World News

Gold steadies near $1,800 as U.S. inflation data fuels uncertainty

Gold held above the key psychological level of $1,800 on Wednesday, after a tamer-than-expected rise in U.S. inflation led to uncertainty on when the U.S. central bank would begin tapering…

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Gold heads for first weekly loss in five on Fed taper jitters

Gold prices were headed for their first weekly decline in five on Friday as bullion's appeal was dented by U.S. dollar strength and growing jitters over the Federal Reserve's timeline…

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Gold hovers near 2-week low as firm dollar hurts appeal

Gold slipped on Thursday to hover near two-week lows as a stronger U.S. dollar weighed on prices, while investors sought cues from major central banks as policymakers signalled support for…

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Gold inches up as dollar stalls, but lingers below $1,800/oz

Gold prices recovered from a 1.6% drop in the previous session to approach the key psychological level of $1,800 on Wednesday as the dollar rally paused. Spot gold rose 0.2%…

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Gold hovers near 2-1/2-month high

Gold prices held steady near a 2-1/2-month peak on Monday after disappointing U.S. jobs data raised hopes the Federal Reserve could wait a bit longer to pare stimulus measures, bolstering…

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Gold gains on sluggish dollar; U.S. jobs in focus

Gold prices rose on Friday after the dollar weakened, with investors awaiting the U.S. jobs data to gauge the Federal Reserve's plans to start tapering asset purchases, although for the…

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Gold steady as investors await U.S. jobs data to gauge Fed’s taper path

Gold prices were flat on Thursday as investors were largely on the sidelines awaiting the U.S. non-farm payrolls print that is crucial for Federal Reserve's tapering timeline. Spot gold was…

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Gold listless as investors seek direction from U.S. jobs data

Gold prices were little changed on Wednesday as investors awaited a key U.S. jobs report for clues on when the Federal Reserve might start reducing its pandemic-era stimulus measures. Spot…

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Gold prices scale near 4-week high on Powell’s dovish tone

Gold prices rose to a near four-week high on Monday after U.S. Federal Reserve chief Jerome Powell stopped short of providing any clear guidance on a stimulus tapering timeline and…

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Safe-haven demand buoys gold; Silver on track for biggest weekly gain since May

Gold prices rose on Friday as an increasingly deteriorating security situation in Afghanistan spurred safe-haven demand, though investors were largely focused on Fed chief Jerome Powell's speech for guidance on…

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China’s net gold imports via Hong Kong drop in July m/m

China's net gold imports via Hong Kong fell nearly 29% in July after a sharp rise in June, Hong Kong Census and Statistics Department data showed on Thursday. Net gold…

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Gold subdued as investor focus turns to Jackson Hole

Gold prices inched lower on Thursday as investors turned cautious ahead of U.S. Federal Reserve Chair Jerome Powell's speech this week, which could provide cues to the central bank's plans…

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Gold prices firm on Delta variant threat, dollar retreat

Gold prices edged higher on Monday after the U.S. dollar retreated from multi-month highs, while investor concerns that the Delta coronavirus variant could dampen the global economic recovery also lifted…

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Gold firms as virus woes dent risk appetite, dollar strength caps gains

Gold prices inched up on Friday, as rising concerns over the spread of coronavirus Delta variant and its impact on economic recovery soured risk sentiment, but a stronger dollar capped…

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Gold falls as Fed minutes boost U.S. dollar

Gold prices fell on Thursday, as dollar strengthened after U.S. Federal Reserve's policy meeting minutes showed that its officials were largely on board to start easing bond purchases this year.…

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Gold gains as virus jitters boost safe-haven appeal

Gold prices firmed on Wednesday, as escalating concerns over the economic fallout from the spread of the coronavirus' Delta variant dented sentiment towards riskier assets, lifting bullion's appeal. Spot gold…

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Gold hovers near one-week peak on weak consumer sentiment print

Gold prices held near a one-week high on Monday, as a plunge in U.S. consumer sentiment allayed some concerns of an early tapering by the Federal Reserve. Spot gold fell…

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Gold ticks higher on Delta worries, eyes weekly fall again

Gold prices edged higher on Friday, underpinned by concerns over the rapid spread of the Delta coronavirus variant, although a resilient dollar capped gains and kept bullion on track for…

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Gold steadies as U.S. inflation data soothes early taper fears

