Gold poised for worst week in 3 years as US dollar rallies
Gold prices steadied near the previous session's two-month lows on Friday and were poised for their worst weekly performance in over three years as a rallying U.S. dollar and expectations of less aggressive interest rate cuts by the Federal Reserve pressured the precious metal.
Gold slumps to 2-month low as dollar marches on; Fed signals in focus
Gold fell for a fifth straight session on Thursday to hit its lowest level in eight weeks, pressured by a stronger U.S. dollar and rising Treasury yields amid uncertainty over the pace of the Federal Reserve's interest rate cuts.
Markets are dismissing gold as a hedge against inflation, despite Trump's policies potentially raising US inflation.
Gold prices are on track for their worst weekly decline in more than three years, pressured down by profit-taking, a stronger ...
Gold prices edged higher on Wednesday, steered by speculative buying and a pause in the dollar's rally, even as inflation ...
Gold fell more than 4% in the four days after Election Day, while the broad U.S. stock market climbed nearly 4%.
Gold's price movements often signal where investors think inflation is heading, even before official numbers come out.
In India, the price of 10 grams of 24-carat gold in Delhi dropped to Rs 75,813 on Friday, a significant decrease of Rs 1,200 ...
Gold futures plunged after Trump's election victory, as dollar strength deters investors from safe haven assets.
Economists are seeing a new U.S. dollar decline factor that could account for gold's recent surge – and they don’t see it ...
(Reuters) - Gold prices extended losses on Thursday, nearing a two-month low pressured by a strong U.S. dollar, while ...
Gold prices fell for a second straight session on Monday, while investors prepared for U.S. economic data and comments from ...
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