Gold Slips
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Gold should gradually rise to $3,750/oz by 4Q on likely safe-haven demand and a weakening U.S. Dollar, said Vivek Dhar of CBA’s Global Economic & Markets Research in a research report.
Gold swung to losses on Thursday as the U.S. dollar strengthened and investors booked profits after prices touched a two-week high earlier in the session. Spot gold was down 0.6% at $3,295.21 an ounce,
Gold consolidates after hitting the $3,340 level, while US Treasury note yields consolidate after reaching the 4.60% resistance zone.
Trump’s tariffs and the trade war continue to impact global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.
Gold was set for its best weekly gain in more than a month on Friday, as a softer dollar and mounting concerns about the deteriorating fiscal outlook for the world's biggest economy boosted the metal's safe-haven appeal.
Gold price stalls at $3310.48 pivot as traders await breakout. Fiscal fears and weak dollar keep bullish outlook alive with targets at $3435 and $3500.
Gold breaks a three-day winning streak, with investors appearing less hungry for safe havens and more willing to a adopt risk-on mindset, says Antonio Di Giacomo of XS.com in a note. "This pullback is primarily attributed to the strengthening of the U.
Discover why gold (GLD, IAU) is seen as an anti-dollar asset and how owning tangible assets can help combat inflation and maintain wealth.
June gold (GCM25) today is up +37.40 (-1.17%), and July silver (SIN25) is up +0.061 (+0.10%). Precious metals today are moving higher after the dollar index dropped to a 1-week low. Also, ...
Gold prices rose to their highest in more than a week on Wednesday, supported by a weaker dollar and safe-haven demand as U.S. President Donald Trump failed to convince Republican holdouts to back his tax bill.