Asian shares flat; gold hits record, dollar drops on shutdown fears

Asian shares flat; gold hits record, dollar drops on shutdown fears

Gold hit a new record and dollar held its losses as concerns mounted over a US government shutdown. The precious metal, a traditional safe-haven asset, climbed above $3,839 an ounce. A gauge of the dollar was little changed after falling for two consecutive days. Equity-index futures for US dipped 0.1% while Asian shares were flat. … Read more

Gold falls after scaling record peak as markets digest Fed Chair Powell’s comments

Gold falls after scaling record peak as markets digest Fed Chair Powell’s comments

Gold prices fell nearly 1% on Wednesday, retreating from a record high scaled earlier in the session, as market participants parsed remarks from Federal Reserve Chair Jerome Powell. Spot gold was down 0.9% at $3,658.25 per ounce, as of 3:11 pm EDT (1911 GMT), after hitting a record high of $3,707.40. Prices have risen nearly … Read more

Gold price hits fresh record; jobs data among key factors behind rally

Gold price hits fresh record; jobs data among key factors behind rally

Gold surged past the $3,600 an ounce level for the first time on Monday, hitting a fresh record high as soft U.S. labor data reinforced expectations the Federal Reserve will cut interest rates next week. Spot gold rose 1.3% to $3,631.66 per ounce, as of 9:59 a.m. EDT (1349 GMT). Bullion hit a record high … Read more