Gold prices reached all-time highs on Wednesday, bucking the trend of a rising dollar, which put additional pressure on both the yen and the euro. Meanwhile, global stocks dipped as investors hesitated to make significant investments in light of the upcoming U.S. election. As of 0748 GMT, spot gold was trading at $2,754.25 per ounce, … Read more
Gold prices declined as the dollar strengthened and Treasury yields rose, driven by an unexpected increase in U.S. retail sales in March, on Monday. This development raised concerns that the Federal Reserve might postpone interest rate cuts for the year. Spot gold saw a 0.5 per cent decrease, reaching $2,332.97 per ounce as of 10:18 … Read more
Gold prices surged to achieve a fresh all-time high on Friday, propelled by various factors such as expectations of a U.S. interest rate cut, speculative purchasing, and central bank acquisitions, sustaining the ongoing upward momentum of bullion despite robust job growth in the United States during March. As of 10:57 a.m. EDT (1456 GMT), spot … Read more