Brijesh Patel

Karnātaka

Correspondent at Reuters

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Articles

Gold's record rally pauses as investors cash in gains

6 days ago | marketscreener.com | Brijesh Patel

(Reuters) - Gold prices slipped on Thursday after a sharp rise in the previous session as investors booked profits ahead of a long weekend, although softer dollar and escalating U.S.-China trade tensions kept bullion above the $3,300 per ounce level. Spot gold fell 0.8% to $3,317.87 an ounce as of 01:45 p.m. ET (1745 GMT), after touching a record high of $3,357.40 earlier in the session. Bullion has gained more than 2% this week. U.S. gold futures settled 0.5% lower at $3,328.40.
Gold's record rally pauses as investors cash in gains

1 week ago | ca.marketscreener.com | Brijesh Patel

(Reuters) -Gold prices eased on Thursday after a sharp rise in the previous session as investors booked profits ahead of a long weekend, although softer dollar and escalating U.S.-China trade tensions kept bullion above the $3,300 per ounce level. Spot gold slipped 0.5% to $3,326.51 an ounce as of 08:58 a.m. ET (1258 GMT), after touching a record high of $3,357.40 earlier in the session. Bullion has gained nearly 3% this week. U.S. gold futures were down 0.2% at $3,339.90.
Gold zooms past $3,300/oz as investors seek shelter from tariff war

1 week ago | marketscreener.com | Brijesh Patel

(Reuters) -Gold prices extended their record run on Wednesday, to breach $3,300 per ounce, as a weaker dollar and escalating U.S.-China trade tensions pushed investors towards the safe-haven asset. Spot gold climbed 2.6% to $3,310.82 an ounce as of 08:51 a.m. ET (1251 GMT), after hitting a record high of $3,317.90 earlier in the session. U.S. gold futures gained 2.7% to $3,326.40.
Gold climbs as softer dollar, tariff tensions buoy demand

1 week ago | ca.marketscreener.com | Brijesh Patel

(Reuters) -Gold prices gained on Tuesday, helped by safe-haven demand as U.S. President Donald Trump's tariff plans kept investors wary of trade policy, while an overall weaker dollar also lent support. Spot gold was up 0.4% at $3,223.41 an ounce as of 09:32 a.m. ET (1332 GMT). Bullion hit a record high of $3,245.42 on Monday. U.S. gold futures rose 0.4% to $3,238.70. "Traders are waiting for the next major fundamental development to drive the gold market, but the charts remain bullish.
Gold falls more than 1% as risk sentiment improves

1 week ago | ca.marketscreener.com | Brijesh Patel

(Reuters) - Gold prices dipped more than 1% on Monday, retreating from a record high hit earlier in the day, as risk appetite improved after the White House exempted smartphones and computers from reciprocal tariffs on China. Spot gold was down 1.2% at $3,199.09 an ounce, as of 09:24 a.m. ET (1324 GMT), after hitting an all-time high of $3,245.42. U.S. gold futures fell 0.9% to $3,215.70.
Safe-haven gold shines as US-China trade war intensifies, dollar weakens

2 weeks ago | marketscreener.com | Brijesh Patel |Anmol Choubey

(Reuters) -Gold prices rose more than 1% on Thursday, extending previous session's sharp rise, as a drop in the dollar and an escalating trade war between the U.S. and China drove investors towards the safe-haven allure of the precious metal. Spot gold was up 1.6% at $3,132.29 an ounce at 09:29 a.m. ET (1329 GMT), after rising more than 3% on Wednesday. U.S. gold futures climbed 2.3% to $3,150.20.
Gold rises, eyes best day since March 2023 as tariff war heats up

2 weeks ago | marketscreener.com | Brijesh Patel

(Reuters) - Gold climbed more than 3% on Wednesday and was poised for its best day since March 2023, supported by a decline in the dollar and safe-haven inflows amid escalating U.S.-China trade tensions after Beijing announced more levies on U.S. goods. Spot gold was up 3.4% to $3,086.04 an ounce, as of 11:23 a.m. ET (1523 GMT). U.S. gold futures rose 3.7% to $3,101.70. "Ultimately gold continues to be seen as a hedge against instability here.
Gold rebounds above $3,000/oz over trade war fears, weak dollar

2 weeks ago | marketscreener.com | Brijesh Patel

(Reuters) - Gold prices rose back above $3,000 per ounce on Tuesday as a weaker U.S. dollar and escalating trade tensions between the world's two largest economies lifted demand for the safe-haven asset. Spot gold was up 0.8% at $3,007.69 an ounce by 10:58 a.m. ET (1458 GMT), moving away from a more than three-week low touched on Monday in a pullback from last week's record high of $3,167.57. U.S. gold futures gained 1.6% to $3,021.90.
Gold slips as investors opt for dollar amid escalating trade war concerns

2 weeks ago | marketscreener.com | Brijesh Patel

(Reuters) - Gold prices fell more than 2% on Monday, with investors turning to the dollar as a safe haven after sweeping U.S. tariffs raised fears of a global recession. Analysts, however, remained bullish on bullion given the challenging economic conditions. Spot gold was down 2.4% to $2,963.19 an ounce as of 1:36 p.m. ET (1736 GMT), after hitting a near four-week low of $2,955.89 earlier in the session. U.S. gold futures settled 2% lower at $2,973.60.
Gold slips as investors opt for dollar as trade war fears deepen

2 weeks ago | marketscreener.com | Brijesh Patel

(Reuters) - Gold prices fell more than 1% on Monday as investors opted for the dollar as a safe haven after sweeping U.S. tariffs raised fears of a global recession. Analysts, however, remained bullish on bullion given the challenging economic conditions. Spot gold was down 1.3% to $2,999.49 an ounce as of 10:59 a.m. ET (1459 GMT), after hitting a more than three-week low of $2,971.09 earlier in the session. U.S. gold futures slipped 0.6% to $3,015.80.