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Gold prices rose $3.46 an ounce on Tuesday, supported by a weaker dollar. The dollar weakened after data from the Labor Department showed U.S. consumer prices rose moderately in February.
Gold prices ended Monday’s session down $0.77 an ounce as investors took a cautious stance ahead of U.S. inflation data.
Gold prices settled at $1323.35 an ounce on Friday, ending a choppy week virtually unchanged.
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Gold prices fell for a second straight session and settled at $1321.76 an ounce with investors cautious ahead of the Labor Department’s monthly non-farm payrolls report.
Gold prices fell $12.21 an ounce on Wednesday as traders cashed in recent gains ahead of key U.S. economic data later in the week.
Gold prices rose $14.58 an ounce on Tuesday as a sell-off in the U.S. dollar index prompted buying interest in the market.
Gold prices ended Monday’s session down $3.33 an ounce as waning risk aversion in the marketplace dented demand for the safe-haven assets.
Gold prices settled at $1322.05 an ounce on Friday, falling 0.42% on the week and 1.99% over the month.
Gold prices ended Thursday slightly lower after a volatile session. XAU/USD moved towards the bottom of the daily Ichimoku cloud as expected after prices broke below the 1314/2 area, but the market found strong support there and recouped losses.
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Gold prices ended Wednesday’s session nearly unchanged after shuffling between gains and losses following the sharp drop seen on Tuesday.
Gold prices fell $14.16 an ounce on Tuesday, weighed down by a rally in the U.S. dollar following Federal Reserve Chairman Jerome Powell’s testimony before the House Financial Services Committee.
Gold prices rose $5.39 an ounce on Monday as the dollar’s recent rally stalled ahead of key U.S. economic reports and a speech from Federal Reserve Chairman Jerome Powell later in the week.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold prices settled at $1328.75 an ounce on Friday, suffering a loss of 1.37% on the week, as concerns about higher interest rates resurfaced following the release of minutes from the Federal Reserve’s January meeting.
Gold prices ended Thursday’s session up $7.21 an ounce, snapping a four-day losing streak, as a retreat in the dollar sparked some short-side profit taking.
Gold prices fell for a fourth straight session on Wednesday to settle at their lowest level in a week as the dollar strengthened after minutes from the latest Federal Reserve Open Market Committee meeting showed that policymakers backed further interest rate hikes.