Gold, silver driven down by rallying dollar

Temitayo AyetotoApril 30, 2018

The recent solid rally in the U.S. dollar index has driven gold prices down to a five-week low in early U.S. trading on Monday. Silver prices were also weaker and hit a three-week low overnight as the rally continued to curtail buying interest in the precious metals markets. June Comex gold futures were last down […]

Gold prices lower as U.S. stock futures rise

Businessam StaffApril 9, 2018

Gold, Dollar

Gold prices were lower Monday as gains in U.S. stock futures and a firmer dollar dampened demand for bullion, despite simmering trade tensions between the U.S. and China. Gold futures for June delivery on the Comex division of the New York Mercantile Exchange fell $3.20 or 0.24 percent to $1,333.00 a troy ounce by 08:15 […]

Gold prices decline further as U.S. stock futures rise

Businessam StaffApril 3, 2018

Gold

Gold prices moved lower on Tuesday, trimming some of the previous day’s gains as U.S. stock futures pointed to a recovery on Wall Street following Monday’s selloff, dampening safe-haven demand for bullion. Gold futures for June delivery on the Comex division of the New York Mercantile Exchange fell $5.60 or 0.42% to $1,341.10 a troy […]

Gold dips as US-China trade war fears ease

Temitayo AyetotoMarch 26, 2018

Gold, Dollar

Gold prices inched lower Monday from a 5-week high hit earlier in the session, on profit-taking and as fears of a US-China trade war eased following reports of negotiations among two of the world’s leading economies. Spot gold was down 0.1 percent at $1,346.01 per ounce, as of 0836 GMT. Earlier in the session, gold […]

Gold prices hold steady as U.S. dollar mildly weakens

Businessam StaffMarch 12, 2018

Gold, Dollar

Gold prices held steady on Monday, as the U.S. dollar mildly weakened after broadly strengthening thanks to Friday’s upbeat U.S. nonfarm payrolls report. Comex gold futures were little changed at $1,323.1 a troy ounce by 07:00 GMT. The dollar initially strengthened after the Labor Department reported on Friday that the U.S. economy added 313,000 jobs […]

Global gold prices gain as trade war fears weigh on dollar, equities

Businessam StaffMarch 7, 2018

Gold prices inched up on Wednesday to their highest in a week as the dollar weakened and equities dropped after US President Donald Trump said he would push ahead with punitive tariffs on imports, rekindling fears of a potential trade war. Spot gold rose 0.1% to $1,335.02 per ounce by 8.44am, having hit $1,340.42 an […]

Gold prices move lower on Powell remarks

Businessam StaffFebruary 27, 2018

Gold prices moved lower on Tuesday, as comments by Federal Reserve Chairman Jerome Powell pushed the U.S. dollar higher despite the release of downbeat data on U.S. durable goods orders. Comex gold futures were down 0.13% at $1,331.9 a troy ounce by 08:35 a.m. ET (12:35 GMT). The greenback was boosted after Fed Chair Jerome Powell reiterated on […]

Gold Prices at 1-week lows as dollar remains supported

Businessam StaffFebruary 21, 2018

Gold prices fell to one-week lows on Wednesday, as strength in the U.S. dollar continued to weigh, although caution ahead of the minutes of the Federal Reserve’s latest meeting and uncertainty surrounding a big U.S. debt auction this week was expected to limit the greenback’s gains. Comex gold futures were down 0.09% at $1,333.0 a troy ounce […]

Gold price drops on U.S dollar index recovery after three year low

Businessam StaffFebruary 19, 2018

By Remilekun Davies & Ademola badmus Gold slipped as the U.S. dollar index, which measures the currency’s strength against a trade-weighted basket of six major currencies, rose up off a three-year low on Friday ahead of U.S cash equity market open. A number of factors including firming inflation and a fall in retail sales and […]