Gold closed with gains in the last session of the week, extending its positive streak for the seventh day, while at the same time it recorded the largest percentage increase on a 5-day basis since May. “Inflation is a real fear and this is reflected in the price of gold,” said Adam Koos, president of […]
Tag: gold
Gold earnings for the sixth day in a row – At the highest level since June
Gold closed higher on Thursday for a sixth straight session, tying the 6-day streak that ended May 20, with worries about rising US inflation pushing prices to their highest level since June. “Traders were looking for an old friend with the highest inflation in front of them,” said Craig Erlam, an Oanda market analyst. Citibank […]
Slight recovery for gold after two days of losses
Gold prices rebounded on Thursday, marking their first rise after two days of losses as US government bond yields fell after the announcement by the Federal Reserve’s monetary policy committee to begin reducing asset purchases. Although Fed Chairman Jerome Powell said it was too early to raise interest rates – the classic anti-inflation recipe – […]
Gold from silver. Viking treasures found on an island off the coast of Britain – photo, video
As noted, the treasure hunter Kat Giles found treasures at the end of 2020, exploring a private area with a metal detector. Following the law, she transferred the artifacts to MNH. The organization’s specialists investigated the place of discovery, studied the found objects and in February assigned them the status of treasures. The MNH says […]
Market Update: US Futures, Earning Reports, Global Markets, & Commodity Prices
Wall Street is set to see its busiest week as major companies release reports this week supported by the push for the $1.9 trillion stimulus package. Global markets are mixed with European markets down due to increased travel restrictions. Gold and oil prices are down.
A Thursday session rich in economic indicators
Like every Thursday since the health crisis exploded, operators will be watching for weekly jobless claims tomorrow in the United States for the week ended October 3 . Once again, they will remain below the million mark, but, at 820,000 expected, against 837,000 last week, the ebb will be only very modest, showing that the improvement of the labor market is difficult. Add […]