Gold prices inch 0.2% higher on floppy dollar effect

Temitayo AyetotoMay 14, 2018

Gold prices inched higher Monday on subdued dollar as investors considered the prospects of fewer U.S. interest rate increases in 2018. Spot gold was up 0.2 percent at $1,320.45 per ounce, after marking the highest since April 26 at $1,325.96 in the previous session. US gold futures for June delivery were slightly changed at $1,320.50, […]

Gold prices edge up as dollar pulls back after Fed

Businessam StaffMay 3, 2018

Gold, Dollar

Prices of gold moved higher on Thursday, buoyed by a slightly softer dollar but the upside for the precious metal looked likely to remain limited ahead of Friday’s U.S. employment report, which could provide fresh impetus to the dollar. Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were […]

Gold, silver driven down by rallying dollar

Temitayo AyetotoApril 30, 2018

The recent solid rally in the U.S. dollar index has driven gold prices down to a five-week low in early U.S. trading on Monday. Silver prices were also weaker and hit a three-week low overnight as the rally continued to curtail buying interest in the precious metals markets. June Comex gold futures were last down […]

Gold prices lower as U.S. stock futures rise

Businessam StaffApril 9, 2018

Gold, Dollar

Gold prices were lower Monday as gains in U.S. stock futures and a firmer dollar dampened demand for bullion, despite simmering trade tensions between the U.S. and China. Gold futures for June delivery on the Comex division of the New York Mercantile Exchange fell $3.20 or 0.24 percent to $1,333.00 a troy ounce by 08:15 […]

Gold prices decline further as U.S. stock futures rise

Businessam StaffApril 3, 2018

Gold

Gold prices moved lower on Tuesday, trimming some of the previous day’s gains as U.S. stock futures pointed to a recovery on Wall Street following Monday’s selloff, dampening safe-haven demand for bullion. Gold futures for June delivery on the Comex division of the New York Mercantile Exchange fell $5.60 or 0.42% to $1,341.10 a troy […]

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 […]