Browsing: gold prices

Gold fell to a one-month low on Friday despite weaker-than-expected U.S. jobs data, extending a correction from last month’s stellar rally as investors booked profits while geopolitical risks eased.

Gold prices were poised for a second straight weekly decline, although bullion held nearly steady on Friday as investors remained cautious ahead of the U.S. non-farm payrolls data that could provide cues on the Federal Reserve’s rate cut timeline.

LONDON – Gold prices held steady on Monday as investors waited for the Federal Reserve policy meeting and U.S. non-farm payrolls data due this week for policy clues.

Gold prices extended their record rally on Monday, supported by speculative buying and continued tensions in the Middle East, which overshadowed strong U.S. job growth in March.

Gold prices were headed for their third straight week of gains on Friday ahead of the much-awaited U.S. non-farm payrolls data, supported by strong safe-haven inflows and prospects for lower U.S. interest rates this year.

Spot gold was up 0.1% at $2,300.53 per ounce Gold surged to a record high on Thursday, as Federal Reserve…

Gold prices drifted lower on Tuesday as the U.S. dollar firmed, while investors await remarks from U.S. Federal Reserve Chair Jerome Powell scheduled to speak after the central bank’s policy meeting wraps up on Wednesday.

Spot gold rose 0.1% to $2,162.10 per ounce, as of 1206 GMT. U.S. gold futures remained unchanged at $2,167.50

Gold prices inched down on Friday, but were on track for their first weekly rise in three as a broadly weaker U.S. dollar and growing tensions in the Middle East lifted bullion’s appeal.

Gold prices were subdued on Friday, hurt by a stronger dollar and higher Treasury yields, while investors looked ahead to next week’s U.S. inflation reading for clues on when the Federal Reserve could begin cutting interest rates.