Gold traded near its record high, on course for a monthly gain, ahead of US inflation data this week that may help to clarify the pace at which the Federal Reserve will ease policy. Bullion edged higher, hovering around $2,520 an ounce after declining on Wednesday. Figures due Friday are expected to show the three-month annualized rate of…
Gold prices slipped on Wednesday as the dollar ticked up, while investors awaited a key U.S. inflation report due this week for more clarity on the size of a likely September rate cut. Spot gold fell 0.6% to $2,509.75 per ounce by 0749 GMT. Bullion hit a record high of $2,531.60 on Aug. 20. U.S….
Gold prices firmed on Monday, nearing its recent record high, amid solid bets of a September interest-rate cut following dovish signals from Federal Reserve Chair Jerome Powell and safe-haven demand due to geopolitical risks in the Middle East. Spot gold rose 0.3% to $2,518.47 per ounce at 01:45 p.m. ET (1742 GMT), just shy of…
Gold prices held ground on Monday, buoyed by a weaker dollar and Treasury yields after U.S. Federal Reserve Chair Jerome Powell’s dovish remarks cemented expectations for a September rate cut. Spot gold was steady at $2,510.75 per ounce, as of 0544 GMT, after gaining more than 1% in the previous session. U.S. gold futures were…
Gold held a decline, after markets pared wagers on steep US interest-rate cuts ahead of a speech by Federal Reserve Chair Jerome Powell that may provide fresh clues on the central bank’s monetary-policy path. Focus is now on Powell’s address later Friday at the annual Jackson Hole symposium in Wyoming. Lower rates are generally positive for non-interest bearing…
Gold held near a record as traders looked ahead to Federal Reserve Chair Jerome Powell’s speech Friday, which will come after a downward revision of US payrolls bolstered expectations the central bank will cut interest rates in September. Bullion has been trading in a relatively narrow range this week near Tuesday’s all-time high and remained above $2,500 an ounce…
