Tag: gold prices
With the US Treasury market signalling that a recession may be on the horizon, investors have been swarming into bullion-backed exchange-traded funds.
Concerns over a concurrent US-China trade war remain high, prompting a rush on safe-haven assets such as bonds, gold and the Japanese yen.
Gold rallies to hit a six-year high.
Gold is headed for the longest stretch of weekly gains since 2011 as investors count down to the release of a highly-anticipated US jobs report that could provide clues on the Federal Reserve’s interest rate path.
Asian equities suffer fresh losses, the dollar rises and gold retreats after top Federal Reserve officials dent hopes for a big interest rate cut next month, while traders also fret over this week's meeting between Trump and Xi.
Oil prices break US$1,400 a barrel to hit a near six-year high as the weaker dollar, economic concerns and geopolitical tensions saw investors pile into the safe-haven commodity.
Gold surges to the highest in more than five years after the US Federal Reserve indicated a readiness to cut interest rates.
Analyst says the global economy is slowing, so central banks should intervene in supporting their economy.
Analysts say that gold prices will rise against the weakening dollar due to the limited US growth prospect.
Analysts say that gold's recent consolidation was buoyed by the financial market's indecision.
Gold prices will be firmly supported as economic uncertainties and geopolitical risks increase, say analysts.
US central bank held rates steady in late January and promised to be "patient" in rate moves.
Spot palladium, platinum and silver also gain in value.
Gold prices fall among uncertainty.