July 31 (Reuters) - Gold pared losses and was poised for its best month in four on Monday as top central banks switch to a more cautious posture about further moves in their year-long round of global monetary tightening.
Spot gold was unchanged at $1,959.50 per ounce by 1132 GMT after slipping as much as 0.5% earlier. U.S. gold futures ticked 0.1% lower to $1,959.30...[LINK]
July 28 (Reuters) - Gold regained some ground on Friday as the dollar retreated, but still headed for its worst week in five after data pointing to a resilient U.S. economy soured bets for a dovish tilt in U.S. monetary policy.
Spot gold rose 0.6% to $1,956.69 per ounce by 1133 GMT, up from its lowest since July 12. U.S. gold futures gained 0.5% to $1,955.70...[LINK]
July 27 (Reuters) - Gold hovered near a one-week high on Thursday as the dollar slipped on renewed expectations that an end to the Federal Reserve’s interest rate cycle was on the horizon, with focus on the European Central Bank’s impending decision.
Spot gold rose 0.3% to $1,977.19 per ounce by 1204 GMT, after earlier hitting its highest since July 20. U.S. gold futures were up 0.4% to $1,977.70...[LINK]
With a slight corrective setback in the #dollar, this morning's recovery bounce in gold and silver is not surprising.
We suspect many traders are holding on the sidelines ahead of this afternoon's US Fed decision and statement. With market expectations pegging today's US rate hike as nearly a certainty, the focus of the markets will be on the tone and direction of future policy dialogue in the Fed's statement.
However, investors continued to exit gold ETF holdings with an outflow yesterday of 127,436 ounces while silver ETF holdings advanced minimally by 224,436 ounces, leaving both gold and silver holdings down 2.2% year-to-date...[MORE]
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July 26 (Reuters) - Gold prices climbed on Wednesday due to some safe-haven demand before the U.S. Federal Reserve delivers a widely expected rate hike later in the day, as traders see the fight to tame inflation nearing its endgame.
Spot gold rose 0.4% to $1,972.22 per ounce by 1145 GMT, while U.S. gold futures gained 0.5% to $1,973.60...[LINK]