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 […]
Tag: gold
‘Dive’ 2% gold – Lost $ 1,800
Gold plunged 2% on Thursday, to its biggest daily drop in six weeks, in the first reaction of the precious metal after the publication of the minutes from the last meeting of the Federal Reserve. According to the minutes, the officials of the US Federal Reserve are considering the acceleration of the increase of interest […]
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 […]
The worst year since 2015 for gold with losses of 3.6%
With losses of 3.6% on an annual basis, 2021 is the worst year for gold since 2015 (when it plunged by 10% a year), as the global economic recovery has dampened the attractiveness of the precious metal which is considered a safe haven in periods of increased volatility and anxiety. The global price rally has […]
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 […]
Buyers pushed gold to $ 1,815
Gold closed higher on Thursday, amid rising dollar and Wall Street rally that led the industrial Dow and the broader S&P 500 to new all-time highs amid concerns about the impact of the new pandemic wave – with Omicron to dominate the dynamics of economic recovery. Gold started the session in negative territory, however, the […]
Gold withstood more than $ 1,800 despite losses
Gold closed lower on Wednesday, but the $ 1,821 intraday high kept the precious metal above the $ 1,800 psychological threshold. Gold was under pressure from the 6-year low of the US 10-year government bond to 1.54%, while the dollar was down 0.2%. Raffi Boyadjian, a stock market analyst at XM, said in a daily […]
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 […]
Small losses gold – Interrupted the 3-day uptrend
The price of gold closed in negative territory at the beginning of the last week of 2021, interrupting a series of three bullish sessions. However, he managed to keep his price above the psychological limit of $ 1,800 per ounce. The price of gold was also pushed by the rise of the dollar, which today […]
At a high of 5 weeks the gold – Profits for the third 5-day series
Gold moved higher on Thursday, ending the day and the week in positive territory, in the last meeting in view of the Christmas holidays. The precious metal traded around $ 1,800 an ounce today, with the US currency showing signs of stabilizing and investor sentiment for more risky assets being boosted by fears of the […]
