Gold falls early Monday from near a record high above $2,400 an ounce as geopolitical tensions lessen and expectations grew that the Federal Reserve will delay the central bank’s planned interest rate cuts. Gold came under pressure as Israel and Iran refrained from escalating their conflict following tit-for-tat air strikes last week. The prospect of high interest rates is also typically bearish for gold, making it a less attractive alternate investment to things like Treasurys and the dollar, which have been gaining.  Investors await the release of the Fed’s favorite inflation measure at ..read more

Gold steady, little changed early Friday, headed for fifth weekly gain on support from geopolitical risk following an Israeli attack on Iran, but under pressure as the dollar and Treasury yields strengthened on remarks by a Federal Reserve official. The Israeli strike was the first response to Iran’s attack on Israel last weekend, but its scope was unclear. Gold typically attracts haven demand in times of uncertainty. But there was a cap on prices as the dollar and Treasury yields rose on comments from New York Federal Reserve President John Williams that mentioned the possibility of another i ..read more

Gold reclaiming ground this morning near record-highs on concerns that the Middle East conflict could spread to other regions, and short-term support from a falling U.S. dollar. The bullion had dipped Tuesday after Federal Reserve Chairman Jerome Powell indicated it was unlikely that the central bank will cut interest rates anytime soon. Recent inflation reports topped investors’ forecasts, rather than declining toward the Fed’s 2% goal. The dollar climbed and Treasury yields soared to 2024 highs on the remarks. Gains in the dollar and Treasury yields are typically bearish for gold, making the ..read more

Gold pauses after hitting Friday’s record-high as haven demand from geopolitical tensions support the yellow metal even as it came under pressure from investors’ delayed expectations about a Federal Reserve interest rate cut. Iran’s drone strikes against Israel over the weekend added to the flight to safe assets – including gold – by investors and central banks. Gold capped its fourth weekly gain last week. But weak consumer sentiment data on Friday following unexpectedly high inflation reports earlier last week spurred speculation that the Fed will delay its planned interest rate cuts. That k ..read more

Gold surges to a new all-time high above $2,400 an ounce early Friday, headed for its fourth weekly gain driven by haven demand over geopolitical uncertainty and despite this week’s unexpectedly high inflation report. In addition to the conflicts in Ukraine and the Middle East, concerns over the Chinese economy is boosting safe haven buys. Central banks increased purchases of gold as a hedge against risk in recent weeks, driving the yellow metal’s series of record highs. Two particular moves include Vietnam’s central bank increasing gold bar supplies to stabilise the market and China’s central ..read more

Gold fades on this morning’s hot inflation report, but sticks above $2300 an ounce, after hitting an all-time high of $2,365.09 per ounce on Tuesday as investors sought a haven from risks related to inflation and geopolitical uncertainty. This morning’s Labor Department report showed March’s Consumer Price Index (CPI) rose 0.4% on a monthly basis, hotter than the forecasted 0.3% increase. The stronger-than-expected data contributes to expectations of later and fewer cuts by the Fed. The market has been expecting the Fed to cut rates this year – which would be bullish for gold – but the likely ..read more

Gold extends record breaking rally, rising early Monday, as momentum grew in the yellow metal, fueled by central bank buying and haven demand. Uncertainty over the conflicts in Gaza and Ukraine made gold a more attractive investment. Speculation about interest rate cuts this year is also bullish for the precious metal, but the timeline may be delayed after a strong U.S. jobs report on Friday.  Front-month gold futures gained 4.8% last week to settle at $2,345.40 an ounce on Comex, after the most-active June contract increased 1.6% Friday. Bullion rose 8.9% in March – the biggest monthly r ..read more

Gold retreats after reaching a new record high, as investors took profits after the precious metal rose above $2,300 an ounce on Thursday. The bullion slipped further on this morning’s positive job numbers. Surprisingly strong job growth announced this morning by the Labor Dept. Nonfarm payrolls jumped 303,000 in March, far beyond the forecast of a 200,000 increase, while the unemployment rate held steady at 3.8%, as expected. In the key average hourly earnings measure, wages rose 0.3% for the month and 4.1% from a year ago, both in line with Wall Street estimates. Front-month gold futures fel ..read more

Gold hits new record high after Friday’s inflation report, rallying early Monday on reinforced bets that the Federal Reserve will begin cutting interest rates in June. Lower interest rates would be considered bullish for the yellow metal, making it a more attractive asset for investors. The Fed’s favorite inflation measure, the personal consumption expenditure price index, came out in line with expectations for February for so-called core PCE, which excludes volatile food and energy costs. The Commerce Department data was released Friday when most financial markets were closed for Good Friday ..read more

Gold edges up sticking near record highs early Wednesday as investors awaited key inflation data due out Friday for further indications on the timetable of the Federal Reserve’s anticipated rate cuts. The Fed’s favorite inflation measure, the personal consumption expenditure price index, for further direction. Economists estimate that the PCE index rose 0.3% last month, which would keep the annual pace at 2.8%, above the Fed’s 2% annual target. Most investors are now expecting rate cuts to begin this summer. Gold touched a record high above $2,200 an ounce last week after Fed policymakers reit ..read more