Gold prices ended Wednesday’s session up $21.32 an ounce as the U.S. dollar weakened after the Federal Reserve took a less hawkish view on monetary policy than some market players were expecting.
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Gold prices fell $5.82 an ounce on Tuesday, weighed down by a rise in the U.S. dollar ahead of a Federal Reserve meeting at which the central bank is expected to announce its first rate increase of 2018.
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Gold prices settled at $1313.52 an ounce on Friday, posting a loss of 0.76% on the week, as a stronger dollar reduced demand for the precious metal as an alternative investment.
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Gold prices fell $8.47 an ounce on Thursday, weighed down by a rise in the U.S. dollar after a report showed that the number of Americans filing for unemployment benefits dropped last week.
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Gold prices ended Wednesday’s session down $1.65 an ounce, pressured slightly by a firmer U.S. dollar index.
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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.
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Gold prices ended Monday’s session down $0.77 an ounce as investors took a cautious stance ahead of U.S. inflation data.
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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.
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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.
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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.
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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.
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Gold prices settled at $1322.05 an ounce on Friday, falling 0.42% on the week and 1.99% over the month.
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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.
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