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 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 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