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, which on Thursday closed at its lowest level since July 20, fell 1.6 percent for the week, according to […]
Tag: Metals – 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 will remain high for longer period of time. “Both gold and silver are suffering due to similar reasons: rising […]
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 strengthening of the dollar. In particular, the gold contract for December delivery closed today at $1,726.2 the ounce with […]
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, the chairman of the Federal Reserve reiterated his commitment to contain inflation, warning that he expects the US […]
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 set its price at $1,762.90 an ounce. In the weekthe losses of gold they caught it 2.9%according 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 Dollar index rising 0.8% in Monday’s trading, weighing on dollar-denominated prices of the precious metal. In this climate, […]
Gold gains for fourth consecutive week, up 1.3%
Gold returned to positive territory on Friday after a negative break in yesterday’s session, with the precious metal posting gains for a fourth straight week. In particular, Mr gold U.S. crude for December delivery rose 0.5% on Friday, or $8.30, to settle at $1,815.50 an ounce. For the week, gold gained 1.3% in its longest […]
Gold’s bull run is over
Gold ended its roughly one-week bull run on Thursday, in contrast to the rising stock market, after yesterday’s stock market euphoria brought by the slowdown in the consumer price index, today’s announcement of the unexpected reduction in producer prices continues to give impetus in the investment mood. So, even though inflation continues to run high, […]
Small gains for gold after US inflation data
Gold closed slightly higher on Wednesday, holding the $1,810 level, after the impressive slowdown in US inflation in July, but with Goldman Sachs’ ongoing revision of its short-term outlook forecasts preventing precious metal to claim something better. More specifically, the significant annualized slowdown in the US consumer price index in July, to 8.5% from 9.1% […]
Gold closed at a six-week high on expectations of US inflation
Gold closed at its highest level since late June on Tuesday, a day ahead of the much-anticipated release of July US consumer price data, which is expected to provide insight into the Federal Reserve’s next steps on the battlefield. against inflation. Today’s rise in the yellow metal was fueled by falling stocks and a sliding […]