Monthly Archives: January 2018

Gold prices end week near 17-month peak, hers the outlook for Jan. 29 – Feb. 2

Gold prices ended lower on Friday but remained in sight of the previous day’s 17-month peak as the U.S. dollar was pressured by data pointing to slower U.S. economic growth and comments by a senior U.S. official backing a weaker currency. Gold futures for February delivery settled down 1.06% at $1,348.40 on the Comex division […]

Gold slides in wake of dollar-supportive comments by President Trump

Gold prices continued to fall on Friday, after the dollar got a boost from comments by U.S. President Donald Trump. Prices began to fall on Thursday after President Trump said he wanted to see a stronger dollar and expressed optimism that the battered U.S. currency would strengthen. On Friday, February gold fell $8.60, or 0.6%, […]

Gold Edges Lower to Start the Week; U.S. Government Shutdown in Focus

Gold prices edged lower to start the week on Monday, as investors took a relatively calm view of the partial shutdown of the U.S. federal government. Comex gold futures were at $1,331.10 a troy ounce by 3:20AM ET (0820GMT), down around $2.00, or 0.2%, from the last session’s closing price. Meanwhile, silver futures inched down […]

Gold Prices Edge Higher Today as Dollar Slips

Gold prices moved higher on Wednesday as the dollar dropped to one-and-a-half month lows against the yen amid speculation that the Bank of Japan could move to scale back its massive stimulus program later this year. Comex gold futures were trading at $1,315.20 a troy ounce by 04:59 AM ET (09:59 AM GMT), up around […]

Gold prices mark highest finish since September, Gold up over 10% in 2017

Gold prices continued to rise Tuesday for an eighth session in a row, settling at their highest level since September. Prices got a boost from a weaker dollar, with the ICE U.S. Dollar Index down a fifth-straight session, and concerns surrounding protests in Iran feeding safe-haven demand for the precious metal. February gold added $6.80, […]