Gold futures were in a holding pattern Wednesday, after flipping between small gains and losses earlier in the session, following back-to-back gains that helped the yellow metal bounce from a three-month low. Gold for June delivery GC00, -0.03% GCM22, -0.03% was trading virtually flat at $1,818.70 an ounce on Comex,...
Gold futures lost ground Friday, with the yellow metal on track for a fourth straight weekly decline as a surging U.S. dollar outweighs its attractiveness as a hedge against inflation. Gold for June delivery GC00, -0.82% GCM22, -0.82% fell $12.70, or 0.7%, to $1,811.90 an ounce on Comex, on track for a 3.8% weekly...
Gold futures fell Thursday, trading near a two-month low, as a firm U.S. dollar continued to pressure the metal. Gold for June delivery GC00, -1.70% GCM22, -1.70% fell $18.20, or 1%, to $1,835 an ounce, after bouncing off its lowest close since mid-February in the previous session. July silver SIN22, -3.96% fell 63...
Gold futures edged higher Wednesday, bouncing after the lowest finish in three months, as traders digested a reading on hot inflation. Gold for June delivery GC00, +0.61% GCM22, +0.61% rose $11.50, or 0.6%, to $1,853 an ounce on Comex, after ending Tuesday at its lowest since Feb. 10. July silver SIN22, +0.63% jumped...
Gold futures headed lower Tuesday, a day after a surge in the U.S. dollar saw the yellow metal record its lowest close since February. Gold for June delivery GC00, -0.77% GCM22, -0.77% was down $16.90, or 0.9%, at $1,842 an ounce on Comex. July silver SIN22, -1.15% was down 0.3% at $21.55 an ounce. The ICE U.S....
Gold futures climbed Thursday, a day after Federal Reserve Chair Jerome Powell said the central bank was not planning to hike its benchmark interest rate by 75 basis points at its next meeting. June gold futures GC00, +0.52% GCM22, +0.52% rose $33.50, or 1.8%, to $1,902.30 per ounce. Silver futures SI00 SIN22, +0.44%...
Gold futures edged higher Tuesday, attempting to hold ground after suffering its worst day in two months as it traded near levels last seen in mid-February. Gold for June delivery GC00, +0.38% GCM22, +0.38% was up $5.60, or 0.3%, at $1,869 an ounce after slumping 2.5% on Monday. May silver SIK22, +0.38% rose 0.4% to...
Gold futures traded lower Friday, on track for a weekly loss, pressured by the potential for a more aggressive interest-rate hike by the Federal Reserve to combat rising inflation. “In the last few days, investor focus has turned to rising interest rates and tightening monetary policy, which could run through to the...
Gold futures declined on Thursday, putting the precious metal on track for a third straight decline after closing at a five-week high to begin the week. Gold for June delivery GC00, -0.57% GCM22, -0.57% fell $10.20, or 0.5%, to $1,945.40 an ounce on Comex, leaving it down 1.5% for the week so far. May silver SIK22,...
Gold futures headed lower Wednesday for a second straight session, extending their pullback from the five-week high seen earlier this week. The precious metal is trading at its lowest level in just over a week, and the pullback in prices could be “leading to a buying opportunity for gold bugs,” Michael Armbruster,...
Gold futures rose Wednesday, with bulls attempting to stretch a winning streak for the precious metal to five sessions after data on U.S. wholesale prices revealed a bigger-than-expected rise in March. “Traders know that inflation isn’t going to ease off from its current level overnight, even though we may have seen...
Gold futures rose for a fourth straight day Tuesday to their highest settlement in a month, as U.S. data showed annual inflation climbed above 8% in March for the first time in 40 years. The U.S. rate of inflation in the past year moved up to 8.5% in March from 7.9%, the government said Tuesday. The last time...
