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

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

Gold rises as dollar slips, Trump tariff threats fuel safe-haven demand

Gold rises as dollar slips, Trump tariff threats fuel safe-haven demand

Gold prices rose more than 1% on Monday as the dollar weakened and as U.S. Treasury Secretary Scott Bessent reaffirmed President Donald Trump’s tariff threats, boosting safe-haven demand amid renewed trade tensions. FUNDAMENTALS * Spot gold was up 1.4% at $3,247.40 an ounce as of 0025 GMT. U.S. gold futures gained 2% to $3,251.90. * … Read more