Dossier
spot gold
Coverage of spot gold in the Nexus archive.
- Gold surges toward a three-month high as U.S. debt fears and dollar weakness fuel rally
Gold surged toward a three-month high, driven by U.S. debt fears and dollar weakness. On Friday, spot gold rose 1.6% to $4,591 an ounce, putting the commodity on track for its third consecutive weekly gain.
- The Fed just took some of the shine off gold
Spot gold prices have fallen over 3% following the Fed's June meeting, where officials indicated potential interest rate increases before year-end. The Federal Reserve's signals have reduced gold's appeal as an investment.