Gold price holds near $4,400 as mixed signals keep traders cautious
Gold opens the week near $4,400, caught between rate hike fears from strong US jobs data and support from a stable dollar. Technical indicators suggest consolidation.
Gold Market
Tagged: us dollar
Gold price slips further after strong US jobs report fuels rate hike bets
Gold extended its weekly losses on Friday, falling another 0.80% as the US dollar and bond yields rose on bets that the Fed could raise rates in September.
Gold jumps 2% after Fed’s Waller signals rate hold on cooling inflation
Gold prices jumped more than 2% after Fed Governor Christopher Waller signalled support for keeping rates unchanged if inflation continues to cool. Lower Treasury yields and a weaker dollar added to the rally.
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 and silver rise for second day as dollar weakens and yields ease
Gold and silver prices rose for a second straight session on MCX as the US dollar weakened and bond yields eased. Investors now await US nonfarm payrolls data.
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 hits two-week low as Treasury yields and dollar strengthen
Gold prices dropped to a two-week low on Wednesday, pressured by rising Treasury yields and a strengthening dollar. Market attention now turns to upcoming US jobs data for signals on interest rates.
Gold drops more than 3% as Fed’s Warsh comments fuel rate hike bets
Gold fell more than 3% on Friday as Federal Reserve Chair Kevin Warsh’s remarks on inflation boosted expectations for a September interest rate increase. A stronger dollar added to the decline.
Gold rallies 15% in August as ETF inflows and central bank buying boost bullion
Gold has rallied 15% in August, supported by renewed ETF inflows, strong central bank buying, US rate expectations, Treasury buybacks and a weaker dollar.