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Thursday, November 26, 2020

Gold edges high on easing dollar, U.S. stimulus bets

Gold edged higher on Tuesday as the dollar weakened and hopes for a U.S. coronavirus aid package ahead of the presidential election boosted bullion’s appeal as an inflation hedge. Spot gold rose 0.4% to $1,912.71 per ounce. U.S. gold futures settled up 0.2% at $1,915.40. “Gold...

Gold gains on weaker dollar, U.S. stimulus bets

Gold climbed on Monday as a softer dollar and optimism over a new U.S. stimulus agreement before next month’s presidential election lifted demand for bullion as an inflation hedge. Spot gold was up 0.7% at $1,911.41 per ounce. U.S. gold futures rose 0.5% to $1,915.30. The...

Gold slips from 3-wk high on prospect of limited U.S. stimulus

Gold prices fell from a three-week peak on Monday as expectations of an inadequate U.S. coronavirus relief bill dented the appeal of bullion, which is used as a hedge against likely inflation. Spot gold fell 0.3% to $1,923.56 per ounce, after hitting its highest since...

Gold rises on softer dollar, U.S. stimulus hopes

Spot gold rose 0.3% to $1,898.31 per ounce by 0054 GMT. U.S. gold futures were up 0.4% at $1,902.60. The dollar index was on track for a second consecutive weekly decline. Gold prices edged higher on Friday, supported by a weaker dollar and optimism over a new...

Gold holds $1,900 level on Trump COVID news, set for best week in 8

Gold clung to the $1,900 level in choppy trading on Friday, with gains capped by a firm dollar, but bullion remained headed for its biggest weekly rise in eight weeks as U.S. President Donald Trump’s COVID-19 positive test hurt risk sentiment. Spot gold eased 0.2%...

Gold slips as dollar firms after Trump, Biden face off

Spot gold fell 0.5% to $1,889.66 per ounce by 0357 GMT, after hitting a one-week high of $1,899.12 earlier in the session. Spot gold was on track to post it worst monthly fall since November 2016, dropping 4% so far this month. U.S. gold futures...

Gold record biggest day gain on dollar retreat, amidst focus Trump-Biden debate

Spot gold rose 0.15% to $1,883.69 per ounce by 0058 GMT. Prices rose 1.1% in the previous session, its biggest one-day gain since late August. U.S. gold futures were up 0.4% at $1,889.70. ...

Gold slips to over two-month low as dollar gains

Gold prices slumped more than 2% on Wednesday to the lowest level in over two months as the dollar advanced, with investors awaiting further response from major central banks at a time of economic uncertainty. Spot gold dipped 1.9% to $1,862.56 per ounce, having hit...

Gold rises as dollar weakens, eyes second weekly gain

Gold prices rose on Friday, en route to a second straight weekly gain, as the dollar weakened and on concerns about economic recovery from the coronavirus crisis. Spot gold rose 0.6% to $1,953.72 per ounce, and was up 0.6% so far this week. U.S. gold...

Gold falls after U.S. Fed dampens hopes for more stimulus

Gold prices fell on Thursday to the lowest in more than a week, after the U.S. Federal Reserve dashed investors’ hopes for more stimulus to support the coronvirus-hit economy. Spot gold dropped 0.8% to $1,943.87 per ounce, after falling to its lowest level since Sept....
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