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Gold falls to $4,330.40 an ounce
Another day of declines for the ultimate safe-haven asset, which is down 0.46% today, trading at around $4,330 an ounce. The drop in price is a corrective move following recent gains, which triggered a high number of profit-taking transactions.
[Source: Kitco news]
Markets reassess Fed rate outlook: gold retreats from record highs
Gold prices fell in today’s trading as investors worried that higher energy costs could push inflation up and, in turn, interest rates. The safe-haven asset fell 0.5% to $4,338.64 an ounce.
[Source: Yahoo Finance]
Gold Nears $4,500: Spot Price Gains 0.40%
The safe-haven asset par excellence continues its upward trend, surpassing $4,400 an ounce in today’s trading. The psychologically significant $4,500 threshold is coming into view, while anticipation of the inflation data is keeping investor interest high.
[Source: Yahoo finanza]
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