EghtesadOnline: Oil prices fell on Monday after a powerful North Korean nuclear test explosion triggered a flight of investors away from crude markets and into gold futures, which are seen as a safe haven.
EghtesadOnline: So much for a quiet Friday in late August. After weeks of relative slumber, gold traders were rudely awoken to a surge in volume and volatility. In a span of one minute, gold futures contracts equaling more than 2 million ounces traded -- about 20 minutes before Federal Reserve Chair Janet Yellen was to address a gathering of policy makers in Jackson Hole, Wyoming.
EghtesadOnline: Gold futures extended gains to a nine-week high after a report showed U.S. consumer prices rose less than expected, weakening the case for the Federal Reserve to raise interest rates.
EghtesadOnline: Gold futures had the biggest weekly loss since Donald Trump was elected president as better-than-expected U.S. jobs data further eroded demand for the metal as a haven.
EghtesadOnline: President Donald Trump’s policies have brought gold back to life. Gold futures rose for a second day, posting the biggest monthly gain since June, on investor concern over moves by Trump that included barring entry by citizens from seven predominantly Muslim nations and firing the acting U.S. attorney general for refusing to enforce the order. The dollar headed for a third straight decline against a basket of 10 currencies, and U.S. stocks slid.
EghtesadOnline: Gold futures closed near the lowest price in 10 months as investors shrugged off political turmoil in Italy to boost equities and other riskier assets.