Gold steady ahead of US payrolls data after Thursday’s 2% jump
Spot gold held at $4,469.26 on Friday after a 2% rally on Thursday. Traders now await US payrolls data for clues on the Federal Reserve’s next rate decision.
Gold Market
Tagged: gold price
Gold jumps over 2% as Fed’s Waller signals support for rate pause
Gold price jumped more than 2% on Thursday after Fed Governor Christopher Waller signalled he would support keeping rates unchanged if disinflation continues. Mixed US data and a weaker dollar added to the rally.
Central banks bought 23 tonnes of gold in July, led by China and Poland
Central banks net purchased 23 tonnes of gold in July, led by China (20t) and Poland (8t). Year-to-date purchases total 130 tonnes, lower than 160t a year ago. Russia sold 6t.
Gold jumps 1.1% as dollar and yields retreat ahead of US jobs data
Spot gold rose 1.1% to $4,434.70 on Thursday as the US dollar and Treasury yields slipped. Markets await Friday's nonfarm payrolls data for clues on the Fed's next rate move.
Gold holds gains after Trump signals short Middle East conflict
Gold steadied near $4,387 an ounce after President Trump signalled no prolonged Middle East war, easing inflation concerns. A softer dollar and mixed jobs data also supported the metal.
Gold treads water before US jobs data
Gold prices held steady in early Asian trade on Thursday as investors awaited US nonfarm payrolls data that could influence the Federal Reserve's next policy move.
Gold climbs above $4,370 as yen intervention talk weakens dollar
Gold rose over 1% to $4,373 on Wednesday, supported by a weaker US dollar amid speculation of Japanese yen intervention. Weak ADP jobs data and steady Treasury yields also influenced the market.
Gold steadies above $4,300 but rate-hike expectations weigh
Gold has climbed back above $4,300 after a sharp 2.7% fall, helped by a pullback in Treasury yields, though rising Fed rate-hike bets and a firmer dollar cap the rebound.
Gold slips to two-week low as oil-driven inflation fears hit rate-cut hopes
Gold fell to a two-week low below $4,300/oz as higher oil prices revived US inflation concerns and reduced expectations of near-term Fed easing. ING strategists note profit-taking but see medium-term support from rate expectations, central bank buying and geopolitical uncertainty.