Gold prices slipped on Monday (June 23) even as tensions escalated in West Asia following US airstrikes on Iranian nuclear sites. Investors sought safety in the US dollar, dampening gold’s appeal as a haven asset. At 0341 GMT, spot gold was down 0.2% at $3,362.29 per ounce, while US gold futures dropped to $3,378 an
Gold prices dropped on Friday (June 20) and were on track for their first weekly decline in three weeks. This development came as stronger dollar and reduced expectations of US interest rate cuts outweighed safe-haven demand from escalating geopolitical tensions. Spot gold fell 0.5% to $3,355.49 an ounce, down 2.2% for the week. US gold
Gold prices saw a mild rebound on Tuesday, June 17, as rising geopolitical tensions and investor caution ahead of the US Federal Reserve’s policy meeting lifted safe-haven demand. As of 0418 GMT, spot gold rose 0.2% to $3,388.57 an ounce, recovering some ground after a more than 1% drop on Monday (June 16). US gold
Gold prices continued their upward march on Monday, June 16. They climbed for the fourth straight session to touch the highest level in nearly two months. The rise comes as intensifying clashes between Israel and Iran fuel global anxiety, prompting investors to move towards traditional safe-haven assets. As of 02:46 GMT, spot gold was trading
Gold prices steadied on Wednesday (May 28) as global investors bought the dip after a sharp fall, but gains were capped by easing trade tensions between the US and EU. The market is now keenly awaiting the upcoming US Core Personal Consumption Expenditures (PCE) inflation data, a key gauge for future Federal Reserve rate decisions.
Gold is heading for its strongest weekly gain in over a month, buoyed by mounting concerns about the US fiscal outlook. Investors are turning to the metal as a hedge, following the passage of a massive tax and spending bill in the US House and signs of soft demand in bond auctions. These developments have
Gold prices on Thursday (May 15) hit their lowest level in over five weeks, as easing geopolitical tensions and a shift toward riskier assets weakened the appeal of the safe-haven metal. The focus now shifts to upcoming US economic data, which could further influence the Federal Reserve’s monetary policy outlook. As of 0303 GMT, spot
Gains in silver prices have not matched gold’s dizzying rally.Ravitaliy/Getty Images Gains in silver prices are unlikely to catch up to the gold rally, Goldman Sachs analysts wrote. Central banks’ gold demand has driven the gold-silver price ratio out of its historical range since 2022. Economic uncertainty is fuelling a gold rally. Meanwhile, silver prices
As of Apr 28, the global price of gold is about US$3,338 per ounce (around 28 grams), while in Indonesia it was 1.965 million rupiah (US$117) per gram. This is about a 10 per cent increase compared to one month ago when it was 1.79 million rupiah. Other countries in the region have also reported
Gold prices held firm on Friday (April 25), poised for a third consecutive weekly gain, as investors maintained a bullish stance amid global economic and geopolitical uncertainties. Spot gold was steady at $3,348 an ounce at 0250 GMT. US gold futures rose 0.3% to $3,359 an ounce. The metal hit a record high of $3,500.05