Gold futures settled lower for a second session on Monday as strength in the dollar and a rally in equities drew investors away from the precious metals market.
Gold for April delivery GCJ5, -0.36% shed $15, or 1.3%, to settle at $1,184.80 an ounce on Comex. May silver SIK5, -1.19% lost 39.5 cents, or 2.3%, to $16.674 an ounce.
“Gold is struggling with rally fade once again with the shine being taken off by prevailing dollar strength,” said Ross Norman, chief executive officer at Sharps Pixley.
Gold futures settled with a loss on Friday, putting an end to a seven-session stretch of gains that had lifted prices to their highest level in more than three weeks.
Prices rallied particularly strongly over the past two trading sessions as declines in global equities and turmoil in Yemen helped buoy safe-haven investment demand for the metal.
Gold for April delivery GCJ5, -0.56% shed $5, or 0.4%, to settle at $1,199.80 an ounce Friday on Comex. During their seven-session climb, gold futures tallied a total gain of 4.9%. For the week, prices gained 1.3%.
May silver SIK5, -0.99% settled down 7.1 cents, or 0.4%, at $17.069 an ounce, leaving it with a weekly gain of 1.1%.
Gold futures rallied past $1,200 an ounce on Thursday to settle at their highest level since early March as investors backed away from riskier assets amid a selloff for global equities and increased tension in the Middle East.
Gold for April delivery GCJ5, -0.30% climbed $7.80, or 0.7%, to settle at $1,204.80 an ounce on Comex. Prices have now climbed for seven sessions in a row, tallying a total gain of 4.9% during their streak of gains.
May silver SIK5, -0.55% added 14 cents, or 0.8%, to end at $17.14 an ounce.
Gold futures rebounded from early weakness and posted a sixth straight winning session on Wednesday after an unexpected drop in February durable-goods orders.
Gold for April delivery GCJ5, +0.18% rose $5.60, or 0.5%, to close at $1,197 an ounce on Comex after tapping an intraday high of $1,199.30. The close was the highest since March 4.
May silver SIK5, +0.21% rose 2 cents, or 0.1%, to settle at $17 an ounce.
Gold futures scored a fifth straight session of gains on Tuesday, with European jitters and worries about a potentially overheated equity market helping to lift prices to their highest level in nearly three weeks.
Gold for April delivery GCJ5, -0.16% rose $3.70, or 0.3%, to settle at $1,191.40 an ounce on Comex — the highest settlement for a most-active contract since March 5. May silver SIK5, -0.43% advanced 9.2 cents, or 0.5%, to $16.983 an ounce.
Gold futures finished higher on Monday for a fourth session in a row with concerns surrounding Greece’s debt problems and a sharp drop in the U.S. dollar providing support for the metal.
Gold for April delivery on Comex GCJ5, -0.19% rose $3.10, or 0.3%, to settle at $1,187.70 an ounce on Comex. May silver SIK5, -0.04% added less than a penny to $16.891 an ounce. Gold ended Friday with a 2.8% gain for the week, while silver jumped around 9%.
Gold futures climbed for a third straight session on Friday to tally a weekly gain of nearly 3% as a sharp drop in the U.S. dollar buoyed investment demand.
Gold for April delivery GCJ5, +1.09% on Comex rose $15.60, or 1.3%, to settle at $1,184.60 an ounce. Prices scored weekly gain of 2.8%, based on the most-active contracts. They settled at their highest level since March 5.
Gold futures settled at a two-week high on Thursday, adding to gains that accelerated after the Federal Reserve signaled it would be less “patient” in hiking interest rates but indicated that rate increases would come at a gradual pace.
Gold for April delivery GCJ5, +0.08% on Comex rose $17.70, or 1.5%, to settle at $1,169 an ounce. Prices haven’t settled at a level this high since March 5.
May silver SIK5, -0.02% rallied 57.3 cents, or 3.7%, to end at $16.114 an ounce, which was also a two-week high.
Gold futures climbed past $1,170 an ounce in electronic trading Wednesday, extending gains from the regular trading session as the U.S. dollar took a hit in the wake of the Federal Reserve statement, which signaled that the central bank was ready to take modest steps toward rising rates.
April gold GCJ5, +1.71% on Comex settled at $1,151.30 an ounce on Comex, up $3.10, or 0.3%, before the Fed announcement. On Tuesday, prices settled at the lowest level since early November.
May silver SIK5, +2.82% fell 3.7 cents, or 0.2%, to settle at $15.541 an ounce for the Comex session, then climbed to $15.935 in electronic trading.
Gold futures settled on Tuesday at their lowest level since early November, as investors awaited the outcome of the two-day Federal Open Market Committee meeting for cues on the metal’s next direction.
The FOMC meeting concludes Wednesday with a policy statement and news conference.
