Gold poised for worst week in 3 years as US dollar rallies
Gold prices steadied near the previous session's two-month lows on Friday and were poised for their worst weekly performance in over three years as a rallying U.S. dollar and expectations of less aggressive interest rate cuts by the Federal Reserve pressured the precious metal.
Gold slumps to 2-month low as dollar marches on; Fed signals in focus
Gold fell for a fifth straight session on Thursday to hit its lowest level in eight weeks, pressured by a stronger U.S. dollar and rising Treasury yields amid uncertainty over the pace of the Federal Reserve's interest rate cuts.
Gold futures fall for the fifth consecutive session. Futures are down 1.1% to $2,559.20 a troy ounce, and fall 5.4% on week.
Markets are dismissing gold as a hedge against inflation, despite Trump's policies potentially raising US inflation.
Gold held near a two-month low amid persistent strength in the dollar, with traders winding back expectations for a Federal ...
Investor preferences seem to have shifted from gold to equities amid confidence in the President-elect's economic policies.
Gold touches lowest price since Sept. 20 US dollar hits more than four-month peak Gold poised to rise with support at ...
The U.S. dollar's sharp 6.5% surge since early October is putting significant pressure on metal prices. However, ...
Gold's price movements often signal where investors think inflation is heading, even before official numbers come out.
(Reuters) - Gold prices extended losses on Thursday, nearing a two-month low pressured by a strong U.S. dollar, while ...
Gold's skid occurred alongside the dollar's biggest weekly gain in more than a month while U.S. bond yields jumped after Fed ...
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