June 2 (Reuters) - Gold prices were on track on Friday for their biggest weekly rise since early April, buoyed by hopes the U.S. Federal Reserve would not raise interest rates at its policy meeting this month, which also weighed on the dollar and bond yields.
Spot gold was up 0.1% to $1,980.49 per ounce at 1005 GMT. U.S. gold futures were up 0.1% to $1,997.40...[LINK]
Good morning. The #preciousmetals are mostly higher in early U.S. trading.
U.S. calendar features Nonfarm Payrolls (+193k expected).
June 1 (Reuters) - Gold prices edged lower on Thursday as risky assets got a boost from the passage of a U.S. debt ceiling bill ahead of the Federal Reserve’s key policy setting meeting.
Spot gold slipped 0.11 % to $1,960.09 per ounce by 1014 GMT. It fell 1.4% over the month of May. U.S. gold futures were down 0.2% on the day at $1,977.30...[LINK]
Good morning. The precious metals are mixed in early U.S. trading.
U.S. calendar features Challenger Layoffs, Initial Jobless Claims, Q1 Productivity & ULC revised, EIA Data, Manufacturing ISM & PMI, Construction Spending, Auto Sales.
FedSpeak due from Harker.
With a fresh new high for the move in the dollar to the highest level since March 15th yesterday, the gold market is short-term overbought and is facing ongoing currency-related pressure.
Surprisingly, silver has avoided the pressure seen in the early gold trade thereby signaling its continued focus on physical commodity fundamentals instead of financial/currency-related factors.
However, gold and silver should see minimal support from a continued slide in US interest rates today...[MORE]
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May 31 (Reuters) - Gold prices steadied on Wednesday yet was headed for its first monthly decline in three as the U.S. dollar climbed on expectations the Federal Reserve would keep interest rates higher for longer than previously thought.
Spot gold was largely unchanged at $1,958.69 per ounce by 1123 GMT. It has lost nearly 1.6% so far this month and $120 from its near-record highs earlier in May...[LINK]
Good morning. The precious metals are mixed in early U.S. trading.
U.S. calendar features Chicago PMI, JOLTS Job Openings, Beige Book, Ag Prices.
FedSpeak due from Collins, Barker, Harkin, & Jefferson.
May 30 (Reuters) - Gold prices bounced back from their lowest level in more than two months on Tuesday as the dollar backtracked from highs, while lingering concerns over U.S. debt ceiling negotiations has kept investors on edge and rekindled demand for safe-haven bullion.
Spot gold rose 0.6% to $1,954.79 per ounce by 1045 GMT after hitting its lowest since March 17. U.S. gold futures were up 0.49% to $1,954.00...[LINK]