Commodities News

Spot Gold eases as US Dollar holds near six-month high

Spot Gold eased on Monday, as the US Dollar held close to a six-month high, while investors weighed the Federal Reserve’s interest rate outlook. A firmer dollar makes dollar-priced Gold less appealing to international investors holding other currencies. “The dollar index is up near six-month highs, it’s above 100 and if it continues to trade […] Read more

Gold eyes weekly loss as US job growth cools Fed cut hopes

Spot Gold was on course for a weekly loss, while the US Dollar was eyeing its best week in over a month, as stronger-than-expected US employment data added to expectations that the Federal Reserve would abstain from lowering borrowing costs in December. Employers in all sectors of the US economy, excluding farming, added 119,000 job […] Read more

Silver tracks slide in Gold on reduced Fed rate cut bets

Spot Silver retreated on Thursday, tracking a slide in Gold, due to a firmer US Dollar and as market players scaled back expectations of a Fed interest rate cut next month. An increasing number of Fed officials have signaled reticence on further rate cuts due to inflation concerns and indications of relative stability in the […] Read more

Spot Gold falls on diminished Fed rate cut expectations

Spot Gold eased on Thursday due to a firmer US Dollar and as market players scaled back expectations of a Fed interest rate cut next month. An increasing number of Fed officials have signaled reticence on further rate cuts due to inflation concerns and indications of relative stability in the US labor market. The minutes […] Read more

Spot Silver soars over 3% amid risk aversion

Spot Silver gained more than 3% on Wednesday after recent slide amid broader risk aversion, as market players awaited the FOMC minutes release and a delayed US employment report. Silver tracked a rally in Gold despite a firm US Dollar. Investor focus now sets on the minutes from the Federal Reserve’s October meeting, which will […] Read more

Spot Gold rises in risk-off move, Fed minutes, NFP ahead

Spot Gold rebounded on Wednesday after recent slide amid broader risk aversion, as market players awaited the FOMC minutes release and a delayed US employment report. “Gold has somewhat had its momentum thwarted by the stronger USD and doubts about when the next Fed rate cut may arrive,” KCM Trade Chief Market Analyst Tim Waterer […] Read more

Spot Gold extends losses on easing Fed rate cut prospects

Spot Gold extended its streak of losses on Tuesday, as market players scaled back expectations of a US interest rate cut next month. A firmer US Dollar also weighed on the precious metal. Fed Vice Chair Philip Jefferson said on Monday the central bank had to “proceed slowly” with policy easing, which dented expectations of […] Read more

Spot Silver rebounds as investors look to US macro data

Spot Silver surged on Monday, following Friday’s sell-off, as investors awaited a string of US macro data this week, including the September Non-Farm Payrolls report on Thursday, which may provide more insight regarding the health of the US economy. Precious metals faced heavy selling pressure at the end of last week, as market players scaled […] Read more

Spot Gold steadies as focus sets on US macro data

Spot Gold steadied on Monday, following Friday’s sell-off, as investors awaited a string of US macro data this week, including the September Non-Farm Payrolls report on Thursday, which may provide more insight regarding the health of the US economy. “The selling pressure on gold last Friday was probably a bit overdone, hence we are seeing […] Read more

Spot Gold eyes weekly gain as USD heads for 2nd weekly loss

Spot Gold was on course for a weekly advance, while the US Dollar was eyeing its second straight weekly loss, as investors awaited more US macro data to assess the probability of a December rate cut by the Federal Reserve. “This week, gold has done well and it’s mainly because of a bit of a […] Read more