Browsing: Gold

Gold investing has gained popularity in recent years due to the current economic climate, characterized by persistent inflation that has eroded the value of the US dollar and driven investors to seeking inflation-hedging assets such as commodities.

Gold prices ticked up on Monday, as investors assessed diminishing bets of U.S. interest rate cuts ahead of a key inflation report due later in the week.

The bodies of five miners have been recovered from the Hillo artisanal mine, and another three people were unaccounted for,…

Gold prices ticked up on Friday and were on track for a weekly gain, as recent economic data prompted traders to raise bets of an interest rate cut from the Federal Reserve later this year.

Gold fell to a one-month low on Friday despite weaker-than-expected U.S. jobs data, extending a correction from last month’s stellar rally as investors booked profits while geopolitical risks eased.

Gold prices were poised for a second straight weekly decline, although bullion held nearly steady on Friday as investors remained cautious ahead of the U.S. non-farm payrolls data that could provide cues on the Federal Reserve’s rate cut timeline.

A total of 290 tonnes of gold were purchased around the world between January and March, marking the largest purchase ever made during the first quarter of any year, the World Gold Council reported on Tuesday.

LONDON – Gold prices held steady on Monday as investors waited for the Federal Reserve policy meeting and U.S. non-farm payrolls data due this week for policy clues.

The southern African country dumped the Zimdollar earlier this month after it lost more than 70% of its value against the U.S. dollar

Spot gold was down 0.7% to $2,311.07 per ounce by 9:09 a.m. ET (1309 GMT) after earlier hitting its lowest since April 5