· Gold prices surged 2% to their highest in more than five years on Thursday after the U.S. Federal Reserve signalled possible interest rate cuts later this year, sending the dollar lower and U.S. Treasury yields plunging. Spot gold was up 1.7% at $1,382.70 per ounce as of 0657 GMT, after hitting its highest since March 17, 2014 at $1,386.38. U.S. gold futures jumped 2.8% to $1,386.30 an ounce, after touching their highest since April 2018 at $1,397.70. · The Fed on Wednesday said it was ready...

· Gold prices pared gains on Tuesday after U.S. President Donald Trump confirmed he would meet with Chinese President Xi Jinping at an international summit, fanning hopes for a quick end to the U.S.-China trade dispute. Earlier in the session, gold prices had briefly surged to 1% after central banks in Europe and the United States hinted at monetary easing. Spot gold gained 0.5% to $1,345.70 per ounce as of 1:32 p.m. EDT (1732 GMT). Prices had risen to $1,354.20 earlier, before Trump said...

· Gold prices inched lower on Wednesday as hopes of a resolution to the Sino-U.S. trade spat and a dovish European Central Bank lifted riskier assets, while investors awaited the U.S. Federal Reserve’s monetary policy decision later in the day. Spot gold was down 0.1% at $1,345.30 per ounce as of 0547 GMT. U.S. gold futures also declined 0.1%, to $1,349.70 an ounce. · “We have equity markets surging because of (U.S. President Donald) Trump tweet last night, which has taken a lot...

· Gold prices slipped further on Monday after sliding from a more-than-14-month high the previous session following upbeat U.S. economic data that dampened expectations the Federal Reserve would ease interest rates. Spot gold edged 0.1% lower to $1,340.20 per ounce. Prices had surged to $1,358.04 on Friday, its highest since April 11, 2018. U.S. gold futures settled $1.60 lower at $1,342.90. · “We had some very good retail sales and some very good industrial production figures come out...

· Gold prices edged higher on Tuesday as the dollar pulled back from multi-week highs ahead of the U.S. Federal Reserve’s two-day monetary policy meeting. Spot gold was up 0.2% at $1,341.91 as of 0525 GMT. U.S. gold futures also rose 0.2% to $1,345.80 an ounce. · “The overall sentiment in the gold markets is positive. There are expectations that the Fed will cut interest rates, which has weakened the dollar and remains a main driver for prices,” said Helen Lau, analyst, Argonaut...

· Gold prices retreated on Friday as upbeat U.S. retail sales somewhat eased fears that the economy was slowing down in the second quarter. Prices had jumped 1% earlier in the session on market expectations of at least two U.S. central bank rate cuts in 2019. Spot gold dipped 0.2% to $1,339.49 per ounce as of 1:55 p.m. EDT(1755 GMT). Prices rose to a high of $1,358.04, last touched on April 11, 2018. The metal was set to gain for a fourth straight week, up 0.8%. U.S. gold futures settled 0...

  Gold hit its highest levels in more than a year on Friday, and Wall Street and Main Street look for the momentum to continue next week, based on the weekly Kitco News gold survey. The metal has been underpinned by continuing trade tensions between the U.S. and its partners, resulting in worries about an economic slowdown that in turn has market participants looking for a rate cut from the U.S. Federal Open Market Committee before the end of the summer. Attacks on a pair of tankers in the Middle...

· Gold prices eased on Monday, after retreating from a 14-month peak hit in the previous session, as the dollar held near multi-week highs on strong U.S. retail sales data, ahead of the U.S. Federal Reserve meeting this week. Spot gold was down 0.3% at $1,337.31 per ounce as of 0713 GMT. Gold hit $1,358.04, its highest since April 11, 2018, on Friday. U.S. gold futures were down 0.2% at $1,341.70 an ounce. · “For now, gold prices are holding tight. The markets have aggressively priced...

· Gold prices climbed to a week’s high on Thursday, supported by expectations for an interest rate cut by the U.S. Federal Reserve following soft inflation data, although an uptick in equities capped gains. · Spot gold rose 0.5% to $1,340.13 per ounce, after touching its highest since June 7 at $1,344.60 earlier in the session. U.S. gold futures settled up 0.5% at $1,343.70 an ounce. · “The initial move on higher prices was due to escalating trade tensions ... Thereafter, concerns...

· Spot gold accelerated higher in early European trading on Friday and eventually broke above former 2019 high at $1346 (20Feb) to hit the highest levels in fourteen months. The yellow metal extends strong rally into third straight day, boosted by expectations of Fed rate cut by the end of the year on slowing inflation, weaker labor sector and the newest crisis in the Middle East that boosts safe-haven demand. Significant bullish signal can be expected on weekly close above $1346 pivot that...

