Gold prices fell slightly lower on Wednesday, with the dollar strengthening to help the precious metal slide to a two-week low. It is noted that the ICE US Dollar, an indicator of the strength of the US currency against a basket of currency, strengthened today by 0.5% and reached 105.03. At the same time, however, […]
Tag: Gold market
Small losses gold, copper recovered
Gold traded lower on Monday as investors watched the G7 consultations on a ban on yellow metal imports from Russia. US President Joe Biden tweeted on Sunday that the G7 would “ban imports of Russian gold”. The British government, meanwhile, has told the press that the United States, the United Kingdom, Japan and Canada have […]
Third consecutive day of falling for gold – At a 16-month low copper
Gold fell on Wednesday, for the third consecutive session, in the wake of Federal Reserve Chairman Jerome Powell’s statement to the Senate Finance Committee, which said that the forthcoming interest rate hikes by the US Federal Reserve will be “the appropriate ”. The head of the Fed in his inaugural statement before the Commission, which […]
At a low of nine months the copper
Copper prices plunged to a nine-month low on Monday as central banks in the US and Europe rushed to raise interest rates to tackle inflation sparked concerns about the risk of a global recession weakening demand for industrial metals. Copper in the LME is down 0.4% at $ 8,930 a tonne, while earlier it fell […]
Gold is down 1% pending the Fed
Gold fell on Tuesday, with prices slipping to a one-month low as investors prepare for the Federal Reserve’s monetary policy announcements on Wednesday. In particular, the August delivery of gold lost $ 18.30 or 1% and closed at $ 1,813.50 an ounce on the New York Mercantile Exchange. This is the lowest level since May […]
Gold closed at one month high
Gold and other precious metals closed Thursday’s session with gains, “erasing” the losses they had recorded earlier in the week, with the yellow metal recording its highest levels for about a month. The move comes as US government bond yields and the dollar have fallen, making precious metals comparatively more attractive. THE gold delivery august […]
Inflation brings gains for gold and the dollar limits them
Gold prices “broke” from the two-week low, boosted by worries triggered by rising inflation, while on the other hand, the strengthening dollar and rising US bonds held gains. Gold for August delivery gained 0.3% to $ 1,843.3 an ounce on Comex. “The issue of the gold market is still a worrying inflation, which is likely […]
Gold fell 3.1% in May
Gold ended Tuesday with losses, while it ended May with a negative sign, completing two consecutive falling months as the rally of the US dollar has hit the attractiveness of the precious metal. In particular, the August gold contract lost $ 8.90 or 0.5% and closed at $ 1,848.40 per ounce, ending the month with […]
Mild gains for gold, maintained the positive sign in the week
Gold traded lower on Friday, as investors weighed in on data showing that US inflation was slowing. Particularly, the Consumer Price Index (PCE)the measure that the US Federal Reserve considers the most informative of Consumer Prices, strengthened slightly by 0.2% in April compared to last month, marking the smallest monthly increase in the last year […]
Gold in the shadow of the Fed interrupted its upward trend
Gold returned to negative territory after five consecutive uptrends, under pressure from the recovery of the dollar in view of the publication of the minutes of the May meeting of the Fed. In particular, the June gold contract closed at $ 1,846.3 an ounce, down about 1% or $ 19.1. The dollar, which is used […]