The US Federal Reserve kept the key interest rate at 4. 25-4.5%, ignoring President Trump's calls. The decision was made amid uncertainty caused by import tariffs.
The price on the spot gold market decreased by 0. 5% to $3350.08 per ounce. The strengthening of the US dollar and optimism regarding trade negotiations between the US and the EU are putting pressure on gold prices.
G20 finance ministers in Durban signed a statement on the importance of central bank independence. This happened amid Donald Trump's criticism of US Federal Reserve Chairman Jerome Powell.
Gold prices rose 0. 4% to $3350.87 per ounce on Friday, while platinum reached its highest level since 2014. The US dollar weakened by 0.4%, and the EU approved the 18th package of sanctions against Russia.
Gold prices fell by 0. 2% to $3340.79 per ounce due to a strengthening dollar and easing market tensions. This occurred after Donald Trump's statement about the "highly unlikely" dismissal of Fed Chairman Jerome Powell.
The euro is approaching $1. 17, a key level for its further growth to $1.20. Analysts predict further strengthening of the euro amid a weakening dollar and a possible rate cut by the Federal Reserve.
The price of gold fell by 1. 3% to $3330 per ounce due to decreased demand for safe-haven assets after the stabilization of the situation between Israel and Iran. The market is affected by geopolitical tensions and US economic statistics, in particular the decline in consumer confidence.
Gold prices fell to a two-week low after Trump's announcement of a ceasefire between Iran and Israel, which reduced demand for safe-haven assets. Investors are awaiting Federal Reserve Chairman Jerome Powell's testimony on interest rates.
The price of gold fell due to the strengthening of the US dollar amid expectations of Iran's response to US airstrikes on its nuclear facilities. Investors are closely monitoring geopolitical tensions in the Middle East.
Gold prices fell by 0. 5%, heading for their first weekly decline in three weeks. Easing geopolitical tensions in the Middle East have reduced demand for the safe-haven asset, while the Fed's inflation warnings have increased the likelihood of fewer rate cuts.
The escalation of the Russian war in Ukraine and a new threat from Trump to double tariffs on steel and aluminum have forced investors to seek refuge in gold. Spot gold rose 0.7% to $3311.33 per ounce.