Gold advances on softer dollar as traders await US inflation data
Gold prices gained on Tuesday after falling over 1% in the previous session, as the dollar eased ahead of key U.S. inflation data.
Source: reuters.com
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Gold falls below $2,000 as U.S. jobs growth lifts dollar
Gold retreated below the key $2,000 level on Monday as the dollar advanced on Friday's strong U.S. jobs numbers, while traders also positioned for inflation readings this week that could influence interest rate hikes.
Source: reuters.com
Gold hovers near 2020 record highs on softer dollar, weak US data
Gold prices edged higher on Wednesday to touch their highest levels since March 2022 after weak U.S. economic data spurred safe-haven demand and expectations that the Federal Reserve might loosen its monetary policy trajectory.
Source: reuters.com
Gold prices ease as US dollar regains some ground
Gold prices edged lower on Tuesday as traders assessed the likely path of the Federal Reserve's monetary policy after data showed a slump in U.S. manufacturing activity and as OPEC+'s production cut sparked inflationary risks.
Source: reuters.com
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Gold prices pare losses on rate hike bets after OPEC+ cut
Gold prices bounced back on Monday as the dollar trimmed its initial gains that were driven by bets that OPEC's surprise output cuts could jack up global energy prices and force central banks to hike interest rates.
Source: reuters.com