Business News Asia
Gold futures faced a steep decline on Friday, as the U.S. dollar strengthened and U.S. government bond yields rebounded following the release of strong employment numbers in the country. The drop saw gold futures fall by $54.2, or 2.81%, to…
Gold futures slipped ahead of the Federal Reserve’s monetary policy meeting on Wednesday, February 1st. The New York gold market closed before the Fed’s decision from the meeting. Investors took profits before the outcome of the Fed meeting, and shortly…
Gold futures rose $6.1 or 0.31% to close at $1,945.3 per ounce on Tuesday (Jan. 31) as the weakening dollar boosted the market. Investors were closely watching the outcome of the Federal Reserve meeting, scheduled to be announced on Wednesday…
Gold contracts ended Monday (Jan. 30) lower, with the market influenced by a strong dollar and investors taking profits after six consecutive weeks of gains, the longest period since August 2020. The appreciation of the dollar index, which measures the…
Gold prices closed slightly lower on Friday, January 27th, but rose for the sixth week in a row after hitting nine-month highs earlier in the week. The gold futures were pressured by the dollar’s appreciation ahead of the Federal Reserve’s…
Gold futures closed lower on Thursday (Jan 26) as strong US economic data prompted investors to sell gold as a safe haven asset. In addition, the strength of the dollar also weighed on the gold market. The strong economic data…
Gold futures closed higher on Wednesday, January 25th, supported by a weak dollar and expectations that the US Federal Reserve (Fed) will slow down on raising interest rates at its upcoming meeting. Analysts at City Index noted that gold futures…
Gold futures closed for a fourth straight day on Tuesday, January 24th, with markets still buoyed by expectations that the Federal Reserve (Fed) will slowdown a rate hike at its weekly meeting. In addition, the dollar’s depreciation is also a…
Gold futures closed higher on Monday, January 23rd, buoyed by expectations that the Federal Reserve (Fed) will delay a rate hike at its next meeting next week. Gold continues to move at its highest level since April 2022, driven by…
Gold contracts closed higher on Friday, January 20th, as investors responded to expectations that the US Federal Reserve (Fed) will slow down the interest rate hike. The president of the Philadelphia Fed announced on Friday that he expects a 0.25%…
