* Dollar index up 0.8% * Strong labour market may push gold into sub-$1600 domain-analyst. By Ashitha Shivaprasad. Gold prices fell 1% on Thursday as the dollar resumed its ascent after a brief dip in the previous session, with looming rate hikes still a headwind for the non-yielding bullion.
Gold prices slipped 1% on Thursday,
relinquishing some gains from the previous session, as the
dollar resumed its rally fuelled by bets for more U.S. interest
rate hikes.
Gold prices retreated on Thursday as
the U.S. dollar firmed on concerns that rising interest rates
would spark a global recession, making greenback-priced bullion
more expensive for overseas buyers.
* Dollar eases off recent peak. * U.S. 10-year bond yields ease off highs. By Kavya Guduru. Gold rose more than 1% on Wednesday as a slight retreat in the dollar rekindled some of its safe-haven appeal, although prospects of sharp rate hikes kept the non-yielding metal near a 2-1/2-year trough.
Copper prices recovered from a more than two-month low on Wednesday after the dollar weakened, with worries over a likely recession and sliding metals demand capping gains. Three-month copper on the London Metal Exchange was up 0.3% at $7,375 a tonne by 1450 GMT after falling as much as 1.8% to its weakest since July 21.
* Silver falls to three-week low. * Dollar hits fresh two-decade high. * U.S. 10-year bond yields at highest since 2008. By Brijesh Patel. Gold prices dropped to a fresh 2-1/2-year low on Wednesday, as a rally in the U.S. dollar and Treasury yields on prospects of more aggressive rate hikes by the Federal Reserve diminished its appeal.
* U.S. 10-year Treasury yields top 4% for first time since 2010. * Spot gold may retest support at $1,619 per ounce - technical. * Silver hits three-week low, last down 1.8% By Eileen Soreng.
* Dollar off two-decade peak hit on Monday. * * Gold could fall below $1,600/oz level, analyst says. By Kavya Guduru. Gold prices rebounded from a 2-1/2-year low on Tuesday as a pause in the U.S. dollar's rally helped restore greenback-priced bullion's allure, although risks from looming rate hikes persisted.
* Dollar off two-decade peak hit on Monday. * SPDR Gold Trust holdings at lowest since March 2020. * Fed's Evans sees interest rates at 4.25-4.5% by year end. By Brijesh Patel. Gold bounced off a 2-1/2-year low on Tuesday as a slight pullback in the dollar and U.S. Treasury yields helped alleviate some pressure from expectations for aggressive U.S. rate hikes.
* Flight to safety not limited to gold, analyst says. * China's net gold imports via Hong Kong over 4-year high. By Arundhati Sarkar. Gold prices hovered near a 2-1/2-year low on Monday, on higher Treasury yields and a stronger dollar, while jitters over rising U.S. interest rates dented appeal for non-yielding bullion.
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