Gold for April delivery GCJ5, +0.16% declined by $5, or 0.4%, to settle at $1,148.20 an ounce on Comex after settling higher for a third straight session on Monday. That was the lowest settlement for a most-active contract since Nov. 6.
Silver for the same month SIK5, -0.24% shed 3.9 cents, or 0.3%, to $15.578 an ounce.
Gold futures settled higher on Monday for a third session in a row, as weakness in the U.S. dollar helped lift the metal’s investment appeal, but pressure from a rally in the stock market kept a lid on gold’s gains.
Gold for April delivery GCJ5, +0.06% tacked on 80 cents, or 0.1%, to settle at $1,153.20 an ounce on Comex. May silver SIK5, -0.40% fared better, up 12.3 cents, or 0.8%, to $15.617 an ounce.
Gold futures held their ground above $1,150 an ounce on Friday, finding some support as economic data cooled expectations for a Federal Reserve interest-rate increase as early as June, but prices lost 1% for the week, pressured by gains in the U.S. dollar.
Gold wavered between small losses and gains. April gold GCJ5, +0.56% climbed 50 cents to settle at $1,152.40 an ounce on Comex. For the week, it logged a loss of about 1%.
May silver SIK5, +0.80% fell 2.2 cents, or 0.1%, to $15.494 an ounce — nearly 2% lower for the week.
Gold futures on Thursday scored their first gain in three sessions, with a pullback in the U.S. dollar prompting a modest rebound from gold’s lowest level in about four months.
Gold for April delivery GCJ5, +0.52% added $1.30, or 0.1%, to settle at $1,151.90 an ounce on Comex after tallying a loss of 1.4% over the past two trading sessions. Prices Wednesday closed at their lowest since early November.
May silver SIK5, +0.61% settled at $15.516 an ounce, up 15 cents, or 1%.
Gold futures fell on Wednesday with the U.S.dollar’s continued climb sinking prices for the yellow metal to their lowest level since early November.
Gold for April delivery GCJ5, +0.10% fell $9.50, or 0.8%, to settle at $1,150.60 an ounce on Comex. Based on the most-active contracts, prices haven’t settled at a level this low since Nov. 6. May silver SIK5, +0.49% dropped 26.8 cents, or 1.7%, to end at $15.365 an ounce.
Gold futures on Tuesday took a hit from a rally in the U.S. dollar, with prices for the precious metal logging their lowest settlement since November.
- Gold for April delivery GCJ5, +0.14% lost $6.40, or 0.6%, to settle at $1,160.10 an ounce on Comex. That was the lowest settlement since Nov. 12, based on the most-active contracts. May silver SIK5, +0.17% also fell 14.3 cents, or 0.9%, to end at $15.633 an ounce.
Greece’s financial saga helped gold futures settle higher for the first time this month, with the precious metal benefiting on Monday from haven-related buying interest on renewed worries about Athens’s ability to fund itself.
Gold futures for April delivery GCJ5, -0.06% on Comex rose $2.20, or 0.2%, to settle at $1,166.50 an ounce. Prices have suffered declines in each of the past five trading sessions, losing a total of 4% last week.
May silver SIK5, -0.23% fell 3.1 cents, or 0.2%, to settle at $15.776 an ounce.
Gold futures suffered their third straight loss in a row as traders digested data on U.S. private-sector employment and looked ahead to the closely watched Friday jobs report.
Gold for April delivery GCJ5, +0.28% fell $3.50, or 0.3%, to settle at $1,200.90 an ounce on Comex, after tapping a low of $1,197.70. May silver SIK5, +0.63% lost 13.8 cents, or 0.9%, to $16.158 an ounce.
Gold futures rang up a consecutive loss on Tuesday as investors digested a spate of economic reports from a busy week of economic indicators, which culminates with the Friday jobs report.
Gold for April delivery GCJ5, +0.07% fell by $3.80, or 0.3%, to settle at $1,204.40 an ounce on Comex, while May silver SIK5, -0.16% settled down 15.5 cents, or 0.9%, to $16.296 an ounce after a 0.7% loss a day earlier.
Gold prices settled lower on Monday, for the first time in four trading sessions, as strength in the U.S. stock market lured investors away from the yellow metal.
Gold for April delivery GCJ5, +0.02% fell $4.90, or 0.4%, to settle at $1,208.20 an ounce on Comex after tallying a gain of roughly 1.3% over the past three trading sessions. May silver SIK5, +0.33% declined by 10.7 cents, or 0.7%, to $16.451 an ounce.
Don’t expect to see much of a climb in gold prices this year, but a spike to $1,700 an ounce or more could come as early as the summer of 2016.
Gold futures prices on Comex closed at $1,210.10 an ounce on Thursday, with the metal stuck in a range of just over $114 an ounce year to date, based on the most-active contracts.