Gold

Gold gains as gloomy U.S. economic outlook dents dollar

Gold prices rose on Friday after bleak U.S. jobless claims data reinforced fears of a slower recovery from the coronavirus-induced economic crisis, denting the dollar and U.S. Treasury yields. Spot…

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Gold rebounds as recovery fears resurface post Fed minutes

Gold on Thursday bounced back from the previous session's hefty losses after the U.S. Federal Reserve raised concerns that a recovery from the coronavirus-induced economic slump faced a highly uncertain…

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Gold dips below $2,000 as dollar slide briefly halts

Gold fell below $2,000 an ounce on Wednesday after rising sharply in the previous session as the dollar steadied, while investors awaited minutes from the U.S. Federal Reserve's last policy…

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Gold extends fall after worst week in five months

Gold prices extended losses on Monday, after their worst week in five months, on lingering risk appetite, while the Sino-U.S. trade relationship hinted at potential improvement. Spot gold was down…

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Gold rises 1% as weaker dollar bolsters appeal

Gold climbed 1% on Thursday on a softer dollar, consolidating further above the key $1,900 level, with an ultra-low interest rate environment and worries over global economic fallout from mounting…

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Gold falls below $1,900 level as U.S. dollar, yields rise

Gold fell below the $1,900 per ounce level on Wednesday as a resurgent dollar prompted investors to reassess their positions after a record-breaking price rally. Spot gold declined as much…

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Gold dips as dollar holds onto gains; U.S.-China spat in focus

Gold prices fell on Monday as the dollar held onto gains made after better-than-expected U.S. payrolls data, while investors kept a close eye on Sino-U.S. relations ahead of scheduled trade…

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Gold smashes record high as safety rush intensifies

Gold smashed a record high on Friday as a safety rush fuelled by the worsening coronavirus pandemic and its mounting economic toll gathered pace and put bullion on track for…

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Gold steadies near record high as dollar stumbles

Gold steadied on Thursday after hitting a record high in the previous session as dismal U.S. jobs data hammered the dollar, while increasing worries about a recovery in the pandemic-ravaged…

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Gold price hits another record high

Safe-haven gold scaled an all-time peak on Wednesday, extending a record run above the $2,000 mark on a weaker dollar and bets for more stimulus measures to revive a pandemic-ravaged…

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Gold soars to record high as virus fears lift safe-haven demand

Gold prices surged to an all-time high on Monday as fears over an economic fallout from rising COVID-19 cases boosted demand for the safe-haven metal, although gains were capped by…

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Gold eyes best month in four years on virus anxiety, soft dollar

Gold rose on Friday en route to its best month in more than four years as the dollar slid further after dismal U.S. data added to doubts about a swift…

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Gold eases as risk sentiment improves after Fed policy meeting

Gold eased on Thursday after the U.S. Federal Reserve's vow to support the coronavirus-ravaged economy buoyed risk sentiment, with market expectations for prices to breach the $2,000 level facing resistance…

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Gold soars to all-time high

Gold prices jumped to record highs on Monday as an intensifying U.S.-China row hammered the dollar and cemented expectations that central banks would continue pumping out stimulus to ease the…

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Gold heads for best week in 3 months on U.S.-China woes

Gold held steady on Friday en route to its best week in more than three months, driven by an escalation in U.S.-China tensions, with investors also looking for a hedge…

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Gold slips as investors book profit, holds on to near 9-year high

Gold eased on Thursday as investors booked profits from a strong rally, but held on to a near nine-year high due to U.S.-China tensions and bets on more global stimulus…

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Gold climbs to nine-year high

Gold jumped more than 1% on Wednesday to its highest in nearly nine years, driven by a weaker dollar and as expectations of more stimulus to resuscitate pandemic-hit economies lifted…

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Gold steadies near $1,800/oz on virus fears and U.S.-China tensions

Gold steadied near the $1,800 level on Friday after a sharp fall in the previous session, as worries over surging coronavirus cases and U.S.-China tensions underpinned its safe-haven appeal, although…

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Gold holds firm above $1,800/oz on virus fears, weaker dollar

