Gold prices rebounded on Friday, recovering from a nearly one-week low recorded in the previous session, as investors awaited key US inflation data for guidance on the Federal Reserve’s interest rate path. Spot gold rose 0.6 per cent to $4,949.99 per ounce by 06:26 GMT, while US gold futures for April delivery climbed 0.4 per […]
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Gold rises above $5,000 as investors await U.S. jobs data
Gold prices extended rises on Monday, trading just above the $5,000-per-ounce mark, as the U.S. dollar weakened and investors awaited key labour market data to gauge the future trajectory of interest rates. Read More: Gold rises, silver volatile as global markets tumble Spot gold rose 1.3% to $5,026.04 per ounce by 0333 GMT, following a […]
Gold rises, silver volatile as global markets tumble
Gold prices climbed while silver experienced sharp swings on Friday amid a global stock market rout and increased margin requirements by CME for precious metals. Spot gold surged 2.3% to $4,879.45 per ounce by 05:52 GMT, marking a modest 0.3% gain for the week. Meanwhile, US gold futures for April delivery added 0.2% to $4,897.20 […]
Gold Eighth Weekly Gain on Rate Cut Bets and Geopolitical Tensions
SINGAPORE – Gold prices held steady below the $4,000 per ounce mark on Friday, poised to log their eighth consecutive weekly gain as global investors weighed geopolitical tensions, inflation pressures, and growing expectations of more US rate cuts. At 0514 GMT, spot gold slipped 0.1% to $3,971.43 per ounce, while US gold futures for December […]