Straits Times Index
3,115.08 -1.23 (-0.04%) S&P 500
3,640.47 -78.57 (-2.11%) Dow
29,225.61 -458.13 (-1.54%) Nasdaq
10,737.51 -314.13 (-2.84%) BTC-USD
19,498.28 -50.24 (-0.26%) CMC Crypto 200
444.40 -1.58 (-0.35%)
Palladium Dec 22 (PA=F)
| Pre. Settlement | N/A |
| Settlement date | 2022-12-28 |
| Open | 2,151.00 |
| Bid | 2,208.50 |
| Last price | 2,169.10 |
| Day's range | 2,117.00 - 2,260.00 |
| Volume | |
| Ask | 2,218.00 |
- Reuters
Gold bounces from 2-1/2-year trough as dollar rally cools
Gold prices rebounded from a 2-1/2-year low on Tuesday as a slight pause in the dollar rally helped restore greenback-priced bullion's allure, although risks from looming rate hikes persisted. Spot gold was 0.5% higher at $1,629.69 per ounce by 1:46 p.m. EDT (1746 GMT), after climbing over 1% to $1,642.29 earlier in the session. "Today is just a little bit of a recovery after some of the extreme weakness seen over recent days ... but I don't think there's really any fundamental change taking place in the gold market," said Ryan McKay, commodity strategist at TD Securities.
- Reuters
Gold drops to 2-1/2-year lows as dollar extends rally, yields firm
Gold prices dropped over 1% to their lowest since April 2020 on Friday, hurt by an unrelenting rally in the U.S. dollar and Treasury yields as the Federal Reserve adopts a more aggressive stance to check surging inflation. Spot gold was down 1.4% at $1,646.89 per ounce at 12:29 p.m. EDT (1629 GMT), after dropping as much as 1.8% to $1,640.20 earlier in the session. "We're seeing relentless dollar strength here and that's going to keep gold vulnerable in the short term," said Edward Moya, senior analyst with OANDA.
- Reuters
Gold recovers as Russian threats drive investors to safe-haven asset
Gold rose on Wednesday as Russian President Vladimir Putin's move to mobilize more troops over the conflict in Ukraine drew investors to the safe-haven asset, offsetting pressure from a firmer dollar and looming U.S. interest rate hikes. Spot gold rose 0.3% to $1,667.41 per ounce by 11:46 a.m. ET (1546 GMT). Putin on Wednesday called up 300,000 reservists to fight in Ukraine and said Moscow would respond with the might of all its vast arsenal if the West pursued its "nuclear blackmail".
