Gold prices eased off a two-and-a-half week low on Wednesday, as markets took a breather after comments by Federal Reserve Chair Jerome Powell in the previous session weighed heavily on the precious metal. Comex gold futures were steady at $1,319.5 a troy ounce by 02:00 a.m. ET (06:00 GMT), off Tuesday’s two-and-a-half week low of […]
The dollar hit five-week highs against a currency basket on Wednesday after Federal Reserve Chairman Jerome Powell said the U.S. economic outlook remains bright, bolstering bets on further Fed rate hikes this year. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was up 0.18% to 90.47 by […]
Gold prices fell to one-and-a-half week lows on Thursday, after the minutes of the Federal Reserve’s latest policy minutes pointed to the need for further interest rate hikes, sending the U.S. dollar higher. Comex gold futures were down 0.62% at $1,323.7 a troy ounce by 02:00 a.m. ET (06:00 GMT), the lowest since February 14. […]
The dollar was trading at one-and-a-half week highs against a currency basket on Thursday following overnight gains after minutes of the Federal Reserve’s January meeting underlined expectations for faster hikes in U.S. interest rates. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was at 90.11 by 03:01 […]
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 […]
The dollar edged up to one-week highs against a currency basket on Wednesday, as investors awaited the minutes of the Federal Reserve’s latest policy meeting for fresh indications on the future pace of interest rate hikes. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was up 0.12% […]
Gold prices slipped lower on Monday, pulling away from a three-and-a-half week high as the U.S. dollar remained supported by Friday’s strong U.S. housing sector data. Trading volumes were expected to remain limited as U.S. markets were closed on Monday in observance of Presidents’ Day. Comex gold futures were down 0.37% at $1,351.1 a troy […]
The dollar was steady against a basket of the other major currencies on Monday, remaining supported above last week’s three year lows after a modest bounce higher on Friday. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was unchanged for the day at 89.03 by 03:21 AM […]
Gold prices were hovering at three-and-a-half week highs on Friday, as concerns over the U.S. deficit took over market sentiment and sent the greenback broadly lower. Comex gold futures were up 0.44% at $1,361.1 a troy ounce by 03:00 a.m. ET (07:00 GMT), the highest since January 25. The greenback turned broadly lower due to […]
The U.S. dollar fell to three-year lows against other major currencies on Friday, as fresh concerns over U.S. policies and especially the rising deficit offset optimism sparked by recent U.S. economic reports. The greenback turned broadly lower amid sustained concerns over the deficit in the U.S., which is projected to climb near $1 trillion in […]
