NYSEARCA:UGL

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$55.21
+0.89 (+1.64%)
At Close: Jun 04, 2026

Gold Steady; Markets Await U.S. CPI

08:45pm, Monday, 07'th Oct 2024
Gold was steady in the early Asian session. Dampening expectations of a larger Fed rate cut after the unexpectedly strong non-farm payrolls report was capping precious metals' price upside, Sucden Fin
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include cover
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include cover
Silver and platinum are moving lower as demand for precious metals declines.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter
The gold market has gone back and forth in a slight range, as the market continues to see plenty of reasons for the gold market to continue to see a lot of volatility, as well as bullish behavior.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter
Middle East conflict boosts gold prices, but the strong U.S. dollar and rising Treasury yields could limit gains. Inflation data will be key this week.
Resilient U.S. economy and China's stimulus dampen gold's appeal, signaling a bearish outlook as XAU/USD remains below the key $2,648 pivot.
US Jobs Report boosts risk appetite, fuels Asian stock gains. Nikkei 225 and Hang Seng advance as investors eye the Middle East conflict.

Gold Falls on Weaker Sentiment

09:11pm, Sunday, 06'th Oct 2024
Gold edged lower in early Asian trade. Strong U.S. jobs data has lowered the pressure for bigger Fed rate cuts.
Asian markets diverge: Hang Seng surges, ASX dips on Fed outlook, and Nikkei declines despite weaker yen, as China stimulus drives HK demand.
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