Gold prices rose on Monday, holding ground above the key $1,800/oz level, as a weaker dollar and worries over surging COVID-19 cases around the globe kept the safe-haven metal underpinned.…

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Gold’s rally loses steam as investors drift towards dollar

Gold prices retreated on Thursday, a day after vaulting to nearly nine-year highs, as investors embraced the safe-haven greenback in the face of record U.S. coronavirus cases. Spot gold fell…

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Gold holds above $1,800 level as virus casts long shadow

Gold held steady above the key $1,800/oz level on Thursday, as worries over mounting COVID-19 cases offset hopes of a swift global economic recovery. Spot gold was little changed at…

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Gold slips as risk appetite improves, virus surge caps losses

Gold prices eased on Monday as risk sentiment improved ahead of U.S. services sector data, although losses were capped by worries over surging coronavirus cases in some U.S. states. Spot…

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Gold steadies in tight range as virus fears offset solid U.S. jobs data

Gold was flat, trading in a narrow $4 range on Friday, as worries over surging coronavirus cases globally and lingering trade tensions between the United States and China overshadowed strong…

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Gold eases off near 8-year peak

Gold edged lower on Thursday, easing from a near eight-year peak hit in the last session, as solid U.S. manufacturing data and promising results from a COVID-19 vaccine trial revived…

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India gold prices hit all-time high as virus spike lifts safe-haven demand

Gold prices in India hit an all-time high on Wednesday, tracking a global rally, as surging coronavirus cases in many countries raised the metal's safe-haven appeal. Local gold futures hit…

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Gold firms near 8-year peak as virus fears prompt safe-haven demand

Gold prices firmed near an eight-year peak on Wednesday, as the metal's safe-haven demand was boosted by worries about the global economic impact of surging coronavirus infections around the world.…

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Gold rises as virus concerns lift safe-haven bid

Gold prices rose on Monday as worries over a surge in fresh COVID-19 infections globally dented investor optimism about a swift economic rebound and drove investors towards the safe-haven metal.…

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Gold on track for third weekly gain as virus cases surge

Gold edged higher on Friday and was set for its third consecutive weekly gain, as coronavirus cases around the world surged and jittery investors opted for safe-haven assets. Spot gold…

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Gold eases off multi-year peak as virus surge drives cash hunt

Gold edged lower on Thursday, easing off a near eight-year high hit in the last session, as a selloff in equity markets driven by a surge in coronavirus cases prompted…

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Gold hovers near 8-year high as second coronavirus wave fears mount

Gold prices hit its highest level since October 2012 on Wednesday, as demand was boosted by worries over a jump in coronavirus infections and hopes of more stimulus measures to…

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Gold hits 1-month peak as rising virus fears boost demand

Gold jumped to its highest in more than a month on Monday as investors sought the safe-haven metal after surging coronavirus cases intensified concerns over a delay in global economic…

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Gold ticks higher on new virus fears

Gold prices edged higher on Friday, with the metal's safe-haven demand supported by concerns over a second wave of coronavirus infections, although gains were limited by a stronger U.S. dollar.…

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Gold flat as dollar strength checks concerns over virus case spike

Gold prices were steady on Thursday, with the metal caught between a strengthening U.S. dollar and a pullback in global equities, as worries over new coronavirus cases delaying economic recovery…

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Gold steady over virus fears

Gold prices eased on Wednesday on hopes of a potential COVID-19 drug and a stronger U.S. dollar, but thefall was limited due to worries about surging cases of the novel…

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Gold steady as second wave fears weigh on risky assets

Gold prices were little changed on Monday after posting their best week since early April as fears of a second wave of coronavirus infections in Beijing cut investors' appetite for…

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Gold eases; set for first weekly gain in four as virus cases surge

Gold dipped on Friday on a stronger dollar, while concerns over a second wave of coronavirus infections and a protracted economic recovery limited losses, keeping the metal on track for…

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Gold slips on profit-taking after Fed-driven rally

Gold eased on Thursday as investors booked profits after prices rose to a more than a one-week high on bleak economic projections from the U.S. Federal Reserve. Spot gold was…

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Gold extends gains

Gold extended gains on Wednesday as global equity markets eased after a recent rally, while U.S. Treasury yields dropped ahead of the outcome of the Federal Reserve's meeting that is…

