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Gold prices rose $5.91 an ounce on Tuesday as a pullback in U.S. stock indexes prompted investors to move away from risky assets and to rush to safe havens.
Gold prices ended Monday’s session up $2.26, extending their gains to a third straight session, as the dollar eased after U.S. manufacturing data came in weaker than expected.
Gold prices rose for a second straight session and settled at $1228.17 an ounce on Friday as a series of economic data out of the world’s largest economy disappointed the market and weighed on the American dollar.
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Gold prices rose $5.93 an ounce on Thursday, erasing most of the losses posted earlier in the week, as falling U.S. stocks prompted a bit of safe-haven demand.
Gold prices fell for a second day, but the trading range was relatively tight as none of the nearest key levels were broken.
Gold prices fell $4.78 on Tuesday as a rally in world stock markets today kept investors away from the safe-haven metal.
Gold prices opened with a gap down yesterday as there were no market-sensitive news developments over the weekend to rattle the markets.
Gold prices settled at $1228.41 an ounce on Friday as concerns that the Federal Reserve may raise interest rates as early as June, along with a rally in US equities, fueled a loss of more than 3% for the week.
Despite weakness in the dollar, gold prices fell for the third time in four days and hit the lowest level since March 17.
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Gold prices dropped $18.65 yesterday as the U.S. dollar rallied after the Federal Reserve signaled it was likely to continue raising short-term interest rates gradually this year.
Gold prices ended a choppy, two-sided trading session slightly higher yesterday. XAU/USD initially fell to its lowest level in three weeks but reversed losses and closed the day at $1256.74.
Gold prices ended Monday’s session down $12.08 as investors awaited a Federal Reserve meeting and US nonfarm payrolls report later in the week.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold markets gapped lower at the open of the week, and continued to go lower from there.
Gold logged a second straight weekly loss on Friday as a series of upbeat earnings reports bolstered appetite for risk.
Gold edged lower on Thursday, giving up the gains made in the previous session, as the dollar strengthened after comments from European Central Bank President Mario Draghi weakened the euro.