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 […]
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 […]
The dollar fell broadly on Thursday, hitting a 15-month low against the yen as U.S. bond yields rose after a report showing that inflation rose at a faster than expected pace last month. USD/JPY was down 0.72% to 106.23 by 03:15 AM ET (08:15 AM GMT), the weakest level since Nov. 11, 2016. The dollar […]
Gold prices continued higher on Wednesday, as investors looked ahead to U.S. inflation data to gauge how it will impact the Federal Reserve’s view on monetary policy in the months ahead. Comex gold futures were up around $6.00, or 0.4%, at $1,335.80 a troy ounce by 3:40AM ET (0840GMT). It reached its best level since […]
Crude prices fell on Wednesday, extending losses into a third session, amid speculation weekly supply data due later in the day will show an increase in U.S. oil and fuel supplies. The U.S. Energy Information Administration will release its official weekly oil supplies report for the week ended Jan. 26 at 10:30AM ET (1530GMT). After […]
Gold prices edged higher on Wednesday, as investors looked ahead to the outcome of the Federal Reserve’s policy meeting, the last under the leadership of Janet Yellen before she hands the chairmanship over to Jerome Powell. Comex gold futures were up around $7.00, or 0.5%, to $1,342.30 a troy ounce by 3:00AM ET (0800GMT). It […]
