Gold prices rose $4.91 an ounce on Monday to settle at their highest level since March 3 as expectations of gradual rate hikes helped provide a lift to the metal.
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Gold prices settled at $1229.28 an ounce on Friday, scoring a gain of 2% on the week, as the dollar came under pressure.
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Gold rose for a second straight session on Thursday as weakness in the dollar bolstered demand for the precious metal.
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Before the Federal Bank announced raising the US interest rates, the Gold prices were around 1200$ an ounce.
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Gold prices ended Wednesday’s session up $20.45 as a softer dollar lured investors back into the market.
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Gold prices ended Tuesday’s session down $5.01 but remained within the trading range of the past four days.
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Gold prices dropped $1.7 an ounce yesterday as a stronger dollar and gains in equity markets weighed on the metal and investors awaited outcome of the Federal Reserve’s policy meeting.
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Gold prices settled at $1204.32 an ounce, falling 2.32% over the course of the week, as pressure from a stronger dollar weighed on investor appetite for the precious metal.
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Gold markets fell initially during the day on Thursday, testing the $1200 level.
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Gold markets fell again during the day on Wednesday, as we continue to see bearish pressure.
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Gold prices dropped $8.07 on Monday, extending last week’s losses, as growing confidence that U.S. interest rates will rise this month outweighed haven buying amid political uncertainty in France.
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Gold ended the week down $22.99 at $1234.54, breaking a four-week winning streak, as an extreme shift in expectations of interest rate hikes weighed on the market.
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Gold markets fell initially on Wednesday, showing quite a bit of negativity.
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Gold prices initially fell yesterday but rebounded well off the daily lows and closed the session slightly higher.
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Gold prices fell $4.06 on Tuesday, extending their losses to a second straight session, as investors grew more confident that the Federal Reserve could raise interest rates as early as this month.
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