Gold ended the week with a slight decline in its price, as the prospect of further interest rate hikes seems to limit demand for the precious metal. In particular, the gold August delivery completed today at 1,830.3 dollars an ounce, having strengthened slightly by just 50 cents or less than 0.1%. For the entire five-day […]
Tag: Metals – Gold
Fourth Day Losses for Gold – 16 Months Low for Copper
Gold prices continued to fall today as the aggressive tone used again by central banker Powell boosted the dollar, while copper fell to a 16-month low amid fears of an impending economic downturn. In particular, the August gold contract closed with a loss of 0.5% or $ 8.6 to $ 1,829.8 an ounce. Similarly, July […]
Third consecutive day of falling for gold – At a 16-month low copper
Gold fell on Wednesday, for the third consecutive session, in the wake of Federal Reserve Chairman Jerome Powell’s statement to the Senate Finance Committee, which said that the forthcoming interest rate hikes by the US Federal Reserve will be “the appropriate ”. The head of the Fed in his inaugural statement before the Commission, which […]
Switzerland imported Russian gold in May for the first time since the attack on Ukraine
Switzerland imported gold from Russia in May for the first time since the Kremlin sent troops to Ukraine in February, according to Swiss customs on Tuesday. Switzerland is the largest gold transit center in the world and Russia is one of the largest producers of gold. Western sanctions on Russia have not directly targeted commercial […]
Gold losses of 1.9% per week
Gold prices closed in negative territory on Friday, widening the precious metal losses in the week, after investors’ worries about the most risky assets eased and did not seek the security of gold at the close of the 5-day period. Markets have seen central banks around the world, including the US Federal Reserve, the Bank […]
Gains of 1.7% for gold in the midst of global shocks
With stock markets sweeping the wave of sales worldwide, investors turned to the safe haven of gold, which closed for a second consecutive bullish session. Thus, after the small gains of 0.3% yesterday, the August gold delivery contract strengthened significantly today by $ 30.30 or 1.7% and completed transactions in $ 1,849.9 the ounce. With […]
Marginal gains of 0.3% for gold before the Fed
Gold closed the day lower, with investors awaiting the biggest Fed rate hike since 1994. In particular, the August contract for gold, which closed shortly before the bank’s announcements, strengthened by $ 6.10 or 0.3% with its price at $ 1,819.6 per ounce. The fall of the dollar index in anticipation of the announcement of […]
At a low of more than 3 weeks gold with a ‘dip’ of 2.3%
The price of gold fell on Monday to a three-week low, after the precious metal came under strong pressure from the rise of the dollar, which overshadowed the sell-off of the US market. Specifically, the gold delivery price in August slipped $ 43.70, or 2.3%, to $ 1,831.80 an ounce. This was the lowest level […]
Gold: Earnings against the background of inflation data, at + 1.4% per week
Gold prices rose on Friday – despite a negative start – after the precious metal attracted as a safe haven investors who were frightened by new data on US inflation in May, which shattered hopes that the high cost of living could decline and fueled concerns that the Federal Reserve would continue to push the […]
Small losses for gold with competition from bonds
Gold ended its trading session with small losses, as the increase in bond yields during the day was competitive with the precious metal. In particular, gold for August delivery traded at $ 1,852.8 an ounce, down 0.2% or $ 3.7. The ECB’s announcement that it was ending its current bond-buying program, announcing – as expected […]