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Gold prices dip as strong U.S. jobs data boosts risk sentiment

Gold prices slipped on Monday as an unexpected improvement in U.S. employment numbers boosted optimism about economic recovery, boosting risk appetite and denting the appeal of the safe-haven metal. Spot…

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Gold fades for third straight week on economic recovery hopes

Gold eased ahead of a highly awaited U.S. jobs report on Friday as markets pinned hopes on an economic recovery, putting the safe-haven metal on track for a third consecutive weekly…

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Gold rises on political frictions

Gold prices rose on Thursday after an equity rally fuelled by signs of an economic recovery from mandated shutdowns sparked the biggest daily fall since April 30 in the previous session.…

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Gold prices dip on economic optimism

Gold prices dipped on Wednesday as equity markets rallied on economic optimism and hopes for further stimulus measures boosted risk-on sentiment. Spot gold was down 0.2% at $1,722.93 per ounce,…

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Gold rises as U.S. riots, HK tensions lift safe-haven appeal

Gold prices climbed on Monday as reports of riots in the United States rattled investors already reeling from the deepening Sino-U.S. rift, fanning concerns of a fresh economic setback and…

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Gold on track for its second monthly gain

Gold inched up on Friday and was on track for its second monthly gain as deteriorating U.S.-China ties in a world reeling from the coronavirus pandemic rattled investors and fuelled…

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Gold gains over Hong Kong unrest

Gold prices rose on Thursday as tensions between the United States and China over a Hong Kong security law escalated, while fresh stimulus measures by several economies to mitigate the…

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Gold hovers near 2-week low on hopes of economic recovery

Gold was trading near a two-week low on Wednesday as optimism around several economies re-opening dulled the metal's safe-haven appeal, although increasing Sino-U.S. frictions over Beijing's proposed security law for…

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Gold gains on U.S.-China worries; set for a weekly drop

Gold prices inched up on Friday, after falling more-than 1% in the previous session, as rising concerns over U.S.-China relations weighed on risk appetite, although the metal still looked to…

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Gold slides as economic recovery hopes dent safe-haven bids

Gold fell on Thursday, pressured by hopes of a swift recovery from the coronavirus-driven recession although losses were capped by prospects of more stimulus and bleak data. Spot gold slid…

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Venezuela in bid to force Bank of England to hand over $1bn of gold

Venezuela's central bank has launched a legal claim in an effort to force the Bank of England to hand over $1.02bn of the country's gold it holds. A document submitted…

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Gold gains as bleak economic outlook stokes safe-haven demand

Gold prices gained on Wednesday as bleak data from major economies reflected the fallout from the coronavirus crisis, while the initial euphoria over a potential COVID-19 vaccine fizzled and gave…

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Gold jumps to highest price since Oct 2012

Gold rose over 1% on Monday to its highest in more than seven years as dismal U.S. data underscored how badly the COVID-19 pandemic has damaged the world's top economy,…

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Gold forecast to rise in value

Gold prices are forecast to rise in the medium-term and could climb to more than $2,000 per ounce in 2021 as central banks have cut interest rates and the…

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French jeweller held in Germany in international gold trafficking investigation

A gold trafficking case between France and Germany thought to be worth at least €1 million has led to the arrest of a French jeweller and nine of his accomplices,…

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Investors withdraw gold from Hong Kong

Private investors have begun to shift their holdings of gold from Hong Kong, months into the financial centre’s worst political crisis. Gold is moving to Singapore and Switzerland as some…

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Gold prices might reach $2000 by end of year

Gold prices can continue to climb even after they hit a multi-year high last week, a global investment strategist said Monday. In fact, prices are set to “reach $2,000 by…

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Midday Dispatch – Corporate and Financial News

The euro dropped to a three-week low against a broadly stronger dollar on Tuesday as investors re-assessed their expectations of how much the Federal Reserve may cut interest rates this…

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Gold prices touch levels not seen in almost 6 years

Gold prices gained for a second day in a row on Friday, touching levels not seen in almost 6 years. Gold prices surged a day earlier, after the U.S. Federal…

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