Gold closed higher on Tuesday, completing three consecutive bullish sessions, with investor focusing today on Federal Reserve Chairman Jerome Powell ‘s statements to Congress on inflation and the Fed’s strategy for the coming months. Powell reiterated today that the central bank will not allow high inflation to be consolidated and is ready to use all […]
Tag: Gold market
Small gains on gold in the shadow of inflation in the US
Gold rose on Monday as US 10-year bond yields hit a two-year high as investors tried to hedge against inflation and continuing geopolitical risks. Gold futures for February delivery were up 0.1% at $ 1,798.80 an ounce, closing just under $ 1,800 in third consecutive session. Intra-conference, of course, gold reached $ 1,802. Gold is […]
Losses of 1.7% for gold in the first week of the year
Gold closed the day with gains, recovering from a three-week low, boosted by lower-than-expected US labor market data. Despite today’s rise, however, the yellow metal ended its worst week in more than a month, amid the unfavorable monetary climate created by the Federal Reserve. The US economy generated fewer jobs than expected in December, but […]
Second consecutive profitable meeting for the golden mercy of Omicron
The gold futures closed the session with gains on Wednesday, for the second consecutive session, as the rapid and rapid spread of the Omicron variant rekindled the interest for safe investment shelters. Nevertheless, trading volume is limited as investors await the minutes from the last meeting of the US Federal Reserve. Gold futures for February […]
Gold recovered from two-week lows
Gold strengthened on Tuesday, recovering some of the previous day’s losses that led the precious metal to a two-week low. Rising interest rates as investors wait for the Federal Reserve to tighten monetary policy this year to tackle the inflation rally are the biggest threat to the attractiveness of gold as an alternative investment, analysts […]
Gold fell 1.6%
Gold prices fell on Monday as a rally in bond yields and Wall Street earnings dampened the attractiveness of the precious metal. Yield in 10 US years climbed over 1.6% today for the first time since last November when the micron mutation appeared. At the same time, all three Wall Street indices continued to rise […]
Gold is heading for the worst year since 2015
Gold is heading for its worst year since 2015 as the global economic recovery has dampened the attractiveness of the precious metal which is considered a safe haven in times of heightened volatility and anxiety. At the same time, the global price rally has led the major central banks to prepare to raise interest rates […]
Earnings for gold, despite the strengthening of the dollar
Gold recorded new gains for the third time in the last four, although the strength of the US dollar cut part of the demand for the precious metal. THE gold delivery in February thus gained $ 2.10 or 0.1%, closing at $ 1,810.90 per ounce, after yesterday’s fall of 0.2%. The metal hit an intra-conference […]
Gold hit the $ 1,800 mark
With small gains at the last minute, gold futures closed the session as prolonged concern about the Omicron variant and the fall of the dollar boosted the gold, which managed to catch the $ 1,800 cushion again. Gold futures for February delivery were up 0.8% at $ 1,802.20 an ounce. Although analysts downplayed the impact […]
Losses for gold due to the recovery of the dollar
Gold futures traded lower on Tuesday as the dollar reversed some of its losses, while appetite for more risky assets resurfaced as investors looked beyond the financial risks posed by the Omicron variant. Gold futures for February delivery fell 0.3% to $ 1,788.70 an ounce. The dollar recovered some losses overnight, while the risk-taking climate […]
