Gold price edges lower as investors weigh virus risks to global growth

Mining News Pro - Gold edged lower as investors weighed mixed labor data from the U.S., the Federal Reserve’s hawkish tilt and the threat of the omicron variant to global growth.

Gold price drops to 2-week low as Fed opens door to faster tapering

Mining News Pro - Gold erased more than two weeks’ worth of gains on Monday, pressured by a firmer dollar and expectations that the US Federal Reserve may accelerate the pace of policy tightening to combat inflation.

Gold price holds near 5-month high as inflation pressures remain

Mining News Pro - Gold prices bounced back on Wednesday, holding near their highest levels since June, as inflation worries continue to push investors toward the safe-haven metal.

Gold price rally stalls as China data shows growth stabilizing

Mining News Pro - Gold steadied as investors mulled what’s next for inflation and monetary policy, while scrutinizing better-than-expected economic data from China.

Gold price spike brings value for smart business

Mining News Pro - Spot gold prices have hit another five-month high – the second time in 2021 they’ve peaked at such an interval – reaching $US1866 ($2544) per ounce to end Friday, November 12.

Gold price extends rally to hit 2-month high

Mining News Pro - Gold extended its rally on Monday despite facing pressure from rising US treasury yields, as investors try to maneuver around market-wide expectations that key central banks will keep interest rates low in the near term.

Gold price back above $1,800 as Fed prepares to taper asset purchases

Mining News Pro - Gold prices surpassed the key $1,800 level on Monday as investors continue to assess the Federal Reserve’s likely response to inflationary pressures after its chair said last week that inflation “could last longer than expected.”

Gold price shoots higher on US labor data disappointment

Mining News Pro - Gold prices advanced past the key $1,750 level on Thursday as investors sought haven after a new labor report pointed to an uneven recovery in the US jobs market.

Gold price woes continue on rising dollar, yields

Mining News Pro - Gold extended losses on Tuesday with the US dollar and Treasury yields both staying strong, as investors await the outcomes of a mandated speech given by Federal Reserve chair Jerome Powell to the Congress.

Gold price back above $1,800 on US inflation data miss

Mining News Pro - Gold pared earlier losses and rose above the $1,800 level once again after the latest US inflation data came in slightly lower than expected, which may ease fears that the Federal Reserve will be forced to taper its bond buying soon.

Gold price recovers from recent selloff, supported by physical demand spike

Mining News Pro - Gold extended its recovery from the recent selloff on Friday as a retreat in the US dollar enticed investors to snap up the safe haven metal.

Gold price dives to 4-month low on concerns of early Fed tapering

Mining News Pro - Gold extended its slump after a stronger-than-expected US jobs report last week fueled bets that the Federal Reserve may start paring back its massive monetary stimulus soon.

Gold price plummets as US employment data beat expectations

Mining News Pro - Gold prices took a hard fall on Friday after a strong US employment report boosted expectations the Federal Reserve could begin tapering its economic support sooner than previously anticipated.

Gold price jumps to 2-week high as Fed maintains dovish tone

Mining News Pro - Gold prices jumped by more than 1% on Thursday after moving sideways over the past week, as investors reacted to the US Federal Reserve’s dovish messaging after keeping the benchmark interest rate near zero (as expected).

Gold price hits 4-week high following Powell’s dovish commentary

Mining News Pro - Gold prices moved higher on Wednesday following dovish commentary from Federal Reserve Chair Jerome Powell, which helped ease fears of early tapering even as more inflation data beat expectations.

Gold price on track for third straight weekly gain

Mining News Pro - Gold prices are poised for a third weekly advance as fears that coronavirus variants may endanger the global economic recovery caused investors to opt for havens.

Gold price hits 10-week low, heading for worst month since 2016

Mining News Pro - Gold prices fell on Tuesday to the lowest since mid-April as the US dollar firmed on mounting concerns about the delta coronavirus strain in Europe.

Copper, gold price bulls nurse their wounds but fight’s not over yet

Mining News Pro - The commodities boom has taken a knock this month, and while there are many reasons to still bet on a so-called supercyle, it’s unlikely to be plain sailing.

Mining stocks in broad sell-off as copper, gold prices pull back

Mining News Pro - Mining stocks retreated across the board on Thursday after the gold price fell sharply and copper dropped below $10,000 for the first time in almost a month.

Caledonia’s lower quarterly production offset by higher gold price

Mining News Pro - Caledonia Mining recorded gross revenues of $25.7-million for the quarter ended March 31, with higher revenues year-on-year reflecting a higher realised gold price, offset by lower sales as a result of lower production.

Gold price shrugs inflation news, holds near 3-month high

Mining News Pro - Gold prices held close to three-month highs on Tuesday, as investors weighed rising inflation expectations and comments from Federal Reserve officials for clues on monetary policy going forward.

Gold price en route to best week in 6 months

Mining News Pro - Gold continued its steady advance on Friday — en route to its best week since November 2020 as US jobs figures for the month of April fell below expectations, spurring a retreat in both the dollar and US Treasury yields.

Gold price nears 2-month high on stronger US retail data

Mining News Pro - Gold prices rose to their highest since late February following declines in both the dollar and bond yields Thursday, placing the precious metal on course for a second straight weekly gain.

Gold price rebounds on US inflation data

Mining News Pro - Gold prices rebounded on Tuesday from their lowest levels in more than a week after new data showing a sharp rise in US inflation bolstered bullion’s appeal as an inflation hedge and weighed on the dollar.

Gold prices surge to six-week highs

Mining News Pro - Spot gold prices have risen to a high of $US1759.70 ($2298.06) per ounce on Thursday, reaching its highest point in over a month.

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