Financial News Hub
Critical updates. Market reactions. No noise - just what investors need to know.
Gold Falls Sharply as Strong U.S. Jobs Data Revives Fed Rate-Hike Concerns
Gold prices experienced a volatile week as geopolitical uncertainty offered only limited safe-haven support, while stronger U.S. labor data, rising Treasury yields, and renewed concerns over higher interest rates pushed the precious metal sharply lower.
Gold and Silver Rise as Crude Oil Retreats on Deal Hopes
Gold and silver prices moved higher in late U.S. trading on Thursday, supported by weaker crude oil prices, softer U.S. Treasury yields and a lower U.S. dollar. Investors are now turning their attention to the U.S. May employment report, which is expected to be released on Friday.
U.S. Dollar Near Two-Month High as Gulf Tensions Escalate, Japanese Yen Approaches Intervention Zone
The U.S. dollar continued to hold near a two-month high on Thursday as renewed tensions in the Gulf weakened investors’ risk appetite. Amid rising geopolitical uncertainty, demand for safe-haven assets helped support the greenback.
Gold Rises as Softer Dollar and Lower Oil Prices Support Market Sentiment
As of 02:18 GMT, spot gold rose 0.7% to USD 4,461.09 per ounce. U.S. gold futures for August delivery gained 0.5% to USD 4,487.90 per ounce. The weaker dollar made gold, which is priced in U.S. dollars, more affordable for holders of other currencies.
Other articles
Gold Holds Steady, Silver Edges Higher as Oil Rises on Iran Uncertainty
At the time of writing, spot gold was trading around $4,488.30 per ounce, up 0.07%. Spot silver was trading near $75.195 per ounce, gaining 0.44% on the session.
Gold Edges Higher as Treasury Yields Ease Amid Middle East Uncertainty
As of 04:20 GMT, spot gold rose 0.5% to USD 4,507.56 per ounce. U.S. gold futures for August delivery also gained 0.7% to USD 4,538 per ounce.
Global Stocks Hit Record Highs While Oil Heads for a Sharp Weekly Drop on Hormuz Deal Hopes
Global financial markets continued to show mixed but notable movements at the end of the week. While world stocks climbed to fresh record highs, oil prices moved toward their steepest weekly decline in nearly two months, as investors grew more optimistic that the United States and Iran could reach an agreement to reopen the Strait of Hormuz and extend their ceasefire.