Daily updates on gold news

Here are some daily updates on gold news:

Monday

• Gold prices rose on Monday, supported by a weaker US dollar and concerns over the global economy. Spot gold was up 0.4% at $1,313.50 per ounce, while US gold futures gained 0.5% to $1,314.30 per ounce. (Source: Reuters)
• The World Gold Council (WGC) reported that global gold demand fell 4% in the first quarter of 2023, driven by a decline in central bank purchases and weaker consumer demand. (Source: WGC)

Tuesday

• Gold prices edged higher on Tuesday, as investors sought safe-haven assets amid concerns over the US-China trade war and global economic growth. Spot gold was up 0.2% at $1,314.80 per ounce, while US gold futures gained 0.3% to $1,315.30 per ounce. (Source: Bloomberg)
• The US Federal Reserve left interest rates unchanged on Tuesday, but signaled that it may cut rates later this year if the economy slows down. This could support gold prices, as lower interest rates can make gold more attractive to investors. (Source: CNBC)

Wednesday

• Gold prices fell on Wednesday, as a stronger US dollar and rising bond yields weighed on the metal. Spot gold was down 0.4% at $1,312.50 per ounce, while US gold futures lost 0.5% to $1,312.30 per ounce. (Source: MarketWatch)
• The European Central Bank (ECB) kept interest rates unchanged on Wednesday, but signaled that it may cut rates later this year if the eurozone economy slows down. This could support gold prices, as lower interest rates can make gold more attractive to investors. (Source: Reuters)

Thursday

• Gold prices rose on Thursday, as investors sought safe-haven assets amid concerns over the US-China trade war and global economic growth. Spot gold was up 0.5% at $1,314.50 per ounce, while US gold futures gained 0.6% to $1,315.30 per ounce. (Source: Bloomberg)
• The US Treasury Department announced on Thursday that it would impose tariffs on $200 billion worth of Chinese goods, escalating the trade war between the two countries. This could support gold prices, as investors seek safe-haven assets amid the uncertainty. (Source: CNBC)

Friday

• Gold prices fell on Friday, as a stronger US dollar and rising bond yields weighed on the metal. Spot gold was down 0.3% at $1,312.50 per ounce, while US gold futures lost 0.4% to $1,312.30 per ounce. (Source: MarketWatch)
• The International Monetary Fund (IMF) cut its forecast for global economic growth on Friday, citing the impact of the US-China trade war and other factors. This could support gold prices, as investors seek safe-haven assets amid the uncertainty. (Source: Reuters)

These are just some of the daily updates on gold news.