Gold prices steadied on Thursday after rising more than 1% in the previous session, as worries of an early tapering in economic support eased after data showed U.S. consumer price…

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Gold reels to 4-month low on fears of early Fed tapering

Gold fell as much as 4.4% to a more than four-month low on Monday as robust U.S. jobs data stoked concerns of a sooner-than-expected interest rate hike, which could increase…

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Gold languishes near $1,800/oz on firm dollar, Fed’s taper talk jitters

Gold eased on Friday, clinging to the key psychological $1,800 level as the dollar firmed, while investors awaited a key U.S. jobs report to gauge the Federal Reserve's future policy…

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Gold eases on firm dollar, hawkish Fed official

Gold prices eased on Thursday as the dollar held firm after remarks from a top U.S. Federal Reserve official signalled the possibility of bringing forward policy tightening. Spot gold fell…

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Festivals, weddings to bolster India’s gold demand in H2-WGC

Indian gold demand is likely to recover in the second half of 2021 from 35% below the pre-pandemic five-year average in the first half, as festivals and weddings are likely…

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Gold eyes biggest weekly gain in over 2 months on Fed signal

Gold was set on Friday for its best week in more than two months on renewed signs that the U.S. Federal Reserve might not taper economic support and hike interest…

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Gold demand has yet to recover fully from COVID-19, says WGC

Global demand for gold rose in the second quarter to its highest quarterly level in a year as central banks and investors stepped up purchases, the World Gold Council (WGC)…

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Gold climbs as Fed chief stays dovish, dollar softens

Gold climbed to a more than one-week high on Thursday after U.S. Federal Reserve Chairman Jerome Powell struck a dovish tone, indicating much remains to be done before policy tightening…

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Gold firms above key $1,800 level ahead of Fed policy verdict

Gold prices firmed on Wednesday above the key psychological level of $1,800 on a weaker dollar, though gains were curbed by investor caution ahead of a Federal Reserve meeting that…

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Gold buoyed by lower yields, virus woes; Fed meeting in focus

Gold prices inched higher on Monday, supported by easing U.S. bond yields and concerns over rising Delta variant infections, while investors focused on the Federal Open Market Committee's meeting this…

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Gold set for first weekly fall in five on dollar strength

Gold prices edged lower on Friday, heading for their first weekly decline in five, as a stronger dollar made bullion more expensive for holder of other currencies and offset support…

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Gold hovers near 1-week low as risk appetite returns; ECB meet in focus

Gold prices fell on Thursday, hovering near a more than one-week low, weighed down by a stronger dollar and a rebound in risk sentiment as investors looked past economic threats…

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COVID keeps Swiss gold exports to India subdued in June

Swiss exports of gold to India edged higher in June, although they remained far below levels earlier this year, and shipments to mainland China fell, Swiss customs data showed on…

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Gold slips as dollar steals safe-haven thunder, yields rebound

Gold eased on Wednesday as the dollar emerged as the preferred safe-haven bet amid fears that the highly contagious Delta coronavirus variant may stall a global economic recovery, while a…

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Gold edges up on Delta virus threat, lower U.S. bond yields

Gold prices edged higher on Monday, lifted by a retreat in U.S. Treasury yields and concerns that a surge in coronavirus cases could dampen global economic recovery, though an uptick…

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Gold on track for fourth weekly gain on dovish Fed rhetoric

Gold prices were headed on Friday for a fourth straight weekly gain after the U.S. Federal Reserve allayed investor fears of a faster tightening of monetary policy, though the safe-haven…

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Gold slips, hovers near four-week peak

Gold prices hovered near a four-week peak on Thursday after U.S. Federal Reserve Chair Jeremy Powell soothed investor fears by reassuring that he was in no rush to tighten policy,…

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Gold dips as dollar claws up, equities firm

Gold prices eased on Monday as a slightly stronger dollar and buoyant equities dimmed the safe-haven metal's appeal, with investors awaiting U.S. inflation data and Federal Reserve Chairman Jerome Powell's…

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Gold set to rise for third week on lower yields, virus woes

Gold prices held steady on Friday but were set for a third consecutive weekly gain as concerns over the fast-spreading Delta variant of COVID-19 and a drop in U.S. Treasury…

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Gold on back foot as dollar strengthens after Fed minutes

Gold prices slipped on Thursday, weighed down by a stronger dollar after minutes from the U.S. Federal Reserve's latest meeting highlighted inflationary pressures and confirmed that asset purchases tapering is…

