Gold eases amid vaccine hopes

Gold eases amid vaccine hopes

Gold retreated overnight from a more than seven-year high, as stocks and oil surged on optimism surrounding the trial of a potential COVID-19 vaccine. Spot gold fell 0.7 per cent to $US1,728.72 per ounce by 1735 GMT, after hitting its highest value since October 2012...
Gold eases amid vaccine hopes

US-China tensions help gold to 7-year high

Gold prices have jumped to levels last seen in 2012, as renewed US-China trade tensions added to concerns about a deep economic slump due to the coronavirus pandemic. Spot gold rose 0.7 per cent to $US1,741.65 per ounce by 1847 GMT. During the session it hit its...
Gold eases amid vaccine hopes

Gold gains as Fed signals more stimulus

Gold rose overnight after US Federal Reserve Chairman Jerome Powell pledged more stimulus measures, if required, to ease the economic blow from the novel coronavirus. Powell said the United States could face an “extended period” of weak growth and stagnant...
Gold eases amid vaccine hopes

Gold gains as investors bet on stimulus

Gold rose overnight on expectations of more stimulus from the US Federal Reserve to support an economy battered by coronavirus-induced restrictions, while an easing US dollar lent further support. Spot gold rose 0.3 per cent to $US1,701.44 per ounce by 1751 GMT. US...
Gold eases amid vaccine hopes

Gold dips as investors opt for dollar

Gold prices retreated overnight as the dollar benefited from safe-haven buying driven by fears over a second wave of coronavirus infections. Spot gold was down 0.3 per cent at $US1,695.75 per ounce by 1743 GMT. US gold futures settled 0.9 per cent lower at $US1,698...