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Gold Prices Surge as Weak Economic Data Prompts Fed to Pause Rate Hikes

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[ad_1] Last Updated: June 09, 2023, 01:48 IST New York, United States of America (USA) Spot gold rose 1.2% to $1,962.49 per ounce by 01:42 p.m. EDT (1742 GMT). U.S. gold futures settled up 1% at $1,978.60. (Reuters File Photo) Spot gold rose 1.2% to $1,962.49 per ounce by 01:42 p.m. EDT (1742 GMT) Gold … Read more

Gold Prices Slip as US Yields Tick Higher, Focus Still on Fed

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[ad_1] Last Updated: June 08, 2023, 00:54 IST New York, United States of America (USA) U.S. gold futures fell 1% to $1,961.50. Spot gold slipped 0.9% to $1,945.99 per ounce by 12:07 p.m. EDT (1607 GMT) Gold prices fell on Wednesday, weighed by an uptick in U.S. bond yields, while investors looked forward to inflation … Read more