Browsing: Gold

Gold prices drifted lower on Tuesday as the U.S. dollar firmed, while investors await remarks from U.S. Federal Reserve Chair Jerome Powell scheduled to speak after the central bank’s policy meeting wraps up on Wednesday.

Gold prices slipped on Monday as the dollar held firm and investors braced for a slew of policy decisions from major global central banks including the U.S. Federal Reserve this week.

Spot gold rose 0.1% to $2,162.10 per ounce, as of 1206 GMT. U.S. gold futures remained unchanged at $2,167.50

Gold prices were poised for their biggest weekly jump in five months on Friday, hovering near a historic high, as Federal Reserve Chair Jerome Powell’s remarks cemented mid-year interest rate cut bets, ahead of a U.S. key jobs report later in the day.

The MoU outlines a comprehensive joint work programme, focusing on key initiatives including tackling hand-carried gold in illicit trade

Shortly after 1330 GMT, gold advanced to $2,141.79 per ounce, surpassing its prior peak of $2,135.39 that was struck in early December, before pulling back slightly

Gold prices inched down on Friday, but were on track for their first weekly rise in three as a broadly weaker U.S. dollar and growing tensions in the Middle East lifted bullion’s appeal.

Recent data has shown signs of improvement in global manufacturing activity

Spot gold was up 0.2% at $2,016.45 an ounce by 1247 GMT at its highest since Feb. 13

Spot gold was flat at $2,003.95 per ounce, as of 0222 GMT, but has lost nearly 1% for the week so far