Gold Gains as U.S., Iran Pause Fighting Over Weekend
Gold rose in early Asian trade. The metal likely found some relief as oil prices retreated, bond yields inched lower and the dollar softened, Kudo.com said.
Wall Street cautious after gold's lack of follow-through, Main Street bullish with Fed decision on deck
The latest Kitco News Weekly Gold Survey showed Wall Street bearish or undecided on gold's near-term prospects, while Main Street sentiment remained improved after the yellow metal defended $4,000 support once again.
Gold holds near $4,050 as equities diverge, oil falls - Kitco PM Report
Spot gold and silver prices are modestly higher in late-afternoon U.S. trading Friday, as crude oil pulled back from Thursday's spike, Treasury yields eased and the U.S. dollar held near recent highs. At the time of writing, spot gold was trading near $4,052.70 an ounce, up 0.08%, while spot silver was trading near $58.16, up 0.87% on the session.
Gold continues to hold $4,000, which could signal an inflection point, analysts say
Gold has managed to hold critical support near $4,000 an ounce for the past five consecutive weeks, and although significant downside risks remain, some analysts see growing potential for a bullish shift in the market.
China's June gold imports hit fresh two-year high of 173 tonnes as lower prices boost demand
China's gold imports set a fresh two-year high in June, with the plunge in international gold prices making the yellow metal even more attractive in the world's biggest market for bullion.
Gold Price Forecast: Why Gold's Recovery Suddenly Stalled
Metals and mining stocks continue to carve out important lows, similar to the pattern seen in 2006 before their longer-term uptrends resumed.
Spot gold spikes to $4,070/oz high as U.S. new home sales rise 1.6% in June
Gold prices are trading near their session highs on Friday morning after the latest data showed the U.S. housing market improving in June.New home sales rose 1.6% last month, lower than the expected 3.4% increase, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development announced.
Gold holds above $4,020 as Fed-rate risk caps rebound - Kitco AM Report
Spot gold and silver prices are higher ahead of the North American market open Friday, as precious metals steadied after Thursday's selloff while traders weighed a stronger U.S. labor-market signal, the ECB's rate hold, elevated crude oil prices and firm Treasury yields. At the time of writing, spot gold was trading near $4,055.00 an ounce, up 0.16%, while spot silver was trading near $58.31, up 1.35% on the session.
China is winning the war in the Middle East, and gold and the dollar will start to feel it, strategist says
China's resilience in the face of the U.S.-Iranian conflict has one strategist saying that gold will be the big winner and the U.S. dollar the loser from the revolution in the world order.
Gold (XAUUSD) & Silver Price Forecast: Fed Looms Will Gold Rebound Above $4,150?
ECB policy, Fed expectations and resilient central bank demand shape the outlook for gold and silver. Explore today's XAUUSD and XAGUSD forecast.
Gold Declines on Stronger Dollar, Fed Rate Hike Prospects
Gold declined in early Asian trade. The dollar's rebound this week has caught up with the yellow metal, XM said.
Gold falls as oil spike, higher yields pressure metals - Kitco PM Report
Spot gold and silver prices are sharply lower in late-afternoon U.S. trading Thursday, as rising Treasury yields, a firmer U.S. dollar and a renewed crude-oil spike outweighed safe-haven demand tied to the U.S.-Iran conflict. At the time of writing, spot gold was trading near $4,047.80 an ounce, down 1.98%, while spot silver was trading near $57.64, down 3.46% on the session.
