-
Gold heads for weekly drop as Gulf attacks reinforce rate-hike bets
Gold prices edged higher on Friday as the dollar softened, but were on track for a weekly decline on concerns that escalating US-Iran tensions could fuel inflation and keep the US Federal Reserve on a hawkish monetary policy path. Spot gold was up 0.2% at $4,128.92 per ounce, as of 0303 GMT, and headed for an over 1% weekly fall. U.S. gold futures for August delivery were steady at $4,139.50. The dollar was at a one-week low, making greenback-priced bullion more affordable for holders of other currencies. “Gold is in consolidation mode today following yesterday’s gains, with traders hesitant to commit to ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
Trump: Agreed to Keep Negotiations With Iran Going Trump: Iran has requested US to proceed with talks BREAKING: Trump: Have agreed to Iran talks, but united states has stated to them, in no uncertain terms, that cease fire is over. 
The Islamic Republic of Iran has asked us to continue “talks.” We have agreed to do so, but the United States has stated to them, in no uncertain terms, that the Cease Fire is OVER! Thank you for your attention to this matter. President DONALD J. TRUMP
The Islamic Republic of Iran has asked us to continue “talks.” We have agreed to do so, but the United States has stated to them, in no uncertain terms, that the Cease Fire is OVER! Thank you for your attention to this matter. President DONALD J. TRUMP
QATARI NEGOTIATORS ARE IN IRAN TO MEET IRANIAN OFFICIALS IN AN EFFORT TO DE-ESCALATE TENSIONS AND CREATE CONDITIONS FOR BROADER NEGOTIATIONS TO CONTINUE; TALKS CONDUCTED IN COORDINATION WITH U.S. - SOURCE WITH KNOWLEDGE OF THE SITUATION QATAR SAYS IMPORTANT FOR IRAN, US TO IMPLEMENT MOU Talks aim to address implementation of the US-Iran memorandum of understanding and issues that triggered the recent US-Iran escalation, including disputes over navigation in the Strait of Hormuz - Source with Knowledge of Situation.
From kitco.com | 6 hr ago
Gold edged lower on Friday and was set for a weekly loss, as rising crude oil prices and escalating U.S.-Iran tensions fed concerns that the Federal Reserve may keep monetary policy tight for longer. Spot gold fell 0.4% to $4,105.97 per ounce by 1106 GMT, leaving it down about 1.6% for the week. U.S. gold futures for August delivery slipped 0.6% to ...
