Aug 28 (Reuters) - Gold held its ground on Monday as investors digested hawkish comments from Federal Reserve Chair Jerome Powell before a slew of U.S. economic data this week that is expected to shed light on inflation and the labour market.
Spot gold was steady at $1,914.59 per ounce by 1200 GMT. U.S. gold futures gained 0.1% to $1,942.10...[LINK]
Aug 25 (Reuters) - Gold steadied on Friday as it headed for its best week since mid-July, with support lent by a pullback in U.S. bond yields ahead of Federal Reserve Chair Jerome Powell’s keynote remarks at the Jackson Hole symposium.
Spot gold was nearly unchanged at $1,917.17 per ounce by 1149 GMT, having risen about 1.5% so far this week. U.S. gold futures shed 0.1% to $1,945.20...[LINK]
While gains this morning are not significant in #gold, the market has managed to maintain positive traction despite modest EARLY strength in the #dollar.
However, US treasury rates have posted a lower low in yield, with the lowest yield registered since August 15th. Unfortunately for the bull camp, gold ETF holdings fell by a significant 163,346 ounces yesterday pushing year-to-date sales to 4.1%.
In another negative demand development overnight Chinese net gold imports through Hong Kong declined 26% last month with overall Chinese net imports AT 25.7 metric tons compared to 34.6 in the previous month...[MORE]
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Aug 24 (Reuters) - Gold rose for a fourth straight session to a two-week high on Thursday, extending gains from the previous session fuelled by weaker U.S. data in the run up to likely interest rate guidance from central bankers at Jackson Hole.
Spot gold was up 0.3% at $1,919.07 per ounce by 0956 GMT, hitting its highest level since Aug. 10. U.S. gold futures were flat at $1,947.40...[LINK]
Aug 23 (Reuters) - Gold extended gains above $1,900 on Wednesday, drawing support from a retreat in U.S. bond yields as investors positioned for guidance from monetary policymakers at the Jackson Hole symposium.
Spot gold firmed 0.3% to $1,903.60 an ounce by 1136 GMT, drifting higher for a third straight session. U.S. gold futures rose 0.4% to $1,932.60...[LINK]
