Gold closed with gains on Friday, which led the precious metal to record a rise on a 5-day basis, for the first time since the week ended on November 12. Gold rallied in today’s session by “defying” data released by the US Department of Labor on inflation, which showed that consumer prices rose last month […]
Tag: Metals – Gold
Moderate losses for gold under pressure from the dollar
The two-day uptrend in gold was broken on Thursday, after the precious metal came under pressure from the strengthening of the dollar to close with losses of 0.6%. In particular, the dollar traded higher on Thursday, up 0.4% on the ICE US Dollar. “Traders have not increased their investment in gold, as concerns about the […]
Earnings away from the day highs for gold
Gold closed higher on Wednesday, hitting a high of $ 1,794.30, the highest level for the precious metal since Dec. 1. Investors have been following developments in the coronavirus’s Micron mutation, and in particular the positive news from the results of an “initial laboratory study” announced today by Pfizer and BioNTech, which showed that their […]
Gold: Marginally declining week despite gains of 1.2% on Friday
Gold ended the week with gains, finding support on Friday for the disappointing data for the jobs in November in the USA that were announced today. However, the precious metal did not manage to escape the negative ground on a weekly basis, as on Thursday it fell to the lowest level of the last 7 […]
Gold at a 3-week low with losses of 1.2%
Gold closed Thursday’s session with a loss, falling to its lowest level since mid-October, as the precious metal failed to find support from the uncertainty caused in the markets by the developments with the new Omicron mutation. Most traders and investors believe that the new mutated coronavirus strain “will not cause catastrophic damage to the […]
Profits for gold despite market uncertainty
Gold futures traded higher on Wednesday as several investors turned to the precious metal as a support against the overall volatility of the market amid prolonged concerns about the impact of the Omicron variant of the coronavirus. Gold futures were up 0.4% at $ 1,784.30 an ounce. The gold recovery came amid a sharp recovery […]
Far from the highs of the day gold, ‘dip’ 3.6% per week
With gold, but far from the highs of the day, gold closed on Friday in a session that ended an hour earlier due to Black Friday, with investors relocating their portfolios after the announcement of a new, possibly highly contagious, coronavirus strain. . The variant B.1.1.529, which was named “Omicron” by the World Health Organization, […]
Gold prices soar amid concerns about new coronavirus mutation
Gold prices soared as investors fell to protect themselves in the safe haven as a new, possibly highly contagious coronavirus strain was announced. Gold derivatives for December rose $ 24.60, or 1.4 percent, to $ 1,808.90 an ounce, above the $ 1,800 psychological threshold. Gold is on the rise as futures for the US stock […]
Gold losses brought strong US economic data
Gold prices fell on Wednesday as strong US economic data boosted dollar and government bond yields with investors awaiting the release of Fed meeting minutes in November that could indicate signs of future increases. interest rates. Gold futures fell 0.1% to $ 1,781.70 an ounce. Gold fell below the key $ 1,800 mark earlier this […]
At a low of more than two weeks, gold with the biggest daily drop for over 3 months
Gold prices fell more than 2% on Monday as the dollar “picked up” after the appointment of Federal Reserve Chairman Jerome Powell for a second term, boosting expectations that the central bank can maintain its course by reducing financial support. Instant gold fell 2% to $ 1,807.60 an ounce, after hitting a low of $ […]
