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Tag: Metals - Gold

Gold down 1.6% on the week – Copper plunges more than 7%

Gold closed higher on Friday and silver rebounded from a two-year low, but both precious metals were down for the week. In particular, Mr gold December delivery rose $13.30, or 0.8%, to $1,722.60 an ounce. Gold,...

Gold and silver down: At 6-week lows and over two-year lows respectively

Precious metal prices fell again on Thursday, with gold falling to its lowest level in about six weeks and silver closing at its lowest level in more than two years as investors bet that interest rates...

Fifth month of decline for gold under pressure from interest rates

With losses both on a daily and a monthly basis, gold finished the trading of August, which shows that it cannot face the pressures exerted on it by the tightening of the monetary policy and the...

Gold down 1.2% below $1,750

Gold ended Friday with losses, in the aftermath of Jerome Powell's speech at the Jackson Hole Economic Symposiumwhere he stressed the need to tame inflation, supporting the outlook for higher interest rates from the Fed. In particular,...

Gold at a 3-week low, with a ‘dive’ of almost 3% on the 5th

Gold fell for a fifth straight session in its biggest losing streak since early July, with the precious metal falling to a three-week low. In particular, Mr gold December delivery he lost on Friday $8.30 or 0.5%to...

Gold closed below 1,800 dollars

Gold closed lower on Monday, falling to its lowest level in more than a week and below the psychological level of $1,800. Analysts attributed the decline, in part, to a strengthening US dollar, with the ICE US...