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, […]
Continue ReadingGold 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 […]
Continue ReadingGold 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 […]
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