Gold dips as US-China trade war fears ease

Temitayo AyetotoMarch 26, 2018

Gold, Dollar

Gold prices inched lower Monday from a 5-week high hit earlier in the session, on profit-taking and as fears of a US-China trade war eased following reports of negotiations among two of the world’s leading economies. Spot gold was down 0.1 percent at $1,346.01 per ounce, as of 0836 GMT. Earlier in the session, gold […]

Gold prices hold steady as U.S. dollar mildly weakens

Businessam StaffMarch 12, 2018

Gold, Dollar

Gold prices held steady on Monday, as the U.S. dollar mildly weakened after broadly strengthening thanks to Friday’s upbeat U.S. nonfarm payrolls report. Comex gold futures were little changed at $1,323.1 a troy ounce by 07:00 GMT. The dollar initially strengthened after the Labor Department reported on Friday that the U.S. economy added 313,000 jobs […]

Global gold prices gain as trade war fears weigh on dollar, equities

Businessam StaffMarch 7, 2018

Gold prices inched up on Wednesday to their highest in a week as the dollar weakened and equities dropped after US President Donald Trump said he would push ahead with punitive tariffs on imports, rekindling fears of a potential trade war. Spot gold rose 0.1% to $1,335.02 per ounce by 8.44am, having hit $1,340.42 an […]

Gold prices move lower on Powell remarks

Businessam StaffFebruary 27, 2018

Gold prices moved lower on Tuesday, as comments by Federal Reserve Chairman Jerome Powell pushed the U.S. dollar higher despite the release of downbeat data on U.S. durable goods orders. Comex gold futures were down 0.13% at $1,331.9 a troy ounce by 08:35 a.m. ET (12:35 GMT). The greenback was boosted after Fed Chair Jerome Powell reiterated on […]

Gold Prices at 1-week lows as dollar remains supported

Businessam StaffFebruary 21, 2018

Gold prices fell to one-week lows on Wednesday, as strength in the U.S. dollar continued to weigh, although caution ahead of the minutes of the Federal Reserve’s latest meeting and uncertainty surrounding a big U.S. debt auction this week was expected to limit the greenback’s gains. Comex gold futures were down 0.09% at $1,333.0 a troy ounce […]

Gold price drops on U.S dollar index recovery after three year low

Businessam StaffFebruary 19, 2018

By Remilekun Davies & Ademola badmus Gold slipped as the U.S. dollar index, which measures the currency’s strength against a trade-weighted basket of six major currencies, rose up off a three-year low on Friday ahead of U.S cash equity market open. A number of factors including firming inflation and a fall in retail sales and […]

Gold prices slip, pull away from 2-1/2 week highs

Businessam StaffFebruary 15, 2018

Gold prices slipped on Thursday, pulling away from the previous session’s two-and-a-half week highs posted after mixed U.S. economic reports dampened expectations for a more aggressive rate hike policy by the Federal Reserve. Comex gold futures were down 0.18% at $1,355.6 a troy ounce by 02:05 a.m. ET (06:05 GMT), after climbing to a two-and-a-half […]

Gold edges higher at start of busy week

Businessam StaffFebruary 12, 2018

Gold

Gold prices edged higher on Monday, as market players looked ahead to a busy week of economic data, including monthly inflation indicators, for further clues on how fast the Federal Reserve will raise interest rates this year. Comex gold futures were up around $8.00, or 0.6%, at $1,323.50 a troy ounce by 3:55AM ET (0855GMT). […]

Gold drops to 4-week low as stock markets settle

Businessam StaffFebruary 8, 2018

Gold

Gold posted losses in Wednesday’s session. In North American trade, the spot price for an ounce of gold was $1318.19, down 0.47% on the day. On the release front, there are no major US events on the schedule. It’s been a volatile week for stock markets across the world, and this has triggered strong movement in […]