Gold rose as a rally in the dollar petered out, while investors await the outcome of high-level U.S.-China trade talks in Beijing this week.
Spot gold +0.3% to $1,311.43/oz at 7:49am in London; -0.5% Mon. Separately, U.S. congressional negotiators reached a tentative deal on border security that would give President Donald Trump far less money than he™d demanded for new barriers and would avert another government shutdown.
Bullion has drawn additional interest over recent months amid concern that global growth is slowing. Kyle Bass, founder of Hayman Capital Management, said the U.S. most likely will enter a mild recession by the middle of 2020.
Source : Bloomberg
Gold headed for a back-to-back decline as President Donald Trump signed off on a so-called phase-one trade deal with China and an exit poll indicated a comfortable majority for the governing Conservative Party in the U.K.'s national election. Bullion for immediate delivery fell as much as 0.5% in e...
Gold prices ended lower on Thursday as President Donald Trump's tweet that a trade deal with China is near rallied the stock market, dulling demand for the haven metal. Gold prices had been trading higher early Thursday, with uncertainties surrounding a U.K. election and dovish stances by the Feder...
Gold™s got more room to rally as there™s little possibility of the Federal Reserve raising interest rates in 2020, according to Citigroup Inc (NYSE:C). Futures on the Comex will average $1,575 an ounce in 2020, and could climb above $1,600, with an upside bias seen at the end of the year, Doshi...
Gold held a gain as investors weighed the Federal Reserve™s signal that it would keep interest rates on hold through 2020. Palladium notched a fresh record. Spot gold -0.1% to $1,473.64/oz at 6:38am in London; +0.7% on Wednesday. Bloomberg Dollar Spot Index steady near lowest ...
Gold prices traded higher on Thursday in Asia after the U.S. Federal Reserve held its benchmark interest rate steady and signalled it expects that hold to last through 2020. U.S. Gold Futures rose 0.3% to $1,478.95 per ounce by 11:49 PM ET (03:49 GMT). Overnight, the Fed kept U.S. rates unchanged ...