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Palladium Sep 22 (PA=F)

NY Mercantile - NY Mercantile Delayed price. Currency in USD
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2,269.00-19.40 (-0.85%)
As of 03:14AM EDT. Market open.
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  • Reuters

    Gold set for fourth weekly rise on bruised U.S. dollar

    Gold prices steadied on Friday, heading for their fourth consecutive weekly gain, as broader weakness in the dollar countered pressure from an uptick in Treasury yields and prospects of U.S. interest rate hikes. Spot gold held its ground at $1,790.23 per ounce, as of 0511 GMT, and has gained nearly 1% so far this week. It came a day after news that consumer prices (CPI) were unchanged in July due to a drop in gasoline prices.

  • Reuters

    Gold inches lower on rate hike expectations by Federal Reserve

    Gold prices edged lower on Thursday, weighed down by prospects of more rate hikes by the U.S. Federal Reserve even as data pointed to signs of inflation peaking. Spot gold fell 0.1% to $1,789.83 per ounce by 1741 GMT. "Gold's been lingering near the key $1,800 level as the market has toned down rate hike expectations, which has also weakened the dollar," although most Federal Reserve commentary continues to hint at more rate increases, said David Meger, director of metals trading at High Ridge Futures.

  • Reuters

    Gold ticks lower after Fed officials call for more rate hikes

    Gold reversed course to trade lower on Wednesday as hawkish remarks from U.S. Federal Reserve officials dampened hopes of a let-up in aggressive policy tightening after tame inflation data. Spot gold was down 0.3% to $1,788.39 per ounce by 3:34 p.m. ET (1934 GMT). "Gold initially had a knee-jerk reaction after tamer inflation data as investors expected a less aggressive Fed. But, then they realised the data is tamer not tame," said Jim Wyckoff, senior analyst at Kitco Metals.