TAG XAU/USD

Gold Pushes Past $1300 After Trump Cancels Summit

Gold has steadied in the Friday session, after posting strong gains on Thursday. Currently, the spot price for one ounce of gold is $1306.01, up 0.09% on the day. On the release front, it’s a busy day. The focus is on durable goods reports, with expectations of mixed results. Core durable goods orders is expected to climb…

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Gold Unsteady as Investors Await FOMC Minutes

Gold continues to hug the $1290 line in Wednesday session, where it has hovered for much of the week. Earlier in the day, gold moved close to $1300 but has since retracted. In North American trade, the spot price for one ounce of gold is $1291.20, down 0.01% on the day. New Home Sales dropped to 662…

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Gold Dips as China-US Tariff Spat Eases

Gold has started the new trading week with losses. In Monday’s North American trade, the spot price for one ounce of gold is $1289.63, down 0.22% on the day. It’s a very quiet day on the release front, with no key indicators on the schedule. The sole event is a speech from FOMC member Raphael Bostic.…

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Gold Continues to Drift at $1290

Gold is trading sideways in the Thursday session. In North American trade, the spot price for one ounce of gold is $1290.46, down 0.03% on the day. On the release front, key U.S indicators were a mix. Unemployment claims climbed to 222 thousand, above the estimate of 216 thousand. This was the highest reading in 4…

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Gold Steadies After Slipping Below $1300

Gold is trading sideways in the Wednesday session, after sharp losses on Tuesday. In North American trade, the spot price for one ounce of gold is $1290.61, down 0.03% on the day. On the release front, construction numbers were mixed. Building Permits remained steady at 1.35 million, matching the forecast. Housing Starts dropped to 1.29 million,…

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Gold Trading Sideways, US Retail Sales Next

After a mostly quiet week, gold has continued the trend in the Monday session. In North American trade, the spot price for an ounce of gold is $1319.86, up 0.10% on the day. It’s a very quiet day on the fundamentals front, with no economic indicators on the schedule. On Tuesday, the focus will be…

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Gold Trading Sideways After Trump Bombshell

Gold is trading sideways in the Wednesday session. In North American trade, the spot price for an ounce of gold is $ 1313.48, down 0.08% on the day. On the release front, producer price inflation reports were soft. PPI dropped to 0.1%, shy of the estimate of 0.2%. Core PPI edged lower to 0.2%, matching the forecast.…

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Gold Gains Ground on Trade War Concerns

Gold has posted strong gains in the Thursday session, after trading sideways on Wednesday. In North American trade, the spot price for an ounce of gold is $1313.89, up 0.69% on the day. On the release front, unemployment claims edged up to 211 thousand, easily beating the estimate of 225 thousand. In the services sector, ISM Non-Manufacturing…

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