Precious Metal Market
Gold prices rose on Monday as the U.S. dollar weakened, with investors awaiting further details on U.S. President Donald Trump’s tariff plans, which could escalate global trade tensions.
Gold prices slipped on Wednesday after rising to an all-time high in the previous session, as Federal Reserve Chair Jerome Powell’s hawkish comment cemented views of slower rate cuts this year, while investors awaited a key U.S. inflation report.
Gold prices edged higher on Thursday, hovering near record highs hit in the previous session, as tensions in the China-U.S. trade war lifted safe-haven demand, while investors awaited the U.S. jobs data for clues on the future direction of interest rates.
Gold prices hit a record high on Wednesday, bolstered by fears of a new trade war between the United States and China after Beijing slapped tariffs on U.S. imports in a response to new U.S. duties on Chinese goods.
Gold prices firmed on Tuesday, holding near a record peak hit in the previous session, as lingering U.S. tariff and inflation concerns boosted safe-haven demand, while focus was also on key jobs data due this week.
By Haresh Menghani
Gold prices were flat in early Asian hours on Thursday after the Federal Reserve’s decision to hold interest rates steady offered little clarity on the U.S. monetary policy path this year.
Gold prices rose for a second session on Tuesday as the dollar weakened, with markets evaluating the possible consequences of U.S. President Donald Trump’s policies in his second term after his inauguration.
Gold prices were stable on Thursday after hitting their highest levels in more than a month, as softer U.S. core inflation data lifted expectations of interest rate cuts, although news of a ceasefire accord between Israel and Hamas capped further gains.
Gold prices hovered near a four-week high on Friday, poised for their best week since mid-November, as investors awaited U.S. jobs data to gauge how aggressively the Federal Reserve might cut interest rates this year.
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