· Gold prices gained momentum on Wednesday as the dollar dipped on speculation the U.S. central bank would cut interest rates this year amid concerns about waning global economic growth. Spot gold was trading 0.5% higher at $1,332.80 per ounce, a rebound from the previous session when it fell to a 10-day low of $1,319.35. U.S. gold futures settled $5.60 higher at $1,336.80. · “Today, global equities are weaker, there is some safe-haven buying, and buying ahead of the U.S. Fed meeting...

· Gold prices advanced on Thursday as demand for the safe-haven metal rose on expectations of an interest rate cut by the U.S. Federal Reserve following soft inflation data, and on escalating trade tensions between the world’s top two economies. Spot gold was up 0.3% at $1,337.41 per ounce, as of 0706 GMT. U.S. gold futures were also 0.3% higher, at $1,341.40 an ounce. · “We can see strong support at $1,330 for gold, and the metal looks to trade upside with expectations of lower...

· Gold prices dipped slightly on Tuesday as investors booked profits following robust gains over the past weeks, while rising hopes of a trade deal between China and the United States lifted equities. However, increasing expectations the U.S. Federal Reserve would proceed with an interest rate cut this year pressured the dollar, supporting bullion rates. · Spot gold dipped slightly to $1,327.41 per ounce. Prices had hit a 14-month high of $1,348.08 on June 7. U.S. gold futures settled 0...

· Gold prices rose on Wednesday after hitting a one-week low in the previous session, as worries over U.S.-China trade war flared up, curbing risk appetite and increasing the appeal of safe-haven bullion. · Spot gold rose 0.5% to $1,333.06 by 0328 GMT, after falling to its lowest since June 3 at $1,319.35 in the previous session. U.S. gold futures were up 0.4% at $1,336.60 an ounce. · “Market sentiment this morning is very cautious and risk appetite has started to diminish gently...

· Gold prices dropped 1% on Monday, slipping from a 14-month peak, after U.S. President Donald Trump’s decision not to impose trade tariffs on Mexico spurred risk sentiment and lifted the dollar from recent lows. · Spot gold was down 0.8% at $1,329.10 per ounce, having fallen as much as 1.2% earlier in the session. The metal had hit its highest since April last year at $1,348.08 an ounce in the previous session. · U.S. gold futures settled $16.80 lower $1,329.30. · “Global equities...

· Gold held steady on Tuesday after posting its biggest one-day percentage fall in two months in the previous session, as Washington’s fresh trade threats against China dented investor optimism spurred by a U.S.-Mexico deal. Spot gold was up 0.1% at $1,328.83 per ounce as of 0551 GMT, while U.S. gold futures rose 0.3% to $1,332.90 an ounce. · Bullion lost more than 1% in the previous session to an intra-day low of $1,324.50 after markets took heart from a deal between the United States...

 Gold prices jumped 1% on Friday to their highest levels since April 2018 as a sharp slowdown in U.S. jobs growth sent the dollar lower on growing expectations that the Federal Reserve would cut interest rates this year. · Gold also has benefited from concerns that U.S. trade wars with Mexico and China will slow the global economy. The precious metal is up about 3% so far this week, on track for its biggest weekly gain since April 2016. · Spot gold was 0.6% higher to $1,343.07 per ounce, having...

  Wall Street and Main Street look for gold to maintain its upward momentum next week, based on the weekly Kitco News gold survey. Traders and analysts cited growing expectations that the next move by the Federal Reserve will be a rate cut, especially after a softer-than-forecasted U.S. jobs report on Friday. Nonfarm payrolls rose by 75,000 in May when consensus expectations had been for around 175,000 to 185,000. “A weaker-than-expected jobs report adds ammunition for a rate cut to come...

· Gold prices retreated from a 14-month peak on Monday after an agreement between the United States and Mexico to avert a tariff war crimped safe-haven demand for the yellow metal. Spot gold was down 0.7% at $1,330.46 per ounce, as of 0249 GMT. In the previous session, the bullion hit its highest since April 19,2018 at $1,348.08 an ounce. U.S. gold futures fell 0.9% to $1333.70 an ounce. · “Talks between the U.S. and Mexico seem to have smoothened out already and the (gold) market seems...

· Gold prices rose on Thursday, as fears about the impact of trade wars on the global economy, and rising expectations for a U.S. interest rate cut enhanced the metal’s appeal. · Spot gold rose 0.7% to $1,338.65 per ounce as of 1:48 p.m. EDT (1748 GMT), while U.S. gold futures settled up 0.7% at $1,342.70. · “Ongoing concerns regarding global economic growth is supporting gold at the moment,” said David Meger, director of metals trading at High Ridge Futures, adding that...