Gold prices edged higher on Thursday, as investors remained cautious ahead of an expected clarification by U.S. President Donald Trump on his proposed tariffs. Comex gold futures were up 0.11% at $1,329.0 a troy ounce by 0205 a.m. ET (06:05 GMT). U.S. President Donald Trump was expected to give more details later Thursday on his […]
The dollar stabilized against the other major currencies on Thursday as concerns over prospects for a global trade war eased, while the euro was little changed as markets awaited a European Central Bank meeting later in the day. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was […]
Gold prices edged higher on Tuesday, as sentiment on the greenback remained vulnerable amid uncertainty surrounding U.S. tariffs on steel and aluminum imports as well as elections in Italy. Comex gold futures were up 0.20% at $1,322.5 a troy ounce by 02:40 a.m. ET (06:40 GMT). Investors were cautious as U.S. President Donald Trump faced […]
The dollar held steady against a basket of the other major currencies on Tuesday as concerns eased over the prospect of a trade war sparked by U.S. President Donald Trump’s proposed steel and aluminum import tariffs. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was steady at […]
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% […]
