Gold prices ended Thursday’s session down $10.14 an ounce as a surprisingly positive assessment of the U.S. economy from the Federal Reserve continued to weigh on the market.
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Gold prices dropped $10.01 on Wednesday as the prospect of a December rate hike by the Federal Reserve gave a lift to the U.S. dollar and weighed on the metal.
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Gold prices ended Tuesday’s session with slight gains as the dollar weakened ahead of the Federal Open Market Committee meeting.
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Gold prices ended Monday’s session down $11.98 as investors awaited the outcome of the Federal Reserve’s two-day policy meeting.
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Gold ended the week down 1.23% at $1320.35 an ounce, ending its three-week winning streak, as signs of stabilization in riskier markets took some momentum away from the precious metal.
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Gold prices rose $7.79 an ounce on Thursday as the dollar softened despite better-than-expected U.S. inflation data.
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Gold prices dropped $9.12 on Wednesday as the dollar extended its rally. Easing geopolitical concerns dulled desire for safe haven diversification and pushed major U.S. stock indexes to fresh records.
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Gold edged higher on Tuesday, recovering a portion of the previous day’s losses, as the dollar pared gains.
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Gold prices ended Monday’s session down $9.25 as investors continued to cash in profits from a recent rally that pushed the market to the highest level in a year.
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Gold prices settled at $1346.48 an ounce on Friday, rising nearly 1% over the course of the week, as safe-haven demand continued to lure investors into the market.
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Gold prices ended Thursday’s session up $14.62 an ounce, helped by a slumping U.S. dollar.
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Gold prices ended lower on Wednesday as the majority of market participants opted to remain on the sidelines ahead of the European Central Bank meeting.
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Gold prices fell in U.S. trading on Wednesday, giving back all of the gains made in the previous session.
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Gold prices rose $5.28 on Tuesday to settle at their highest levels in nearly a year as the weakness in the dollar and equities markets whetted investors’ appetite for the relative safety of the precious metal.
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XAU/USD swung between gains and losses after opening with a gap up and ended the day with minor losses.
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