|Day's Range||28.20 - 28.60|
Investing.com -- Gold and copper prices edged lower in Asian trade on Friday as markets hunkered down ahead of key nonfarm payrolls data for more cues on the U.S. economy, although both metals marked a strong recovery from recent lows this week.
Investing.com -- Gold prices rose on Thursday, extending a recovery from two-month lows amid resurgent bets that the Federal Reserve will hold interest rates steady in June, while a bill to raise the U.S. debt ceiling drew closer towards passing after being approved by the House of Representatives.
Investing.com -- Gold prices crept lower on Wednesday as markets awaited more cues on the raising of the U.S. debt ceiling, while copper prices slid after data offered more signals of a slowing economic rebound in China.
After a persistent slide since mid-May, bullion traded on the spot market and gold futures on New York’s Comex hit two-week highs Tuesday amid fresh tensions over whether the U.S. debt ceiling deal between the White House and rival Republicans will get through Congress. “It won’t take a lot to disrupt this debt deal as optimism remains that Congress won’t mess with putting the economy at risk of an unnecessary catastrophe,” said Ed Moya, analyst at online trading platform OANDA.
Investing.com -- Gold prices fell slightly on Tuesday, sticking to more than two-month lows amid optimism over a debt ceiling deal and as expectations of more interest rate hikes by the Federal Reserve spurred flows into the dollar.
While the debt-ceiling impasse, bets on Fed rate hike pause and recession fears are driving gold higher, a stronger dollar and rise in yields are weighing on the yellow metal.
Investing.com -- Gold prices hovered near two-month lows on Thursday as markets remained on edge over raising the U.S. debt limit, while copper prices fell further amid concerns over slowing economic growth and a weak outlook for demand.
Investing.com -- Gold prices kept to a tight trading range on Wednesday as markets awaited some progress in negotiations over raising the U.S. debt ceiling, while copper prices hit six-month lows on signs of a slowdown in global manufacturing activity.
Blanke Schein Wealth Management CIO Robert Schein joins Yahoo Finance Live to discuss the best and worst stock picks for investor portfolios amid the debt ceiling debate and the economic slowdown.
Investing.com -- The U.S. debt drama is flashing red again, helping gold bulls see green.
Investing.com -- The gold bull is still intact — somewhat.
Investing.com -- It’s not just risk assets that are getting clobbered amid the U.S. debt crisis.
Inflation in the United States slowed down for the tenth consecutive month in April. It dropped below 5% for the first time since 2022. In such an environment, some sectors tend to perform better than others.
Investing.com -- Gold prices were muted on Monday, reeling from sharp losses in the prior session as hotter-than-expected U.S. labor data fueled concerns over a hawkish Federal Reserve, with focus now turning to key inflation data due this week.
Investing.com — Did gold bulls’ bubble just burst?
This gold ETF hits a new 52-week high. Are more gains in store for this ETF?
Investing.com -- Gold returned to above $2,000 an ounce on Tuesday as talk about a potential U.S. debt default gathered pace amid head-butting between Republican lawmakers and the Biden administration on how much to raise the congressional limit by to pay for America’s obligations.
Investing.com -- Gold futures ended a notch higher for April, clinching the second straight monthly settlement in the positive as bulls kept the haven not too far from the key $2,000-an-ounce mark on bets that the dollar will fall again soon.
Investing.com -- Gold prices rose to settle just a shade below the $2,000 mark on Monday as the dollar dipped ahead of a keenly-watched Federal Reserve decision on U.S. interest rates.
GLD, IAU, GLDM, SGOL and IAUM are part of the Zacks top Analyst Blog.
Gold has been shining in recent months, buoyed by safe-haven demand amid recession fears and the banking turmoil.