Hedging Against Uncertainty: Gold Prices Surge Amidst U.S. Rate Hike Speculations and Geopolitical Tensions Gold prices traded near two-week highs in mid-November, with sentiment growing that the U.S. rate hiking cycle may have come to an end, auguring for a constructive price outlook for non-yielding bullion. A softer U.S. dollar and weaker U.S. Treasury yields […]

Gold prices slid back sharply on October 16 on technical selling after a 3.4 percent rally in the prior session driven mainly by the Israel-Hamas war which ignited the yellow metal’s appeal as a “safe haven.” Gold was down 0.7 percent at $1,919.21 per ounce on October 16. During times of extreme geopolitical uncertainty, gold […]

Gold strengthens on sentiment U.S. Fed may pause rate hikes, but upside price momentum seen limited Gold notched up its biggest weekly gain since April in the second week of July after signs the United States may be getting to grips with inflation, boosted sentiment over a possible pause in interest rate hikes. While the […]

Gold prices hit a three-month low in mid-June after signals the U.S. Federal Reserve could raise rates further in the coming months to curb inflation, potentially strengthening the dollar. Gold dropped 0.5% to $1,933.89 per ounce on June 14, hitting its lowest since March 17. The U.S. Federal Reserve indicated that a slower fall in […]

Gold prices rose for a fourth straight week to mid-August, hovering close to $1,800 per ounce, with a focus on data showing a slowdown in U.S. inflation increases. Gold was at $1,801.97 per ounce, up 0.74 percent, in late trade on August 12. After US consumer prices rose by an annualised 8.5 percent in July, […]

Gold prices steadied in mid-July, buoyed by a softer U.S. dollar on receding expectations of a large, 100 basis points (1 percent) U.S. rate hike next week as global recession fears build. Gold prices were down 0.3 percent to $1,709.50 per ounce on July 18. Gold had recovered from its lowest level in nearly a […]

Gold prices fell around 4 percent in the second week of May, pressured by expectations of more U.S. rate rises in the pipeline to control inflation, and by a rising dollar. Gold slid to $1,798.86 per ounce on May 13, its lowest level since February 4, before clawing back some ground to $1,810.68 later in […]

Gold prices rose in the second week of April, underpinned by the yellow metal’s appeal as a safe haven amid fears of an increasing Russian offensive in eastern Ukraine, and concerns over rising inflation. Gold dipped on April 14, just before the Easter break, pressured by a stronger U.S. dollar. Dollar-denominated gold becomes more expensive […]

Gold prices edged up slightly after the US Federal Reserve (Fed) raised interest rates by a quarter of a percentage point, with the precious metal’s immediate future linked to expectations of further US rate increases and uncertainty over the war in Ukraine. Gold prices were flat after the Fed raised rates on March 16 as [...]