Gold flat as focus shifts to inflation data

Gold flat as focus shifts to inflation data

Gold prices were flat during early Asian hours on Friday, as traders awaited economic data due later in the day to gauge the Federal Reserve‘s rate hike stance. * Spot gold was little changed at $1,793.22 per ounce as of 0034 GMT. U.S. gold futures rose 0.3% to $1,801.20. * Investors’ attention turns to personal … Read more

Gold prices steady after rising 1% overnight

Gold prices steady after rising 1% overnight

Gold prices were little changed in early Asian trade on Thursday, after bullion jumped more than 1% in the previous session following a retreat in the U.S. dollar and yields. FUNDAMENTALS * Spot gold held its ground at $1,786.92 per ounce, as of 0009 GMT. U.S. gold futures were up 0.1% to$1,799.10. * Gold on … Read more

Gold flat; set for weekly gain on hopes of less hawkish Fed stance

Gold flat; set for weekly gain on hopes of less hawkish Fed stance

Gold prices were flat on Friday but headed for a second week of gains, as some weak U.S. economic data fanned expectations that the Federal Reserve might ease the aggressive pace of raising interest rates beginning December. FUNDAMENTALS * Spot gold was flat at $1,663.22 per ounce, as of 0130 GMT but it was up … Read more

Should you buy gold despite surge in US dollar?

Should you buy gold despite surge in US dollar?

Negative investor sentiment due to a rapid rise in global interest rates, a strong US dollar, and higher bond yields, gold lost its glitter throughout this year. London spot gold prices fell for the seventh consecutive month in October, shedding more than 10% since January. Rising interest rates are typically an obstacle for gold as … Read more

Gold prices edge lower on steady dollar, Fed rate-hike jitters

Gold prices edge lower on steady dollar, Fed rate-hike jitters

Gold prices inched lower on Wednesday as the dollar steadied, while the U.S. Federal Reserve’s commitment to tightening monetary policy also weighed on zero-yield bullion’s appeal. FUNDAMENTALS * Spot gold was down 0.1% at $1,650.75 per ounce, as of 0125 GMT. * U.S. gold futures were up 0.1% at $1,657.30. * The dollar index was … Read more

Gold slides as U.S. inflation data boosts rate-hike bets

Gold slides as U.S. inflation data boosts rate-hike bets

Gold prices fell on Friday, adding to the weekly decline, as a hotter-than-expected U.S. inflation reading cemented bets of another hefty Federal Reserve interest rate hike next month. FUNDAMENTALS * Spot gold fell 0.3% to $1,660.10 per ounce, as of 0123 GMT. * U.S. gold futures dropped 0.6% to $1,666.80. * The dollar index was … Read more

Gold trades at a discount in India. Should you buy the yellow metal now as the festive season kicks off?

Gold trades at a discount in India. Should you buy the yellow metal now as the festive season kicks off?

Gold prices in India have dropped to a discount for the first time in the month, according to a Reuters report. The prices of yellow metal have been tumbling lately in both domestic and global markets. Local gold dealers have been offering a discount of up to $2.5 per ounce over the official domestic prices, … Read more

Gold price drops to multi-month lows; time to buy the dip?

Gold price drops to multi-month lows; time to buy the dip?

Precious metals, which rallied in the first half of the current calendar, have lost steam. They have seen deep cuts over the last few weeks, barely holding the key psychological levels. Market experts said the interest rate hikes amid inflationary pressures have dented the appeal of the safe-haven metal. Silver slipped below the Rs 55,000 … Read more

Gold dips after US inflation data sparks jumbo rate hike concerns

Gold dips after US inflation data sparks jumbo rate hike concerns

Gold prices slipped on Thursday, as Treasury yields and the dollar rose, with bullion’s outlook hurt by fears the Federal Reserve could go for a more aggressive interest rate hike this month, after data showed U.S. inflation sky-rocketed in June. FUNDAMENTALS Spot gold fell 0.4% to $1,728.39 per ounce by 0100 GMT. U.S. gold futures … Read more

Gold inches down as US bond yields bounce back

Gold inches down as US bond yields bounce back

Gold dipped slightly on Tuesday, as a recovery in U.S. Treasury yields from last week’s one-month lows reduced the appeal of non-yielding bullion, with a strong dollar also piling on. FUNDAMENTALS * Spot gold was down 0.1% at $1,807.93 per ounce, as of 0101 GMT. U.S. gold futures rose 0.4% to $1,808.50. * Resuming trade … Read more