Gold approaches $4,400 as softening US data cools rate hike concerns
Gold moved toward $4,400 an ounce after weaker US consumer sentiment and retail sales figures lowered the perceived risk of immediate Federal Reserve interest rate hikes.
Gold Market
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Daily movements in the gold market and what is driving them.
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Gold advances towards $4,400 as cooling US data curbs rate hike bets
Gold prices climbed towards $4,400 an ounce after weaker US economic data, including a drop in retail sales and softer inflation, diminished expectations of further Federal Reserve rate hikes.
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Gold dips towards $4,365 as dollar recovers after US inflation data
Gold prices dropped 1% to trade near $4,365 per ounce on Thursday as the US dollar recovered ground, despite signs of slowing factory inflation and higher jobless claims.