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Dollar gains after 3-day slide (Updates prices) May 19 (Reuters) - Gold prices eased on Wednesday as the U.S. dollar ticked higher, with investors waiting for the latest round of Federal Reserve policy meeting minutes to gauge its stance on interest rates in the wake of rising inflation concerns. Having risen for four sessions to its highest since Jan. 29 at $1,874.80 per ounce on Tuesday, spot gold fell 0.2% to $1,864.51 by 1239 GMT. U.S. gold futures dipped 0.1% to $1,865.20. “The recent gains we’ve seen in gold prices were quite unexpected. The dollar was weaker indeed so that helped,” Julius Baer analyst Carsten Menke said. ....
Gold’s new short term range is $1,850-$1,890- analyst U.S. yields jump to their highest in nearly a week (Recasts, updates prices, adds comments) May 19 (Reuters) - Gold fell on Wednesday from a more than four-month high it hit earlier in the session as the dollar and U.S. Treasury yields rose after minutes from a Federal Reserve meeting showed the central bank might be inching closer to taper talks. Spot gold eased 0.1% to $1,866.64 by 3:34 p.m. EDT (1934 GMT), having earlier risen as much as 1.2% to its highest since Jan. 8 at $1,889.75. U.S. gold futures settled up 0.7% at $1,881.50. ....
Silver eases off more than three-month peak Spot gold may break support at $1,859/oz - technicals (Adds chart, updates prices) May 19 (Reuters) - Gold prices edged higher on Wednesday to hover around a four-month high, helped by a weaker dollar, ahead of minutes from the U.S. Federal Reserve’s last policy meeting that are expected to shed more light on policymakers’ views on inflation. Spot gold was up 0.3% at $1,873.01 per ounce by 0657 GMT, after hitting its highest since Jan. 29 at $1,874.80 in the previous session. U.S. gold futures rose 0.2% to $1,872. “Gold surged aggressively since the start of the week around the narrative that we could see inflation pick up in an environment where the Fed is resistant to tightening,” DailyFX currency strategist Ilya Spivak said. ....
Platinum market will be undersupplied this year -WPIC Silver hits highest in nearly three months (New throughout, updates prices, market activity and comments) May 17 (Reuters) - Gold prices climbed on Monday to their highest in more than three months, with the precious metal appealing to cautious investors as U.S. Treasury yields remained subdued even as stock prices fell on inflation worries. Spot gold jumped 1.3% to $1,866.84 per ounce by 1:50 p.m. EDT (1750 GMT), after hitting its highest since Feb. 1 at $1,868.26. U.S. gold futures settled up 1.6% at $1,867.60. “There’s a flight to safety out of the equity markets . and anticipation that we’re going to continue to see inflation numbers trend much stronger going forward,” said Jeffrey Sica, founder of Circle Squared Alternative Investments. ....