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Gold Market Report Headlines

PRECIOUS-Gold heads for worst week since early Dec as dollar gains

Gold prices slipped on Friday and were headed for their sharpest weekly drop in 2-1/2 months as the dollar strengthened during the week. Spot gold was down 0.4 percent at $1,326.65 an ounce as of 0741 GMT, heading for a fifth session of fall in six. It has shed 1.6 percent so far this week, its biggest since the we

PRECIOUS-Gold prices inch down on firmer dollar

Gold prices slipped on Friday on a stronger dollar and the yellow metal was on track for its sharpest weekly drop in 2-1/2 months. FUNDAMENTALS * Spot gold was down 0.2 percent at $1,329.16 an ounce at 0127 GMT. Prices gained 0.6 percent in the previous session, in their biggest one-day percentage rise since Feb. 14. * The precious metal was on track for its biggest weekly fall since the week ended Dec. 8, 2017. * U.S. gold futures

PRECIOUS-Gold dips on steady dollar, U.S. interest rate outlook

Gold prices edged lower for the fifth straight session on Thursday as the dollar was bolstered by minutes of the last U.S. Federal Reserve meeting that showed policymakers backed further interest rate hikes. "The high interest rate environment would be key driver that would drive gold prices lower

PRECIOUS-Gold prices flat, U.S. interest rate outlook weighs

Gold prices were flat on Thursday, weighed down as minutes from the last U.S. Federal Reserve meeting showed policymakers confident in the need to keep raising interest rates. FUNDAMENTALS * Spot gold was largely flat at $1,323.73 an ounce at 0108 GMT, a day after it fell to its lowest in a week at 1,322.20. The precious metal has dropped 1.7 percent so far this week. * U.S. gold futures were down 0.3 percent at $1,328.1 per ounce.

PRECIOUS-Gold steadies ahead of Fed minutes after steep slide

Gold steadied on Wednesday after its biggest one-day slide in 2-1/2 months as investors awaited the minutes of the Federal Reserve's latest policy meeting later for clues on the outlook for U.S. interest rates. Fresh gains in the dollar, however


Australian PM declines to offer Trump any advice on gun control

MELBOURNE Australian Prime Minister Malcolm Turnbull has declined to offer U.S. President Donald Trump any advice on gun control days after the latest mass shooting at a U.S. school, despite Australia's success in cutting gun violence.