Blog / Articles

Gold prices fell on Tuesday as market participants awaited tariff updates, while an inflation report showed a widely expected increase in U.S. consumer prices last month.

The gold market is holding on to solid gains back above $3,300 an ounce, even as the U.S. labor market remains fairly resilient with the number of job openings jumping more than expected in May.

Central banks around the world are snapping up gold (GC=F) at a record pace while forecasting a pullback in US dollar reserves in the years ahead.

Gold slipped more than 1% on Monday as traders took profits after prices hit an eight-week high, while the market focused on Israel-Iran tensions and the Federal Reserve's policy meeting this week.

Gold prices firmed on Monday, supported by a softer dollar, as investors awaited further details on the U.S.-China trade relations, along with the Federal Reserve's policy meeting due later this week.

Gold prices are struggling to hold support at $3,200 as significant profit-taking has triggered the largest selloff of the precious metal in five years. However, some analysts say that this correction shouldn't come as a surprise, given the substantial rally in prices both this year and over the past 12 months.

March 26 (Reuters) - Gold prices edged down on Wednesday as the U.S. dollar ticked up, while market participants braced for U.S. President Donald Trump's sweeping reciprocal tariff plans, which they fear will fuel inflation and hinder economic growth.

The gold market continues to drive toward $3,000 an ounce and it remains the standout asset in a world filled with economic uncertainty and geopolitical turmoil, according to one fund manager.

March 6 (Reuters) - Gold prices dipped on Thursday due to rising U.S. Treasury yields and profit-taking, while market attention turned to Friday's payrolls data for insights into the Federal Reserve's monetary policy move.

Gold continues to demonstrate remarkable strength in early 2025, trading near record levels while the U.S. dollar faces mounting pressure. The precious metal reached an unprecedented closing price of $2,957 per ounce on Thursday, February 13, marking a significant surge from its December position of $2,600.