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Gold slips on firmer dollar ahead of US jobs data

Gold added to overnight losses on Thursday, hurt by a stronger dollar and as investors awaited a key U.S. jobs report to gauge the timing of a Federal Reserve rate hike. Spot gold (Exchange: XAU=) had eased 0.1 percent to $1,132.30 an ounce by 0318 GMT, after dropping 0.5 percent on Wednesday. U.S. gold slipped about $1 to $1,132.40. U.S. private payrolls data on Wednesday suggested that labor ...
Source: Reuters
Gold rises on technical dealings but posts worst week in a month

Gold rose on Friday as technical indicators and suggestions the U.S. central bank may delay a rate rise provided support, but the metal was still on track to post its biggest weekly drop in five weeks amid dollar strength and strong U.S. economic data. Spot gold (Exchange: XAU=) was up 0.8 percent at $1,134.26 an ounce, but still down more than 2 percent for the week. U.S. gold for December ...
Source: Reuters
Gold coasts along as stocks perk up

Gold steadied on Thursday after suffering its biggest fall in five weeks in the prior session as stock markets recovered, but indications that a U.S. rate hike might happen later than expected kept a floor under prices. Cheered by Wall Street's rebound, Asian stocks rose led by Chinese markets whose deep tumble this week fed a global rout. "Gold has been correlated a lot with stock markets in ...
Source: Reuters
Gold falls after US data as focus shifts back to rate rise

Gold fell on Tuesday, as the dollar rebounded following upbeat U.S. housing data that supported views of a looming interest rate increase by the Federal Reserve, while silver tumbled on the heels of falling copper prices. U.S. housing starts rose to a near eight-year high in July as builders ramped up construction of single-family homes, suggesting that the economy was firing on almost all ...
Source: Reuters
Gold turns lower as dollar rises, snaps 7-week losing streak

Gold turned slightly lower on Friday as the dollar shifted higher on encouraging U.S. data and as investors weighed the impact of China's currency intervention on the timing for the first U.S. interest rate increase in nearly a decade. U.S. industrial output advanced at its strongest pace in eight months in July as auto production surged, another bullish sign for third-quarter economic growth ...
Source: Reuters
Gold pressured by rising dollar; platinum at 6½-year low

Gold retreated from intraday highs on Tuesday as the dollar moved higher and a voting member of the U.S. Federal Reserve said he is ready to support an interest rate increase in September. Platinum (New York Mercantile Exchange: @PL.1) dropped to the lowest in 6-1/2 years and palladium to the lowest since late-2012 on oversupply and sluggish auto catalyst demand. Gold prices fell from their ...
Source: Reuters