gold Archive

Gold recovers from prior day’s drop, still down for the week

Gold futures stepped higher early Friday, bouncing back from the prior day’s dollar-driven dip, but they still showed a moderate drop for the week. December gold GCZ5, +0.67% rose $6.80, or 0.6%, to $1,172.90 an ounce, while December silver SIZ5, +0.93% tacked on 14 cents, or 0.9%, to $15.98 an ounce. On Thursday, gold futures [&hellip

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Metals Stocks: Gold rallies, scores best settlement in over a week

Gold futures on Tuesday scored for their highest settlement in more than a week, up a third session in a row, as investors focused on the expectation that benchmark interest rates will be lower for longer. December gold GCZ5, +0.44% climbed by $8.80, or 0.8%, to settle at $1,146.40 an ounce on Comex. That was [&hellip

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Metals Stocks: Gold sinks on stronger dollar, commodity woes

Gold futures turned lower as a stronger dollar and a global rout in commodities weighed on the precious metal in early Tuesday trade. Gold futures for December delivery GCZ5, -0.20% gave up $3.60, or 0.3%, to trade at $1,128.10 an ounce, a day after the yellow metal recorded its largest single-day point and percentage drop [&hellip

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Metals Stocks: Gold catches its breath after 2-day skid

Gold futures traded little changed early Wednesday, with the yellow metal showing muted action after falling for two sessions in a row. December gold futures GCZ5, +0.38% gained 30 cents, or less than 0.1%, to $1,125.10 an ounce, while December silver SIZ5, +0.43%  tacked on 4 cents, or 0.3%, to $14.80 an ounce. On Tuesday, [&hellip

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Metals Stocks: Gold eyes 2-day losing streak as dollar weighs

Gold futures retreated for a second day Tuesday, as the dollar ticked higher amid expectations that the Federal Reserve will raise benchmark interest rates sometime this year. The gold market is also experiencing a “short-term correlation with stocks as nervous funds again throw the baby out with the bath water,” said Mark O’Byrne, executive director [&hellip

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Metals Stocks: Gold futures retreat after last week’s gain

Gold futures fell on Monday, set to give back some of last week’s sizable gains as prospects for a U.S. interest-rate hike in October helped provide a lift to the U.S. dollar and equities, dulling investment demand for the precious metal. December gold GCZ5, -0.54%  lost $6.50, or 0.6%, to $1,131.30 an ounce on Comex. [&hellip

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