Global News

[ad_1] Last Updated: July 04, 2023, 00:41 IST New York, United States of America (USA) Gold also garnered support from a pullback in the dollar after data showed U.S. manufacturing slumped further in June. (Representative image) Spot gold was up 0.1% at $1,920.49 per ounce by 1:54 p.m. EDT (1754 GMT), while U.S. gold futures settled little changed at $1,929.50 Gold prices edged up on Monday, as the U.S. dollar and Treasury yields retreated on weaker economic readings, casting doubts over whether the Federal Reserve may stick to its hawkish policy outlook. Spot gold was up 0.1% at $1,920.49 per ounce by 1:54 p.m. EDT (1754 GMT), while U.S. gold futures settled little changed at $1,929.50. Bullion lost 2.5% in the April to June quarter. “Gold has probably found a home around 1900," said Edward Moya, senior market analyst at OANDA. “There’s some positioning happening here … the market last week seemed to be slowly pricing in more Fed rate hikes, but data going forward might sugg

[ad_1] Last Updated: June 28, 2023, 00:32 IST New York, United States of America (USA) Choose a jewellery brand that is recognised as a reliable name to invest in. Check for hallmarked jewels, which ensures a high resale value while adding splendour enchantment to any event. (Image: Reuters File) Spot gold fell 0.6% to $1,911.53 per ounce by 2:08 p.m. EDT (1808 GMT), while U.S. gold futures settled 0.5% lower at $1,923.80 Gold reversed course to slip on Tuesday after strong U.S. economic readings, while traders positioned for Federal Reserve Chair Jerome Powell’s speech and more data that could offer clues on future interest rate hikes. Spot gold fell 0.6% to $1,911.53 per ounce by 2:08 p.m. EDT (1808 GMT), while U.S. gold futures settled 0.5% lower at $1,923.80. U.S. consumer confidence increased in June to the highest level in nearly 1-1/2 years, while new single-family home sales rose by a more-than-expected 12.2% in May. “Gold did not like the news," said Edward Moya, sen