25 Articles
25 Articles
Gold Prices Slide Toward 6-Month Low as Trade Tensions Ease and Dollar Strengthens
Gold prices edged lower on Friday and were on track for their steepest weekly decline in six months, as easing U.S.-China trade tensions and a stronger U.S. dollar reduced demand for the precious metal's safe-haven appeal. Spot gold slipped 0.1% to $3,235.59 per ounce as of 0027 GMT, putting it on course for a weekly loss of over 2%—its worst weekly performance since November. Meanwhile, U.S. gold futures inched up 0.4% to $3,239.20 per ounce. T…
Gold hits lowest level in more than a month
Shafaq News/ Gold prices hit their lowest level in more than a month on Thursday, ahead of key US data expected to provide clues on the path of the Federal Reserve's monetary policy. Spot gold fell 0.8% to $3,153.09 per ounce by 03:03 GMT, after hitting its lowest level since April 10 earlier in the session. US gold futures fell 1% to $3,156.90. Wall Street's major indices closed mixed on Wednesday, with the Dow Jones Industrial Average falling …
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