Category Archives: news

Gold prices edge down amid firmer dollar, equities

Gold prices inched down early on Monday, pressured by firmer equities and a buoyant dollar after a bill to overhaul the tax system in the United States moved a step closer to ratification. FUNDAMENTALS Spot gold was down 0.1 percent at $1,254.16 an ounce at 0059 GMT. U.S. gold futures were little changed at $1,257 an ounce. The dollar held modest gains against the euro and yen on Monday, having received a lift after .

Gold Inches Up After Slumping To Over 4-Month Low

Gold edged up in Asian trade on Friday as investors resorted to bargain hunting after the yellow metal dropped below its recent trading range to hit the lowest in more than four months overnight. “Even as the dollar is firmer, there seems to be a bit of bargain hunting around. I do, however, think that the pressure is on the downside and rallies will still be sold,” a Hong Kong-based trader said. The dollar .

Gold Holds Near One-Week Low As Dollar Firms

Gold on Thursday held near a one-week low hit in the previous session, as the dollar firmed amid upbeat U.S. growth data and as a likely vote neared on U.S. tax legislation. The dollar index , which gauges the greenback against a basket of six major rivals, was up 0.1 percent. The U.S. Senate on Wednesday took a step toward passage of tax legislation that is a top White House priority, setting up a .