Gold prices retreated from their record highs on Wednesday as the U.S. dollar strengthened and Treasury yields rose. This movement came in response to a robust inflation report, which tempered speculation about an imminent rate cut in the United States....
6 months agoGold prices traded higher on Thursday, April 11, after softer-than-expected US producer prices data boosted hopes for US interest rate cuts this year, while persistent geopolitical concerns added to the yellow metal's shine. Spot gold rose 0.3 per cent...
6 months agoGold surged past the $2,400 per ounce mark, hitting an unprecedented peak on Friday, marking its fourth consecutive week of gains. Escalating tensions in the Middle East spurred investors to flock to safe-haven assets. At 10:56 a.m. ET (1456 GMT), spot...
5 months agoGold prices declined as the dollar strengthened and Treasury yields rose, driven by an unexpected increase in U.S. retail sales in March, on Monday. This development raised concerns that the Federal Reserve might postpone interest rate cuts for the year...
5 months agoGold prices strengthened due to geopolitical unrest in the Middle East, driving demand for safe-haven assets, on Wednesday. However, hopes for U.S. interest rate cuts waned, limiting further gains. As of 9:40 a.m. ET (1340 GMT), spot gold increased by...
5 months ago