Gold remained under pressure on Friday, falling to its lowest level of 2023 after the January PCE report showed a stronger-than-expected increase in prices, a sign that the Federal Reserve may have to continue its aggressive rate hike and monetary tightening to combat inflation. Gold futures were on track for a five-day losing streak after…
Gold futures declined on Tuesday, with expectations for more interest-rate hikes by the Federal Reserve and strength in the U.S. dollar and Treasury yields prompting prices for the precious metal to reduce their gain for the year. Price action Gold for April delivery GC00, -0.41% GCJ23, -0.41% fell $7.70, or 0.4%, to settle at $1,842.50…
Gold prices traded marginally lower on Monday after falling for a second-straight week as expectations that the Federal Reserve might push interest rates even higher have weighed on the yellow metal while boosting Treasury yields and the U.S. dollar. Price action Gold for April delivery GC00, -0.41% GCJ23, -0.41% fell $1.40, or 0.1%, to $1,873…
Gold prices headed lower on Thursday, pulling back from their highest levels in nine months and may post their first decline in six sessions, after a stronger-than-expected U.S. GDP report. Price action Gold prices for February GC00, -0.66% GCG23, -0.66% fell by $8, or 0.4%, to $1,934.60 per ounce on Comex after settling at the…
Gold futures traded lower on Monday as traders being a week that includes a report on inflation and multiple central-bank meetings where interest-rate hikes could diminish the yellow metals’ appeal to investors. Price action February gold GC00, -0.58% GCG23, -0.58% was down $6.50, or 0.4%, at $1,804.20 per ounce on Comex, according to FactSet…
Gold prices edged higher on Friday, on track to mark their highest finish in just over a week, after the U.S. November producer-price inflation came in slightly higher than expected. Price action What’s happening U.S. producer price inflation came in slightly stronger than expected in November, confounding the market’s expectations for a more pronounced drop…
Gold prices were flat on Thursday after tallying back-to-back gains as the recent rally again stalled out right around the $1,800 per ounce level. Price action February gold GC00, +0.29% GCG23, +0.29% was flat at $1,797 per ounce on Comex. Silver for March SI00, +1.26% SIH23, +1.26% delivery added 1 cent, or less than…
Gold prices headed lower in Monday trading as traders eyed burgeoning civil unrest in China and this week’s U.S. economic data for clues on the next moves on interest rates by the Federal Reserve. Price action Gold for December delivery GCZ22, -0.70% was down $7, or 0.4%, at $1,747 per ounce on Comex. February Gold…