Gold and silver fell for a third consecutive session, with both precious metals sliding to a more than one-month low. In particular, prices for the December gold contract lost $13.40, or 0.8%, to settle at $1,736.30 an ounce, sliding to the lowest level since July 27. December silver, meanwhile, fell 38 cents, or nearly 2.1%, […]
Tag: Gold market
Small losses for gold
Gold closed slightly lower on Monday as a renewed rally in the dollar and strengthening US Treasury yields reduced the precious metal’s appeal as an alternative investment. Specifically, the gold contract for December delivery lost 10 cents, or 0.01%, to settle at $1,749.70 an ounce, although it had earlier climbed to a high of $1,757.90. […]
Hesitant rise for gold in Powell’s shadow
Gold took advantage of a weaker dollar to move higher today but with contained gains as investors remain cautious until they hear what Chairman Powell has to say about the Fed’s moves tomorrow in Jackson Hole. In particular, the December gold contract ended trading today at $1,771.4 an ounce having gained $9.90 or 0.6%. Even […]
Hold on for gold
Gold was largely unchanged in today’s trading as investors indicated they will wait for some indication of the Fed’s intentions in President Powell’s speech on Friday before deciding how to proceed. Against this backdrop, the gold contract for December delivery settled at $1,761.5 an ounce, gaining just 30 cents, or 0.02%. Elsewhere, metals trends were […]
Gold and silver broke the losing streak
Gold closed higher on Tuesday for the first time in seven sessions as a weaker U.S. dollar today helped the precious metal snap its longest losing streak since early July. Specifically, the gold contract for December delivery climbed $12.80, or 0.7%, to $1,761.20 an ounce, after six straight sessions of losses for the precious metal. […]
Losses of 0.8% sent gold to a one-month low
The price of gold fell to an almost one-month low, amid a general sell-off in the metals against the backdrop of the dollar’s renewed surge and heightened concerns about another giant interest rate hike by the Fed. Specifically, the December gold contract ended the day trading having lost $14.50, or 0.8%, at $1,748.4 an ounce. […]
Gold closed up but below the ‘threshold’ of $1,800
With gains but without breaking the “psychological threshold” of $1,800 per ounce, gold closed on Thursday, remaining in this territory for the fourth consecutive session. More specifically, Mr December delivery gold lost $5.50, or 0.3%, to settle at $1,771.20 an ounce. The September delivery silver lost 27 cents, or about 1.4%, to $19.464 an ounce. […]
Small gains for gold after US inflation data
Gold closed slightly higher on Wednesday, holding the $1,810 level, after the impressive slowdown in US inflation in July, but with Goldman Sachs’ ongoing revision of its short-term outlook forecasts preventing precious metal to claim something better. More specifically, the significant annualized slowdown in the US consumer price index in July, to 8.5% from 9.1% […]
Gold closed at a six-week high on expectations of US inflation
Gold closed at its highest level since late June on Tuesday, a day ahead of the much-anticipated release of July US consumer price data, which is expected to provide insight into the Federal Reserve’s next steps on the battlefield. against inflation. Today’s rise in the yellow metal was fueled by falling stocks and a sliding […]
Gold at six-week high on US inflation wait
Gold closed at its highest level since late June on Tuesday, a day ahead of the much-anticipated release of July US consumer price data, which is expected to provide insight into the Federal Reserve’s next steps on the battlefield. against inflation. Today’s rise in the yellow metal was fueled by falling stocks and a sliding […]