Gold poised for worst week in 3 years as US dollar rallies
Gold prices steadied near the previous session's two-month lows on Friday and were poised for their worst weekly performance in over three years as a rallying U.S. dollar and expectations of less aggressive interest rate cuts by the Federal Reserve pressured the precious metal.
Gold slumps to 2-month low as dollar marches on; Fed signals in focus
Gold fell for a fifth straight session on Thursday to hit its lowest level in eight weeks, pressured by a stronger U.S. dollar and rising Treasury yields amid uncertainty over the pace of the Federal Reserve's interest rate cuts.
Markets are dismissing gold as a hedge against inflation, despite Trump's policies potentially raising US inflation.
Gold's skid occurred alongside the dollar's biggest weekly gain in more than a month while U.S. bond yields jumped after Fed ...
Gold prices fell for a second straight session on Monday, while investors prepared for U.S. economic data and comments from ...
In India, the price of 10 grams of 24-carat gold in Delhi dropped to Rs 75,813 on Friday, a significant decrease of Rs 1,200 ...
Gold futures are broadly flat at $2,573.00 a troy ounce, stabilizing after more than a week of losses. Futures are down 4.9% for the week. Gold has been weighed down by a rising U.S. dollar, ...
This, along with the FOMC easing expectations, should push real rates lower and benefit the gold price," he added. The ...
Explore how a surging dollar and rising interest rates could threaten gold's recent rally and impact its future performance.
Gold was steady as investors waited for initial results in a closely fought US election that could prove massively ...
(Reuters) - Gold prices extended losses on Thursday, nearing a two-month low pressured by a strong U.S. dollar, while ...
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