Gold prices edged higher on Monday, as the U.S. dollar pulled back despite mounting hopes that a major U.S. tax reform can be passed before the end of the year. Comex gold futures were up $2.10 or about 0.16% at $1,259.70 a troy ounce by 03:00 a.m. ET (07:00 GMT), just off Friday’s one-and-a-half week high of […]
Gold prices were hovering near one-week highs on Friday, as fresh concerns over U.S. tax reform plans weighed on the dollar and as markets were still digesting the Federal Reserve’s latest policy statement. Comex gold futures were up $1.80 or about 0.15% at $1,258.90 a troy ounce by 03:00 a.m. ET (07:00 GMT), just off a one-week […]
Gold rose to a one-week high on Thursday as the Federal Reserve raised interest rates amid growing concern that inflation is stagnating. Comex gold futures rose 0.74% to $1,257.80 a troy ounce as of 4:57 AM ET (09:57 AM GMT). The Federal Open Market Committee on Wednesday raised rates for the third time in 2017 as expected, […]
Crude prices were higher in early dealings on Wednesday, bouncing back from the prior session’s losses amid speculation weekly supply data due later in the day will show a sizable decline in U.S. oil supplies. The U.S. Energy Information Administration will release its official weekly oil supplies reportfor the week ended Dec. 8 at 10:30AM ET […]
Gold prices sank to a four-month low in early dealings on Thursday, as optimism towards U.S. lawmakers’ making progress on tax legislation continued to grow while fears over a potential government shutdown receded. Comex gold futures were at $1,260.80 a troy ounce by 3:05AM ET (0805GMT), down $5.50, or about 0.4%, from the last session’s closing price. […]
Gold prices drifted higher on Monday, as investors looked ahead to a busy week of Federal Reserve speakers for fresh clues on the likely trajectory of monetary policy. Comex gold futures inched up $4.70, or about 0.4%, to $1,292.02 a troy ounce by 3:05AM ET (0805GMT). Gold futures finished modestly lower in an abbreviated session on Friday […]
Crude prices were a bit lower on Monday, as energy markets looked ahead to this week’s Organization of Petroleum Exporting Countries’ (OPEC) highly-anticipated meeting to see whether major producers plan to extend their current production-cut agreement. U.S. West Texas Intermediate (WTI) crude futures lost 57 cents, or about 1%, to $58.38 a barrel by 3:40AM ET (0840GMT). It rose […]
Gold prices were little changed on Friday, as the U.S. dollar began to mildly recover from sharp losses posted in the previous session, although the minutes of the Federal Reserve’s latest policy meeting continued to weigh on the greenback. Comex gold futures were little changed at $1,291.23 a troy ounce by 03:00 a.m. ET (07:00 GMT). Trade volumes were […]
Gold prices were higher in early dealings on Wednesday, extending gains from the last session as investors looked ahead to minutes of the Federal Reserve’s latest policy meeting for further hints on the likely trajectory of monetary policy in the U.S. in the months ahead. Comex gold futures were up about $2.00, or around 0.2%, to $1,283.53 […]
Gold prices were higher in early dealings on Tuesday, rebounding from its biggest one-day percentage drop in more than two-months as investors awaited fresh signals about the likely trajectory of monetary policy in the U.S. in the months ahead. Traders were also keeping an eye on safe-haven demand for the precious metal after U.S. President […]
