Gold Headlines

Gold Price Heads For Biggest Weekly Drop, But Here’s A Bull Case For Gold

Dollar back in demand, set for biggest weekly surge since early April

The U.S. dollar bounced with a vengeance this week

Gold ends lower to suffer worst weekly slump since March (MarketWatch)

“Most of the sell-off in the gold price is primarily down to the strength in the dollar index that we have seen this week,” said Naeem Aslam, chief market analyst, at AvaTrade, in a note. The recent resurgence of the buck has made dollar-backed gold relatively more expensive to overseas buyers using other monetary units.

Discounts narrow in top hubs as gold price dip attracts some interest

BENGALURU/MUMBAI (Reuters) - Physical gold demand limped higher in top Asian hubs this week, with dealers in India easing discounts to the lowest level in six weeks, as a drop in prices saw a little interest return in the precious metal. https://www.reuters.com/article/idUSKCN26G28Y

G7 ministers back extension of debt freeze for poorest nations; urge reforms

Stocks are little changed as Wall Street heads for fourth straight weekly loss

Mnuchin, Powell say some $380 billion in unused aid could help U.S. economy

Gold steadies as dollar rally cools, set for worst week in six (Reuters)

(Reuters) - Gold prices steadied on Friday as the dollar retreated and hopes for more U.S. stimulus measures resurfaced, although the precious metal was on track to post its steepest weekly contraction since August.

Job Rebound Is ‘Losing Steam’ as Crisis Passes Six-Month Mark