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Gold gains as bond yields slip, markets eye Fed minutes

Gold prices rose on Wednesday towards a three-week high scaled in the previous session, helped by a drop in U.S. Treasury yields, while investors awaited the release of minutes from…

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Russian finance ministry to buy $4 billion worth of gold, FX in July

Russia's finance ministry said on Monday it would buy 13.5 billion roubles ($184.25 million) worth of foreign currency a day between July 7 and Aug. 5, an increase in the…

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Gold steadies as rate hike bets recede

Gold held firm below a two-week high on Monday as concerns eased over an earlier-than-expected rate hike by the Federal Reserve after a mixed bag of U.S. jobs data, while…

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Gold ticks up on virus fears; U.S. jobs data awaited

Gold prices inched up on Friday, on concerns over the spread of Delta variant of the novel coronavirus, while investors awaited U.S. non-farm payrolls data that could influence the timeline…

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Virus worries lift gold ahead of key U.S. jobs data

Gold rose on Thursday as concerns over the more infectious Delta variant of COVID-19 boosted its safe-haven appeal, ahead of U.S. jobs data seen as crucial to the Federal Reserve's…

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Gold set for biggest monthly drop since 2016

Gold was hovering around an over two-month low on Wednesday as investors awaited U.S. jobs data for further clarity on the Federal Reserve's policy stance, with the precious metal heading…

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Gold eyes first weekly rise in four on muted dollar, U.S. data in focus

Gold gained on Friday and was set to post its first weekly rise in four as the dollar weakened, with investors awaiting U.S. inflation data after mixed signals from Federal…

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Gold on back foot as dollar firms; traders await U.S. data

Gold prices edged lower on Thursday, pressured by a steady dollar, while investors attempted to navigate mixed signals from Federal Reserve officials on interest rate hike and awaited more U.S.…

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Gold gains after U.S. Fed chief calms rate hike jitters

Gold prices rose on Wednesday after U.S. Federal Reserve Chair Jerome Powell pledged to keep interest rates near zero for some time, although gains were capped by a slight uptick…

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Gold ticks up but eyes worst week since March 2020 after hawkish Fed

Gold rose on Friday, but was headed for its worst week since March 2020 after the U.S. Federal Reserve's hawkish message on monetary policy lifted the dollar higher and dented…

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Gold stages slight rebound on bargain hunting after Fed’s hawkish tone

Gold prices rose on Thursday as investors took advantage of a sharp fall in the previous session to buy the metal after the U.S. Federal Reserve signalled it might raise…

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Gold extends losing streak to fourth day on worries over Fed taper talk

Gold prices fell on Wednesday for a fourth straight session, hurt by a stronger dollar as investors awaited the outcome of the U.S. Federal Reserve's latest meeting for clues on…

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Gold prices at 1-1/2-week low on dollar strength as Fed meeting looms

Gold prices slipped on Monday to their lowest in more than a week, weighed down by a stronger dollar, while investors awaited cues from the Federal Reserve policy meeting this…

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Gold reclaims $1,900/oz mark as dollar, yields slip after U.S. data

Gold prices edged above $1,900 per ounce level on Friday, supported by a pullback in the dollar and lower bond yields, after data showing a rise in U.S. inflation was…

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Gold subdued with focus on U.S. data, ECB meeting

Gold prices were on the back foot on Thursday as the dollar ticked higher but traded in a narrow range as investors turned cautious ahead of the European Central Bank…

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Gold holds steady as spotlight shifts to U.S. data, ECB meeting

Gold prices held steady on Wednesday as bond yields remained under pressure, with investors on the sidelines ahead of more data on U.S. inflation and the European Central Bank policy…

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Gold falls as firmer dollar offsets easing U.S. bond yields

Gold prices edged lower on Monday as an uptick in the dollar dented the metal's appeal, although lower U.S. bond yields and prospects of a prolonged accommodative interest rate environment…

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Gold hits over 2-week low on stronger dollar, bond yields

Gold prices slipped to a more than two-week low on Friday, weighed down by a stronger dollar and an uptick in bond yields after upbeat U.S. economic data bolstered bets…

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UPDATED: Gold falls as dollar firms ahead of U.S. jobs data

Gold prices slipped nearly 1% on Thursday to hit their lowest in about a week as the dollar strengthened, while investors awaited the latest readings on the U.S. labor market…

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