Tag: Gold

Gold rallied toward a record as expectations for Federal Reserve rate cuts grow and traders ramp up bets on a second Donald Trump presidency.

Gold Fields on Thursday lowered its annual gold production forecast after bad weather impacted the ramp-up at its new Salares Norte mine in Chile, sending its shares down 8%.

Gold prices tumbled on Monday as investors weighed up fading geopolitical tensions eased and investor appetite swung towards stocks and other perceived riskier assets.

Spot gold prices rose to a new record high of $2,110.8 per ounce Monday before giving up some gains.

Gold and oil prices were falling early Thursday as tensions in the Middle East showed some tentative signs of calming.

Gold prices were modestly lower ahead of the release of jobs figures for July, which economists expected would show the U.S. labor market had continued to expand at a relatively robust pace.

Gold prices were slightly firmer Wednesday, trading at their highest levels since June, ahead of the release of the U.S. consumer-price index data that may give investors some insight into the future path of Federal Reserve interest rate rises.

Gold prices headed lower on Monday, after posting a gain last week, as traders awaited a Tuesday inflation report followed by the conclusion of the Federal Reserve’s June policy meeting on Wednesday.

Gold prices edged up Friday, leaving the yellow metal on track to score another weekly rise as the U.S. dollar softened and traders reassessed expectations for a Federal Reserve interest-rate hike next week.

(Bloomberg) — The US has sanctioned some of Russia’s biggest gold miners, as it imposes fresh penalties on the country’s metals and mining sector.

Gold prices traded lower again on Friday following two sessions of losses as a stronger U.S. dollar took some of the shine off the yellow metal, prompting some analysts to speculate about an end — or perhaps a pause — for what has been a multi-month rally.