Category Gold

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Gold closes $8.4 higher on Fed rate hike prospects

Gold futures closed higher on Friday (Nov. 25), supported by the release of minutes from the US Federal Reserve (Fed) meeting that signaled that The Fed is likely to slow down the rate of interest rate hikes. Market trading volume…

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Gold closes $5.7 higher ahead of Fed meeting minutes release

Gold futures closed higher on Wednesday (Nov. 23) as investors awaited the release of the Federal Reserve’s November meeting minutes. According to the Labor Department, initial jobless claims rose 17,000 last week to a seasonally adjusted 240,000, above analysts’ expectations…

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Gold falls $14.8 as strong dollar weighs on markets

Gold futures closed lower on Monday (Nov. 21) as the strong dollar weighed on the market. Investors are paying attention to the minutes of the November meeting of the Federal Reserve, which will be released on Wednesday. Gold futures were…

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Gold closed 10 cents lower on profit taking

Gold futures closed lower on Tuesday (Nov. 15) as investors took profits after gold futures rose for three straight trading days. Investors took profits after the gold contract rose for three straight days. However, the gold contract declined only slightly…

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