Gold slips below $4,400 as profit-taking and oil prices weigh
Gold dipped under $4,400 per ounce on Tuesday, reversing earlier gains as profit-taking and a broader metals correction outweighed support from diminished Fed tightening expectations.
Gold Market
Tagged: gold price
Gold edges higher for third session as rate-hike fears ease
Gold extended its gains for a third straight session on Wednesday, supported by easing fears of a US rate hike and a weaker dollar. Investors now await the Federal Reserve’s policy minutes for further direction.
Gold recovers 9% as safe-haven demand returns
Gold has climbed 9% from recent lows as investors and central banks rebuild positions. Lower oil prices and softer inflation support the metal, though stalled peace efforts and weak demand could limit gains.
Gold holds above $4,400 as weak US data and Iran tensions weaken dollar
Gold extended its rally above $4,400 as the US dollar hit two-month lows. Weak US jobs and inflation data reduced Fed rate hike bets, while Iranian threats lifted oil and supported safe-haven demand.
Gold climbs above $4,400 as dollar softens on Fed bets
Gold rose more than 1% on Monday to trade near $4,422, helped by a softer US dollar and lower Treasury yields after last week's inflation data reduced expectations of aggressive Fed action.
Gold holds near $4,400 as weak US data offsets geopolitical support for dollar
Gold trades near $4,400 after bouncing from a one-week low of $4,300. Weak US retail sales and consumer sentiment undermine the dollar, but geopolitical tensions and inflation fears cap gains.
Gold miners post second-best quarter ever despite gold price slump
Major gold miners just reported their second-best quarterly results ever, despite gold falling 14.1% in Q2. Near-record profits and a parallel selloff in gold stocks pushed sector valuations to decade lows.
Understanding the LBMA Gold Price Auction and Its Difference from Spot Price
The LBMA Gold Price auction is a twice-daily benchmark-setting process, distinct from the continuously fluctuating spot price of gold.
Gold edges higher as dollar softens and rate hike bets fade
Gold prices edged higher in early Asian trading on Monday, supported by a softer dollar and diminished expectations of a US interest rate hike in September.