Gold advanced — after its first back-to-back weekly loss this year — as investors mulled an uncertain outlook for global trade and the US economy ahead of a Federal Reserve rate decision this week. Bullion traded above $3,260 an ounce, after falling 2.4% last week. The Fed is widely expected to hold rates steady when
NEW YORK (AP) — As economic uncertainty deepens worldwide, gold prices have notched more and more record highs. That’s because gold sales can rise sharply when anxious investors seek “safe havens” for parking their money. Gold’s current rally arrives as U.S. President Donald Trump continues to announce new tariffs on economic allies and foes alike,
(Bloomberg) — Gold dropped as the dollar pushed higher after President Donald Trump said 25% tariffs on Canada and Mexico are on track to go into place on March 4. Most Read from Bloomberg Trump also said he would impose an additional 10% tax on Chinese imports, moves that would deepen his fight with the
Gold Rate Today Live Updates: Gold prices traded higher on Friday as investors awaited US Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Symposium for more cues on the scale of interest rate cut in September policy. MCX gold rate opened above ₹71,400 per 10 grams level, while Silver prices rose above ₹84,030
Gold prices dropped over 1% on Thursday, weighed down by a strengthening dollar and rising Treasury yields, as traders awaited Federal Reserve Chair Jerome Powell’s speech for further insights on potential rate cuts. As of 12:14 p.m. ET (1614 GMT), spot gold fell 1.2% to $2,483 per ounce, following a record high of $2,531.60 on
Gold prices dropped in a volatile trading session on Wednesday after data revealed that U.S. consumer prices rebounded as anticipated in July. This dampened expectations for a significant rate cut by the Federal Reserve next month. Spot gold declined by 0.4% to $2,455.91 per ounce by 1338 GMT, while U.S. gold futures fell 0.5% to
Gold prices struggled for momentum on Monday as investors looked forward to a key inflation report that could shed more light on the US central bank’s next policy move. Spot gold eased 0.13% to $2,427.86 per ounce by 0352 GMT, trading in a narrow $10 price range. US gold futures slipped 0.3% to $2,466.40. “I
By Kavya Balaraman and Anjana Anil (Reuters) – Gold prices gained on Wednesday, as investors awaited a key U.S. inflation data later this week, which could provide more clues on the Federal Reserve’s policy path. Spot gold was up 0.5% at $2,189.89 per ounce as of 1:50 p.m. EDT (1750 GMT). U.S. gold futures settled