crept lower on Wednesday as markets awaited more cues on the raising of the U.S. debt ceiling, while copper prices slid after data offered more signals of a slowing economic rebound in China. Copper futures sank 0.7% to $3.6338 a pound, and were set to lose about 6% in May as data showed

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  • Gold Edges Lower As Markets Seek Clarity On Fed Rate Hikes

    Gold Edges Lower As Markets Seek Clarity On Fed Rate Hikes0

    Gold prices fell slightly in Asian trade on Wednesday, but hovered around key levels as markets awaited more cues on U.S. monetary policy from a string of upcoming Federal Reserve speakers and reports. The yellow metal retook the $2,000 level on Tuesday as the dollar and U.S. Treasury yields cooled after a recent recovery rally.

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  • Gold Buoyant Before The Fed, Copper Rallies on China COVID Hopes

    Gold Buoyant Before The Fed, Copper Rallies on China COVID Hopes0

    Gold prices held recent gains on Wednesday as the dollar steadied before the conclusion of a Federal Reserve meeting, while copper prices were lifted by speculation over China potentially relaxing its strict zero-COVID policy Spot gold steadied around $1,648.23 an ounce, while gold futures rose 0.1% to $1,650.80 an ounce. Both instruments jumped from a

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