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Gold prices slightly declined as investors were reluctant to make large bets ahead of the U.S. inflation report. Spot gold fell 0.1% to $3,312.85 per ounce, having risen 0.6% so far in May. U.S. futures gold dropped 0.2%. Investors are awaiting the Fed's preferred inflation gauge—the April Personal Consumption Expenditures Price Index data. Federal Reserve officials indicated that there may be two rate cuts this year, but current rates should remain stable. The world's largest gold-backed exchange-traded fund, SPDR Gold Trust, saw its holdings rise to 930.20 tons
Gold prices fell due to a stronger dollar, marking the worst weekly performance in three months. On Friday, spot gold dropped 1% to $2,846.19 per ounce, with a cumulative decline of 3.1% for the week. The U.S. January PCE rose by 0.3%, in line with expectations, and the market remains cautious about the Federal Reserve's interest rate cuts. Safe-haven gold is still expected to rise for the second consecutive month, influenced by Trump's tariff plans. Silver, platinum, and palladium all recorded monthly declines
Gold prices fell due to a stronger dollar, expected to record the largest weekly decline since November. Investors are focused on the upcoming U.S. inflation data for clues on Federal Reserve monetary policy. Spot gold is quoted at $2,864.33 per ounce, down 0.4%. Gold prices have dropped 2.5% this week but rose 2.2% in February. The dollar index has increased by 0.7% this week, making gold more expensive for foreign buyers. Market strategists indicate that a stronger dollar may lead to profit-taking
Gold prices fell by more than 1% as the dollar rose. Additionally, investors are awaiting the upcoming U.S. inflation data. New York futures gold closed at $2,895.9 per ounce, down 1.2%. Spot gold earlier reported at $2,874 per ounce, down nearly 1.5%
Gold prices fell due to a stronger dollar and rising U.S. Treasury yields, with spot gold down 0.6% to $2,897.91. The market is focused on the upcoming U.S. PCE data to assess the Federal Reserve's policy direction. Analysts point out that if the PCE data is stronger than expected, it may impact gold prices. Meanwhile, prices for silver, platinum, and palladium also declined
