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Gold at 1-1/2-month low as resilient U.S. dollar dents bullion appeal

Monday,   18-Jan-2021   09:00 (IST)

Gold prices dropped to their lowest in 1-1/2 months on Monday, as a stronger U.S. dollar made bullion expensive for other currency holders, despite expectations of a large COVID-19 relief package in the United States. Spot gold fell 0.3% to $1,820.46 per ounce by 0048 GMT, having fallen to their lowest since Dec. 2, 2020 at $1,809.90 earlier in the session. U.S. gold futures GCv1 eased 0.7% to $1,816.80. The U.S. dollar strengthened to its highest in four weeks against rival currencies. U.S. President-elect Joe Biden said on Friday he wants 100 million COVID-19 vaccine shots during his first 1...

Gold edges up on Biden's stimulus proposal

Friday,   15-Jan-2021   08:47 (IST)

Gold rose on Friday as U.S. President-elect Joe Biden unveiled a massive stimulus plan, while U.S. Federal Reserve Chair Jerome Powell's commitment to keep monetary policy dovish further boosted t...

Oil mixed as Chinese lockdowns raise demand questions

Friday,   15-Jan-2021   08:46 (IST)

Oil prices were mixed on Friday as strong import data from China, the world's biggest crude importer, that boosted sentiment earlier ran into concerns about Chinese cities in lockdown due to coron...

Gold rises on inflation bets ahead of Biden unveiling stimulus

Thursday,   14-Jan-2021   08:53 (IST)

Gold prices rose on Thursday ahead of U.S. President-elect Joe Biden's coronavirus stimulus proposal, while data showing U.S. consumer prices rose solidly in December bolstered bets of higher infl...

Oil prices dip on rise in virus cases; U.S. stock draw checks losses

Thursday,   14-Jan-2021   08:52 (IST)

Oil prices eased for a second day on Thursday as mounting coronavirus cases globally raised demand concerns, although a drawdown in U.S. crude stocks for a fifth straight week capped losses. Brent cru...

Gold rises as rally in U.S. dollar, Treasury yields hits brakes

Wednesday,   13-Jan-2021   08:59 (IST)

Gold prices edged up on Wednesday as the dollar pulled back and the U.S. Treasury yields traded lower, while the outlook of a massive U.S. fiscal stimulus further boosted the metal's appeal as an ...

Oil prices extend gains after U.S. inventory drop

Wednesday,   13-Jan-2021   08:59 (IST)

Oil prices rose on Wednesday, with U.S. crude gaining for a seventh day, after an industry report showed a further drop in inventories and investors shrugged off worsening developments in the pandemic...

Oil prices sapped by rising virus cases; anticipated drop in U.S. inventory stems losses

Tuesday,   12-Jan-2021   09:21 (IST)

Oil prices slipped on Tuesday as investors remained concerned about climbing coronavirus cases globally, though an anticipated drawdown in crude oil inventory in the United States for a fifth straight...

Gold gains as stocks dip on Washington worries, rising virus cases

Tuesday,   12-Jan-2021   09:01 (IST)

Gold ticked higher on Tuesday as Asian stocks slipped on political ferment in Washington and a global surge in coronavirus cases, although a firmer dollar and higher U.S. Treasury yields limited gains...

Gold hits near 6-week low on firmer dollar, higher Treasury yields

Monday,   11-Jan-2021   09:24 (IST)

Gold prices touched a near six-week low on Monday, extending losses from the previous session, as a stronger dollar and higher U.S. Treasury yields pressured the non-yielding bullion. Spot gold fell a...

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