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Gold prices rose in European trade on Tuesday for the third straight session, hitting a record high above $2350 as US treasury yields slowed down. Now markets await important US inflation data in addition to the Federal Reserve’s last meeting’s minutes to look for fresh clues on the future of...
Gold prices rose on Monday in European trade to fresh record highs, as prices stabilize above the $2300 barrier on strong haven demand as geopolitical tensions in the Middle East mount. Such considerations overshadowed a recent surge in US 10-year treasury yields, which usually pressure non-yielding assets such as gold....
Gold prices fell in European trade on Friday away from recent record highs amid active profit-taking, following controversial remarks by a Fed official. Such remarks cast doubts on the chances of a US interest rate cut in June, as investors now await the crucial US payrolls report later today. Nonetheless,...
Gold prices declined in European trade on Thursday for the first time in eight days off record highs on active profit-taking. Gold surpassed $2300 for the first time ever, following bearish remarks by Fed Chair Jerome Powell’s which boosted the odds of a US interest rate cut in June. Now...
Gold prices fell in European trade on Wednesday for the first time in seven days away from recent record highs amid active profit-taking, while investors hold off major positions ahead of the Fed Chair Jerome Powell’s speech about the future of US interest rates. Bearish remarks will boost the odds...
Gold prices rose on Tuesday as the dollar lost ground against most major rivals, while US treasury yields advanced. US 10-year treasury yields rose by 6.2 basis points to 4.39%, while two-year yields stabilized at 4.722%. Fed Chair Jerome Powell said in a San Francisco conference that policymakers shouldn’t rush...
Gold Price Movement Gold prices fell in European trade on Tuesday for the first time in six days off record highs on active profit-taking. Factors Affecting Prices Prices are pressured by the dollar’s spike in recent days, in addition to gains by US treasury yields following strong US inflation data,...
Gold Prices and Market Analysis Gold prices surged to record highs, bolstered by bearish remarks from Fed Chair Jerome Powell. Expectations of an early Fed interest rate cut in June boosted the appeal of gold futures. Gold's surge above $2000 projected estimations of $2300-$2500 price ranges this year by several...
Gold Prices Gold prices rose on Thursday to fresh record highs while the dollar eked out gains against major rivals, with the precious metal marking a quarterly profit. US Economic Data Earlier US data showed GDP growth at 3.4% in the fourth quarter of 2023, beating estimates of 3.2%. US...
Gold prices rose on Wednesday as markets await important US data this week while the dollar trades flat against most rivals. Markets await US GDP growth data tomorrow for the fourth quarter of 2024, expected to clock in at 3.2%. Investors also look forward to personal spending data, the Fed’s...
Gold prices rose in European trade on Tuesday on track for the second straight profit and heading towards $2200 as the dollar loses ground against major rivals. The dollar is falling on bets the Fed will start cutting US interest rates at the June meeting. Prices Gold Prices rose 0.4%...
Gold prices rose in European trade on Monday, resuming gains after a two-day drop off record highs, with the new gains coming as the dollar declines against major rivals. Investors still expect the Federal Reserve to cut interest rates starting next June, which hurts the appeal of the US currency....