Gold steadied on Friday in seesaw trade as the dollar retreated on lacklustre U.S. jobs data, putting bullion on course to notch its best week in six weeks following a surge of more than 2% in the previous session as U.S.-China trade relations soured further.
Gold prices steadied on Tuesday, a day before the conclusion of the Federal Reserve's two-day policy meeting, as investors awaited more information on the outlook for interest rate cuts by the U.S. central bank.
July 29 Gold prices firmed on Monday on
expectations of a rate cut by the Federal Reserve this week,
while investors awaited cues on the future trajectory of
monetary easing by the U.S. central bank.
* GRAPHIC-2019 asset returns: http://tmsnrt.rs/2jvdmXl
* Powell: Fed will act "as appropriate" to sustain economic
July 9 Gold edged up on Tuesday after falling to
a one-week low earlier in the session as investors used the drop
in prices to buy the yellow metal with bullion holding a key
Gold prices edged lower on Monday as increasing expectations that the U.S. Federal Reserve will not aggressively cut interest rates later this month boosted the dollar, making gold expensive for holders of other currencies.
BENGALURU Rice export prices in India inched up this week, helped by a stronger rupee and a slight uptick in demand, while other hubs in Asia struggled to compete with rates offered by the top exporter.
Gold steadied on Wednesday, paring earlier gains as a rally in equities reduced the attraction of the non-yielding metal, while global growth concerns and prospects for dovish monetary policy kept bullion supported.
July 2 Gold prices rose 1.5% on Tuesday, a day
after posting the biggest one-day percentage fall in 2-1/2
years, as U.S. Treasury yields fell on worries over global
growth and renewed concerns over global trade.