Gold, dollar
Digest more
Gold fell more than 1% on Monday, pressured by a stronger dollar and expectations of higher interest rates as the Middle East conflict fuelled inflation concerns. Spot gold was down 1.5% at $5,091.62 per ounce.
Gold and silver rose after weak jobs data were reported, but still finished lower for the week.
Gold prices notch first weekly drop in five weeks as traders reassess Fed rate cuts, inflation and oil’s surge amid Mideast tensions—read the outlook now.
A stronger U.S. dollar and lower expectations of interest rate cuts in the near-term are headwinds for gold prices. The precious metal's outperformance over the past year might also explain why it isn't doing much now,
By Niket Nishant, Alun John and Dhara Ranasinghe March 5 (Reuters) - Turmoil in the Middle East has sent investors scrambling for safety once more, reigniting a debate over which assets truly offer protection in times of stress.
Gold prices finished lower on Monday, extending their decline from last week, with the precious metal struggling as the U.S. dollar becomes the "preferred 'fea
The President on Monday suggested that the war could be nearing its end—even as he pledged continued military pressure.