Gold ended Monday’s trading session with a positive sign, after last week’s slump, with the precious metal closing in January with a total loss of 1.8%, recording the biggest monthly drop since September. In particular, the contract for April delivery of gold strengthened by $ 9.80 or almost 0.6% and closed at $ 1,796.40 per […]
Tag: Gold market
Gold 2% Loss – Lost $ 1,800 after 3 weeks
Gold fell significantly below $ 1,800 on Thursday for the first time in almost three weeks as the precious metal came under pressure from the stronger dollar following the Federal Reserve signal that it would raise interest rates from March. . In particular, the dollar jumped 1.3%, according to the ICE US Dollar index, to […]
Gold earnings with a look at the Fed
Gold fell 1% on Wednesday as the dollar stabilized as investors awaited the US Federal Reserve’s decision on interest rates, while supply concerns fueled by tensions over Ukraine led to an 8% rally in palladium. US gold futures fell 1.1% to $ 1,831.40. Silver fell 0.2% to $ 23.77. The dollar remained near a 2.5-week […]
Gold closed with small losses
Gold ended Thursday’s session with small losses, one day after recording its biggest daily rise since December and its highest closing in two months. “Gold is finally finding its footing, mainly due to the inflationary environment we are experiencing, combined with the relatively weak US dollar lately,” said Adam Koos, president of the Libertas Wealth […]
Inflation concerns pushed gold and silver to a two-month high
Gold climbed to a two-month high on Wednesday, ending in positive territory for the first time after three downtrends, as the weakening dollar and the slight decline in US government bond yields, after their sudden rally, returned investment interest in precious metal. The recent rise in US bond yields, with the 10-year yield approaching almost […]
Third day of losses the gold
Gold closed lower on Tuesday, completing three consecutive bearish sessions as bond yields continued to strengthen, dampening the attractiveness of the precious metal as an alternative investment. Bond yields continue to move upwards as investors prepare for the first rise in US interest rates from their all-time low even in March. The yield in the […]
The price of gold is stable as the dollar and bonds hedge the risk of inflation
Gold futures rose on Monday as investors weighed on the outlook for global economic policy as demand for gold on the back of inflation contradicts US Federal Reserve officials’ aggressive comments on interest rates. , boosting dollar and bond yields. Gold is considered to hedge against the risk of inflation, but the metal is particularly […]
Gold: Gains of 1.1% per week despite today’s losses
Gold closed the week with gains, despite today’s losses. Colin Cieszynski, chief market analyst at SIA Wealth Management, attributed the day’s drop in part to profit-taking ahead of the three-day no-trade, as markets will be closed on Monday due to the Martin Luther King Jr. holiday. However, the fall of the US dollar in the […]
Gold: ‘Breaking’ the uptrend with a drop of 0.5%
Gold closed lower on Thursday, recording its first drop in five sessions, following the rise in the US producer price index in December, which was lower than market expectations. In particular, according to data released by the US Department of Labor, producer prices on an annual basis increased by 9.7% compared to an increase of […]
Fourth consecutive profitable session for gold
For the fourth day in a row, gold futures fell on Wednesday, as investors were alarmed by data on inflation in the US, which according to published data, reached a high of almost 40 years. Gold for February delivery gained 0.5% to $ 1,827 an ounce. US consumer prices rose in December, with inflation close […]
