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 […]
Tag: Metals – Gold
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 […]
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 […]
Gold for more than a month – Profits for the third week in a row
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 […]
Gold: Continue the upward streak for the third week ‘hitting’ high of more than a month
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 […]
Gold hit the $ 1,800 mark
With small gains at the last minute, gold futures closed the session as prolonged concern about the Omicron variant and the fall of the dollar boosted the gold, which managed to catch the $ 1,800 cushion again. Gold futures for February delivery were up 0.8% at $ 1,802.20 an ounce. Although analysts downplayed the impact […]
Losses for gold due to the recovery of the dollar
Gold futures traded lower on Tuesday as the dollar reversed some of its losses, while appetite for more risky assets resurfaced as investors looked beyond the financial risks posed by the Omicron variant. Gold futures for February delivery fell 0.3% to $ 1,788.70 an ounce. The dollar recovered some losses overnight, while the risk-taking climate […]
Gold climbed (again) above $ 1,800 – Earnings of 1.1% per week
Gold closed higher on Friday, climbing above $ 1,800 for the first time since November 22, while during the week the precious metal strengthened by 1.1%. The rise in the precious metal above the $ 1,800 mark appears to be due to “broad capital flows that dump risky assets … and are channeled into” defense […]
