Gold eases amid hope for lockdown easing

Vinson

Gold fell after climbing 1.3 per cent overnight, as safe-haven demand weakened after US jobless claims rose less than a week ago and hopes grew for an easing of coronavirus-led curbs. Spot gold eased 0.2 per cent at $US1,711.29 per ounce by 1830 GMT. US gold futures settled down 0.5 […]

Gold price dips along with equities

Vinson

Gold prices have fallen, a day after scaling over seven-year highs, as the dollar firmed and investors booked profits, although concerns of a global recession put a floor under prices. Spot gold fell 0.6 per cent to $US1,716.79 per ounce. On Tuesday, prices had jumped as much as 1.9 per […]

Gold rallies to more than seven-year peak

Vinson

Gold soared nearly 2.0 per cent to hit its highest since late 2012, with investors rushing to the safety of bullion as the coronavirus ravaged economies worldwide and triggered the rollout of huge stimulus plans. Spot gold gained 1.3 per cent to $US1,735.85 per ounce, having earlier jumped as much […]

Gold prices shoot over seven-year peak

Vinson

Gold soared over 1.5 per cent to its highest in more than seven years as panicked investors scurried towards the safe-haven metal on fears of coronavirus blow to the global economy and US corporate earnings. Spot gold surpassed the key $US1,700 pivot to touch its highest since December 2012 earlier […]

Shares slip, crude mixed as gold jumps

Vinson

Stocks on Wall Street have mostly slid over concerns of what the coronavirus pandemic will do to corporate earnings while crude prices were mixed as a global deal on record output cuts failed to quell doubts the pact would head off an oil glut. Gold prices rose to their highest […]

Gold steady as markets await Fed minutes

Vinson

Gold prices held steady as investors awaited the release of minutes from the US Federal Reserve’s policy meeting, which is expected to provide further clues on stimulus measures amid rapid surge in coronavirus cases. Spot gold were little changed at $US1,648.43 per ounce, having hit a near one-month high on […]

Gold drops on hopes of a virus slowdown

Vinson

Gold prices have fallen over 1.0 per cent, retreating from a near one-month high hit earlier in the session, as signs of slowdown in coronavirus cases in major epicenters boosted equity markets, drawing away some of the bullion’s safe-haven appeal. Spot gold fell 1.0 per cent to $US1,644.51 an ounce […]

Gold jumps on COVID-19 stimulus measures

Vinson

Gold prices surged over 2.0 per cent to a more than three-week high on Monday on expectations of global stimulus measures to counter the economic damage caused by the outbreak of the novel coronavirus. Spot gold was up 2.3 per cent at $US1,653.35 per ounce, having hit its highest level […]

Gold rises on bleak US payrolls data

Vinson

Gold prices edged higher after gloomy US nonfarm payrolls data magnified the economic toll from the coronavirus, although a stronger dollar capped bullion’s advance. Spot gold was up 0.4 per cent to $US1,619.40 per ounce on Friday. US gold futures settled 0.5 per cent higher at $US1,645.70 per ounce. “Gold […]

Gold up as virus fears boost safety buying

Vinson

Gold prices firmed as investors sought safe-haven assets after sombre US economic data exacerbated fears of a economic downturn amid increasing lockdowns and other restrictions globally to combat the coronavirus pandemic. Spot gold was up 0.6 per cent at $1,580.29 an ounce, having earlier risen as much as 1.8 per […]