-
Gold slides from 1-week high on profit-booking, US dollar strength
Gold prices slid on Wednesday as investors booked profits after prices briefly climbed to a more than one-week high in earlier trade as a stronger dollar weighed on sentiment across the precious metals complex ahead of key US jobs data due this week. Spot gold fell 0.7% to $4,466.19 per ounce, as of 0330 GMT. Bullion touched a record high of $4,549.71 on December 26. US gold futures for February delivery were 0.4% lower at $4,477.30. “(Precious metals) have gone up (quickly) this week and there’s always a bit of profit-taking the dollar has also helped pressure prices,” said GoldSilver Central managing director ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From fxstreet.com | Jan 6, 2026
Gold price (XAU/USD) rallies on Tuesday for the fourth straight day, shy of reclaiming the $4,500 figure even though US Treasury yields rise along with the Greenback, which is also gaining 0.20%. At the time of writing, XAU/USD trades at $4,487, up nearly 1%. Precious metals traders continued to push Gold and Silver toward record high levels amid ...
From msn.com | Jan 6, 2026
Gold and silver prices rose again early Tuesday as investors continued to buy up haven assets. President Donald Trump’s recent ouster of his Venezuelan counterpart Nicolás Maduro has added new risks to financial markets that are likely to persist–pointing toward more gains for precious metals. Gold futures rose 1% to $4,496.60 an ounce, after jumping close ...
From kitco.com | Jan 6, 2026
Gold and silver are no longer basic investments seen solely as hedges against inflation; they have transformed into cornerstone assets in the global economy. The yellow metal is now viewed as an important monetary asset and an alternative to the U.S. dollar, while the grey metal is a key component in the evolution and electrification of the global economy. ...
