Gold prices rallied in Dollar terms Thursday as silver held at 1-week lows and global stock markets fell again with crude oil after weak US inflation and economic data combined with hawkish comments from voting members of the Federal Reserve
Gold edged back from new 9-month highs against the Dollar on Monday as small outflows from gold-backed ETF the GLD contrasted with heavy speculation on Comex futures and options amid a slew of newspaper columns reporting record-heavy central-bank bullion buying
Gold prices steadied below $1800 per ounce on Monday after last week s volatile swings on soft inflation and a hawkish Fed capped a tug of war year between war and inflation versus rate hikes and the strong US Dollar
Dollar gold prices fell $20 on Monday from Friday s 4-month high above $1800 but analysts called the outlook supportive thanks to the deeply inverted US yield curve signalling a 2023 recession ahead of this week s inflation data and Fed interest-rate decision
Both gold and silver prices rallied after yesterday s drop from new multi-month highs versus the US Dollar on Tuesday but the giant GLD and SLV bullion-backed ETFs shrank again ahead of next week s Fed decision on interest rates