Aberdeen Standard Gold Etf Trust ETF News

Prices of precious metals rose on Friday as the fears related to inflation in the United States and to the geopolitical turmoil between Russia and the western countries. US Security Advisor Jake Sull

The gold markets have rallied significantly during the course of the trading week, to reach towards the highs of the last couple of months.

Uganda must pay the Democratic Republic of the Congo (DRC) 325 million dollars in reparations related to the brutal conflict between the two nations from 1998 to 2003, the International Court of Justice (ICJ) has ruled. ICJ stated this in a statement issued after delivering a judgment between the two countries from its headquarters in The Haque, Netherlands. Delivering its judgement on Wednesday, ICJ broke down the compensation, awarding the DRC 225 million dollars for damage to persons, which includes loss of life, rape, recruitment of child soldiers and displacement of civilians. The country will also receive 40 million dollars for damage to property, and 60 million dollars for damage to natural resources, including the looting and plundering of gold, diamonds and timber. The Court notes that the reparation awarded to the DRC for damage to persons and to property reflects the harm suffered by individuals and communities as a result of Ugandas breach of its international obligations, Joan Donoghue , the ICJ President said.

Gold price consolidates US inflation-led losses, as the dust settles. However, the downside appears limited, according to FXStreet’s Dhwani Mehta. Gol

Spot gold fell 0.2% to $1,822.66 per ounce

Gold prices fell on February 11 morning under pressure from the strengthening dollar, investors assess the prospects for sharp action by the US Federal Reserve

Ravi Singh, Vice President and Head of Research, ShareIndia said that US consumer prices rose solidly in January, leading to the biggest annual increase in inflation in 40 years. "This can fuel financial market speculation for an interest rate hike from the Federal Reserve next month and shooting benchmark U.S. and German treasury yields to multi-year highs" he added.

Gold prices may be at risk following another 40-year high US inflation print as the US Dollar and Treasury yields rally. A Dark Cloud cover looms over the daily XAU/USD chart.

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Gold Down as Strong U.S. Inflation Data Increase Chances of Fed Rate Hike

Gold prices slipped on Friday, as a stronger-than-expected U.S. inflation reading and hawkish comments from a Federal Reserve official ramped up odds for a hefty interest rate hike next month, sending Treasury yields higher. Spot gold fell 0.1% to $1,825.29 per ounce by 0141 GMT, while U.S. gold futures dropped 0.7% to $1,824.50.

Gold prices slipped on Friday, as a stronger-than-expected U.S. inflation reading and hawkish comments from a Federal Reserve official ramped up odds for a hefty interest rate hike next month, sending Treasury yields higher.

The prices of gold and silver vary across the country due to excise duty, state taxes, and making charges.

Trading in a tight $3.50c/oz range in Asia Friday, with Japan out on holiday, gold, XAU/USD, is flat on the day so far following a lively day on Wall

Gold investors and traders witnessed a roller coaster ride with extreme volatility as the CPI data was released this morning.