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Price of gold rising on weakening US dollar

The greenback weakened in early market session trade as gold approached seven-month highs this week, with signs of a slowing jobs market increasing the likelihood of softer US inflation data. ....

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Gold pressured after Fed interest rate comments

Gold has been in a downtrend for some 37 weeks and is still under pressure with its reverse-price currency the dollar being supported by Fed talk of further US interest rate hikes. ....

New York , United States , Ambar Warrick , Chhea Chhayheng , John Williams , James Bullard , Federal Reserve , Labor Department , Louis Fed President James Bullard , Jerome Powell ,

Time to buy gold after Fed talk of interest rate hikes?

This week investors were looking for confirmation on whether or not to buy gold, with the value of the US dollar being boosted by the high possibility of interest rate hikes. After dropping six days in a row from the August 15 opening price of $1,801 per ounce to the August 22 closing price of $1,735 per ounce, the yellow metal had a three-day comeback. ....

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Gold price tests $1,800 ahead of US inflation data

Gold, its price generally inverse to the dollar, has seen bullish trends return since Monday after dramatically dropping from $1,790 per ounce to $1,774 last Friday. ....

Ambar Warrick , Chhea Chhayheng , Barani Krishnan , Us Bureau Of Labor Statistics , Federal Reserve , Labor Statistics ,

Fears for gold with further US interest rate hike

Gold traders and investors were paying close attention this week to the key statement from the Federal Open Market Committee (FOMC) meeting, as were other global economy watchers. ....

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