Gold prices held steady on Thursday as investors awaited key U.S. economic data due later this week, expected to provide clearer guidance on the path of interest rates.
Gold prices climbed to their highest level in two weeks on Tuesday, supported by a weaker dollar following President Donald Trumps dismissal of Federal Reserve Board member Lisa Cook.
Gold prices posted a notable increase on Monday after falling earlier to their lowest level in two weeks, supported by a decline in U.S. Treasury yields and stronger demand for safe-haven assets amid political and economic uncertainty.
Gold prices edged higher on Wednesday, supported by a decline in U.S. Treasury yields and a slight weakening of the U.S. dollar, as investors await the Federal Reserves policy statement for signals on the future path of interest rates.
Gold prices saw a slight decline during Wednesdays trading session, influenced by increased investor risk appetite following the announcement of a trade agreement between the United States and Japan. The deal came ahead of the scheduled deadline for imposing new tariffs. Despite the decline, weakness in the U.S. dollar and falling bond yields helped limit losses.
Gold prices climbed to their highest levels in more than a month on Tuesday, supported by a weaker U.S. dollar and declining U.S. Treasury yields. The market remains on edge ahead of the looming August 1 deadline for U.S.-EU trade negotiations.
Gold prices remained broadly stable in early Asian trading on Monday, as investors maintained a cautious stance ahead of major developments in global monetary policy and trade negotiations. The metals performance reflects prevailing uncertainty in the markets as participants await decisions that could shape the trajectory of the global economy in the coming months.
Global gold prices fell on Tuesday to their lowest level in nearly two weeks, following an announcement by U.S. President Donald Trump that Iran and Israel have agreed to a ceasefire, ending a 12-day conflict. The news dampened investor demand for the precious metal as a safe haven.
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