Gold Gains Ground, Puts Brakes on Dollar Rally

Gold has posted gains in the Thursday session, erasing the losses seen on Wednesday. In North American trade, the spot price for an ounce of gold is $1331.17, up 0.50% on the day. On the release front, unemployment claims dropped to 222 thousand, well below the estimate of 230 thousand. Gold prices Continue Reading

Gold Slides on Concerns of Fed Tightening as Fed Minutes Loom

Gold has posted sharp losses in the Tuesday session. In North American trade, the spot price for an ounce of gold is $1330.89, down 1.16% on the day. On the release front, there are no US events on the schedule. On Wednesday, the Federal Reserve will publish the minutes of its Continue Reading

Gold Jumps as Strong CPI and Weak Retail Sales Spook Markets

Gold prices have posted strong gains in Wednesday’s North American session. Currently, the spot price for an ounce of gold is $1348.04, up 1.41% on the day. On the release front, January consumer inflation beat expectations. CPI jumped 0.5%, above the estimate of 0.3%. Core CPI remained steady at 0.3%, Continue Reading