Gold this week

Gold futures gave up earlier gains to finish lower on Friday, but posted their fourth weekly gain in five weeks as investors weighed demand for the haven metal against a backdrop of muted trading in U. Orders for durable goods sank The steep drop in bookings last month was the second biggest ever since the government began keeping track in the early s. Consumer sentiment, however, appeared to stabilize toward the end of April following the biggest decline ever.

Gold prices hold steady on more stimulus hopes post US jobs data

Gold eased back on Friday from its highest in nearly two weeks, as investors grew hopeful about economies reopening after COVID lockdowns, but a continued wave of central bank stimulus kept bullion on course for a weekly gain.

Spot gold fell 0. Prices were up 0. Also limiting gold's appeal, slightly better-than-expected data from the United States showed job losses in April hit The unemployment rate was Still, overall the U. The April nonfarm payrolls data lifted the U. Wall Street's indexes are on course for their first weekly increase in three, as investors pinned their hopes on supply chains coming back on track and a revival in consumer spending after several U.

However, "the primary drivers for strength in gold - interest rates at zero, massive spending and deep concerns about a second wave of infection - remain powerful so gold's prospects remain strong over the medium term," said Tai Wong, head of base and precious metals derivatives trading at BMO. The latest batch of week U. Lower U. President Donald Trump threatened new tariffs.

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Markets are betting on gold prices will rise as bond rates hit rock bottom following weeks of monetary and fiscal intervention, but analysts warn investors to "take. Silver was the better performer this week is up 54¢ for a % gain. Gold is increasingly receiving mainstream attention as a portfolio alternative in the face of low-.

Latest figures for Chinese gold imports for September show another poor month - below those for August, but the likely Chinese shortfall is being counterbalanced by increases in the holdings of gold ETFs and a continued high level of central bank gold Latest Swiss gold import and export figures confirm huge change in trend away from Asia, but fall-off in Asian demand counterbalanced by big pickup in gold ETF holdings. Cautiously optimistic on gold price. With the U.

As of writing, the pair was down 0. PM Johnson will announce his decision on extending the lockdown on Sunday.

Each decade has an investment theme that favors one asset class over another. What performed well over the last decade generally underperforms during the next.

Gold prices settle at 1-week high as BofA forecasts the metal will surge to $3,000

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Gold News Headlines

Gold futures settled at their highest in a week on Wednesday, as nagging concerns about the global economy helped support a rise in the precious metal, a day after prices settled at their lowest in nearly two weeks. Gold for June delivery GCM20, Prices lost 1. Some weakness early Wednesday in the dollar, against a basket of a half-dozen currencies, as gauged by the ICE U. Dollar index DXY, A softer greenback can make commodities priced in the currency more attractive for buyers using other monetary units. As gold futures settled, however, the dollar index was up 0. May silver SIK20, Our latest Big Money Poll finds U. Bernie Sanders has dropped out of the race.

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Gold eased back on Friday from its highest in nearly two weeks, as investors grew hopeful about economies reopening after COVID lockdowns, but a continued wave of central bank stimulus kept bullion on course for a weekly gain. Spot gold fell 0. Prices were up 0.

Gold ends lower, but tallies a gain of more than 2% for the week

Gold eases on firmer equities, focus on US jobs data. Gold gains as US jobs data adds to slowdown fears. Gold rises on poor US jobs data, firmer dollar caps gains. Gold eases on firmer dollar as market awaits US jobs data. No 'V'-shape return from devastating US job loss, Fed policymakers say. All rights reserved. For reprint rights: Times Syndication Service. Markets Data. Market Moguls. Expert Views. Technicals Technical Chart Visualize Screener. Forex Forex News Currency Converter. Views News. Market Watch. Pinterest Reddit.

Kitco News - The Federal Reserve surprised markets earlier in the week with an emergency basis-point interest rate cut. This, in turn, has helped the gold market see its best weekly performance in 11 years. Kitco News - Gold traders will be watching next week to see whether U. Kitco News - Patience has finally paid off for the gold bull, as demand for the precious metal has pushed prices to levels not seen in nearly six years. Kitco News - Sentiment is clearly turning bullish for gold as prices broke through critical resistance, pushing to their highest level since early-April ; however, some analysts are warning that gold could face a short-term setback next week following the Federal Reserve's monetary policy meeting. Kitco News - The gold market is seeing its best weekly performance in more than a year and some analyst have said that the precious metal has enough momentum to break through critical long-term resistance in the near-term. Kitco News - Heightened global trade tensions are pumping volatility into financial markets, but there is still not enough fear to drive gold prices materially higher, according to some analysts. Interactive Chart. Make Kitco Your Homepage.