Gold recorded losses in the last session of the week, despite its initial gains, with the price of the precious metal even reaching the lowest level of more than two weeks, as a result of the sharp fall of oil and the rise of the dollar close to almost high 16 months. “The sharp drop […]
Tag: Metals – Gold
Gold earnings for the sixth day in a row – At the highest level since June
Gold closed higher on Thursday for a sixth straight session, tying the 6-day streak that ended May 20, with worries about rising US inflation pushing prices to their highest level since June. “Traders were looking for an old friend with the highest inflation in front of them,” said Craig Erlam, an Oanda market analyst. Citibank […]
Gold again topped $ 1,800 – Earnings of 1.8% per week
Gold rose more than $ 1,800 again on Friday, the highest closing since early September, following data released earlier today that the US economy added more jobs than expected in October, but disappointed participation in labor while rising inflation dampens the prospects for stronger economic growth. In particular, the US economy added another 531,000 jobs […]