Gold prices rose $6.13 an ounce on Wednesday, hitting the highest level in three weeks, as concerns over U.S. tax reforms weighed on the dollar.
Gold prices dropped $6.52 an ounce on Tuesday but remained within the trading range of the past eleven days.
Gold prices ended Monday’s session up 1.21%, supported by short covering in response to geopolitical concerns.
Gold prices settled at $1270 an ounce on Friday, suffering a loss of 0.24% on the week, as expectations of tighter monetary policy in the U.S pushed the dollar higher.
Gold prices rose slightly on Thursday and closed the session at $1275.88 an ounce.
Gold prices ended Wednesday’s session with gains after the Federal Open Market Committee meeting ended with a statement that saw very little reaction from the markets.
Gold prices ended Tuesday’s session down $5.16 but remained within the trading range of the past three days as investors awaited the outcome of the Federal Reserve’s two-day policy meeting.
Gold prices rose for a second straight session and settled at $1276.15 an ounce, supported by a weaker U.S. dollar index and a slide in U.S. equities.
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Gold prices ended Wednesday almost unchanged after a volatile session that saw prices swing between gains and losses as investors opted to remain on the sidelines ahead of the European Central Bank meeting.
Gold prices ended Tuesday’s session down $5.34 as gains in equity markets dented the appeal of the safe-haven metal.
Gold ended the week down 1.77%, giving up most of the previous week’s gains, as a rally in the U.S. dollar index weighed on the market and drew investors away from the precious metal.
Gold prices rose for the first time in four sessions and settled at $1289.76 an ounce as a softer dollar lent some support to the precious metal.
Gold prices dropped $4.22 an ounce on Wednesday, dragged down by a stronger dollar and U.S. equities closing at record highs.
Gold prices fell $10.22 an ounce on Tuesday, extending their losses to a second straight session, as strength in the U.S. dollar eroded the appeal of the precious metal.