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 fell more than 4% in the four days after Election Day, while the broad U.S. stock market climbed nearly 4%.
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, ...
Gold touches lowest price since Sept. 20 US dollar hits more than four-month peak Gold poised to rise with support at ...
Gold's price movements often signal where investors think inflation is heading, even before official numbers come out.
Explore how a surging dollar and rising interest rates could threaten gold's recent rally and impact its future performance.
Gold futures dropped Monday, with strength in the U.S. dollar contributing to the metal’s fall to its lowest price in more ...
(Reuters) - Gold prices extended losses on Thursday, nearing a two-month low pressured by a strong U.S. dollar, while ...
Gold futures plunged after Trump's election victory, as dollar strength deters investors from safe haven assets.
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback