Gold falls from three-week high on profit-booking, firm dollar
CNBC
Gold prices fell on Tuesday as investors booked profits after bullion rose more than 2% in the previous session, while a stronger dollar also weighed on prices.
Gold prices fell on Tuesday as investors booked profits after bullion rose more than 2% in the previous session, while pressure from a stronger dollar also weighed on the yellow metal.
Spot gold fell 0.8% to $5,189.99 per ounce by 0125 GMT, snapping a four-session winning streak and dropping from a more than three-week high hit earlier in the day. Bullion gained 2.5% in the previous session.
U.S. gold futures for April delivery were down 0.3% at $5,210.40.
European stocks are set to rebound as traders continue to watch developments in the Middle East.
European stocks are expected to start the new trading week heavily lower as traders track developments in the Middle East and a surge in oil prices.
Brent futures spiked 16.1% to last trade at $107.61, while U.S. West Texas Intermediate crude futures rose almost 17.7% to $107.02
Gold prices rose on Friday as investors sought safe-haven bullion on heightened uncertainty over a widening Middle East conflict.
Overnight, oil prices broke through the $80 per barrel mark, with Brent futures up 3.54% and last trading at $84.31.
European stocks are expected to open in mixed territory again on Thursday as markets following unsettling geopolitical developments in the Middle East.
European stocks are expected to open in mixed territory on Wednesday as markets continue to track developments in the Middle East.
European stocks are expected to open firmly in negative territory Tuesday as the geopolitical crisis in the Middle East continues to weigh on market sentiment.
Gold prices rose for a fifth consecutive session on Tuesday, as investors sought safe-haven assets amid an escalating U.S. and Israeli air war against Iran.
The yen and euro were lower on Tuesday as the widening Middle East conflict focused attention on countries dependent on energy imports.
Oil prices continue to rise Iran's Revolutionary Guard says it has closed the Strait of Hormuz,
European stocks are expected to start the new trading week firmly in negative territory.
Oil prices jumped to their highest levels in months on Monday as Iran and Israel escalated attacks in the Middle East, disrupting shipments from the region.