The price of gold closed with losses on Friday and moved away from another two-month high recorded in the week. In the 5-day period, however, the precious metal managed to hold its profits and remain on positive ground for the second consecutive week. “Although far from its best levels, gold continues to move higher for […]
Tag: Metals – Gold
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 […]
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 […]
Small gains on gold in the shadow of inflation in the US
Gold rose on Monday as US 10-year bond yields hit a two-year high as investors tried to hedge against inflation and continuing geopolitical risks. Gold futures for February delivery were up 0.1% at $ 1,798.80 an ounce, closing just under $ 1,800 in third consecutive session. Intra-conference, of course, gold reached $ 1,802. Gold is […]
Losses of 1.7% for gold in the first week of the year
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 […]
‘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 […]