BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks are seen opening flat to slightly lower on Thursday as fighting rages in Ukraine for an eighth day.According to reports, Russian troops have
BOJ warns of risks to recovery prospects at April meeting (Recasts, updates prices)
May 11 (Reuters) - Gold prices inched lower on Tuesday as a rebound in dollar dented the metal’s appeal, while investors awaited U.S. consumer price data to measure whether inflationary pressure was building.
Spot gold was down 0.1% at $1,833.00 per ounce by 0721 GMT, after hitting its highest since Feb. 11 at $1,845.06 on Monday.
U.S. gold futures fell 0.2% to $1,834.20 per ounce.
“Although gold extended higher earlier today, it’s struggling to continue building momentum and part of that is concern about inflation … it isn’t a given that those job numbers mean that the Fed won’t act,” DailyFX currency strategist Ilya Spivak said.
PRECIOUS-Gold flat as U.S. yields negate firmer dollar Reuters 1 day ago May 11 (Reuters) - Gold prices were steady on Tuesday as a retreat in U.S. Treasury yields countered a slight rebound in the dollar, while investors awaited key data on inflation due later this week. FUNDAMENTALS Spot gold was steady at $1,836.26 per ounce by 0134 GMT, after hitting its highest since Feb. 11 at $1,842.91 on Friday. U.S. gold futures were down 0.1% at $1,836.40 per ounce. The dollar index was up 0.1%, making gold more expensive for other currency holders. The U.S. currency slipped to a more than two-month low in the previous session after U.S. non-farm payrolls data on Friday showed jobs growth unexpectedly slowed in April. Benchmark U.S. 10-year Treasury yields were pinned below 1.6%. Lower bond yields reduce the opportunity cost of holding non-yielding gold. Bank of Japan policymakers warned of uncertainties over the country s
Gold prices inched lower on Tuesday as a rebound in dollar dented the metal s appeal, while investors awaited US consumer price data to measure whether inflationary pressure was building. Spot gold was down 0.1 per cent at $1,833.00 per ounce by 0721 GMT, after hitting its highest since Feb. 11 at $1,845.06 on Monday. US gold futures fell 0.2 per cent to $1,834.20 per ounce. Although gold extended higher earlier today, it s struggling to continue building momentum and part of that is concern about inflation … it isn t a given that those job numbers mean that the Fed won t act, DailyFX currency strategist Ilya Spivak said. There is significant resistance for gold within the $1,855-$1,875 zone, while support is around the $1,800 level, Spivak said.
Gold falls as much as 1% to session low of $1,816.90/oz (Updates prices)
May 11 (Reuters) - Gold prices were subdued on Tuesday as rising U.S. Treasury yields countered support from a weaker dollar and investors awaited U.S. consumer price data to gauge inflation.
Spot gold fell by as much as 1% to a session low of$1,816.90 per ounce before paring losses and was down 0.1% at $1,834.19 per ounce by 1:43 p.m. EDT (1743 GMT).
U.S. gold futures settled down 0.1% at $1,836.1.
“If yields continue to rise, this may drag the precious metal lower despite the risk-off mood,” said Lukman Otunuga, senior research analyst at FXTM.