Morning Call
Thursday, September 7, 2023
Sep 6 (Reuters) - Gold languished near one-week lows on Wednesday on strength in the dollar and Treasury yields, driven by expectations for U.S. interest rates to stay elevated for longer and worries about China’s economy.
Spot gold was flat at $1,926.30 per ounce by 1209 GMT, after hitting its lowest since Aug. 29 earlier in the session. U.S. gold futures were little changed at $1,952.40...[LINK]
Sept 5 (Reuters) - Gold slipped to a one-week low on Tuesday as investors sought the U.S. dollar after weak data in China, although rising expectations for a pause in interest rate increases by the U.S. Federal Reserve limited losses.
Spot gold declined 0.4% to $1,930.33 per ounce by 1126 GMT, eyeing its biggest daily drop since mid-August. U.S. gold futures fell 0.6% to $1,955.80...[LINK]
Sep 1 (Reuters) - Gold prices firmed on Friday as investors braced for U.S. jobs data that could confirm the economy’s recent cooling trend and reduced rate hike expectations that have set gold on track for its second straight week of gains.
Spot gold climbed 0.2% to $1,943.80 per ounce by 1008 GMT and was poised for a 1.5% weekly gain after prices touched one-month highs on Wednesday. U.S. gold futures were up 0.2% at $1,970.40...[LINK]