physical gold demand

Gold slips 3% as hawkish Fed comments spark market sell-off

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Gold slips 3% as hawkish Fed comments spark market sell-off

Gold prices dropped 3% on Friday on a broader market sell-off, sparked by hawkish remarks from U.S. Federal Reserve officials, dimming hopes for a December interest rate cut. Spot gold fell 1.9% to $4,092.72 per ounce, as of 02:33 p.m. ET (1933 GMT), after falling over 3% earlier in the session. However, bullion is up … Read more

Gold slips as dollar firms, investors book profit; US data on tap

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Gold slips as dollar firms, investors book profit; US data on tap

Gold prices slipped on Monday as the dollar strengthened and some investors locked in profits after a recent rally, with markets now focused on upcoming U.S. inflation data that could offer insight into Federal Reserve’s interest rate outlook. FUNDAMENTALS * Spot gold was down 0.7% at $3,373.37 per ounce, as of 0137 GMT, after hitting … Read more