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Gold prices rose in afternoon U.S. trading, recouping earlier losses, as soft U.S. economic data raised doubts about the path for higher interest rates.
Gold prices settled at $1269.35 an ounce on Monday, rising 2.3% on the month, as investors grew more cautious on prospects for U.S. growth and the path for higher interest rates.
Gold prices are slightly lower in afternoon New York trading as some investors locked in gains at the end of the month
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Gold ended the week up by 1.1% at $1268.90, the highest level since June 14, as the dollar came under fresh pressure on speculation that the Federal Reserve will likely wait at least until December to lift interest rates again.
Gold markets went back and forth on Thursday in rather wild trading as Wall Street was out-of-control to say the least.
Gold prices ended Thursday’s session down $1.57, pressured by the dollar’s bounce on better-than-expected U.S. economic data.
Gold prices rose $10.65 an ounce on Wednesday, hitting the highest level since July 15, as the dollar slipped after the Federal Open Market Committee kept interest rates unchanged.
Gold prices rose sharply in afternoon U.S. trading, erasing all of the previous day’s losses, after the Federal Reserve left short-term interest rates
Gold prices are trading slightly higher in afternoon trading Thursday. The XAU/USD pair traded as low as $1254.41 an ounce
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Gold markets had a slightly negative session during the Tuesday session as we crashed back towards the $1250 level.
Gold prices fell $5.03 an ounce on Tuesday as equities gained and the dollar rallied after the Conference Board reported that its consumer confidence index jumped to 121.1 from 117.3 the prior month.
Gold prices are down in late U.S. trading, as the dollar strengthened on the back of the better-than-expected U.S. data.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold markets had a choppy session on Monday, as we went back and forth in early trading, and eventually settled near the $1255 level.
Gold prices ended Monday’s session nearly unchanged after shuffling between gains and losses as investors took a cautious stance ahead of the Federal Open Market Committee’s two-day policy meeting which kicks off today.
Gold prices are slightly lower in afternoon New York trading, suffering from a bounce in the U.S. dollar index