With small gains but for the second consecutive session, gold completed its trading, amid growing concerns about the prospects for economic growth while investors await new data on inflation in the US on Friday. In particular, the August gold contract closed at $ 1,856.5 an ounce, having added $ 4.4 to its price or 0.2%. […]
Tag: Metals – Gold
Gold at a 3-week low with losses of 1.1%
Gold lost ground on Friday, with the precious metal under pressure from the dollar, which moved upwards following positive news from the US labor market, which indicates that the Fed’s aggression will continue at higher interest rates in the coming months, and loses its intra-conference profits. The Ministry of Finance announced that the US economy […]
Inflation brings gains for gold and the dollar limits them
Gold prices “broke” from the two-week low, boosted by worries triggered by rising inflation, while on the other hand, the strengthening dollar and rising US bonds held gains. Gold for August delivery gained 0.3% to $ 1,843.3 an ounce on Comex. “The issue of the gold market is still a worrying inflation, which is likely […]
Marginal decline for gold
The price of gold moved slightly lower as some investors chose to close positions after the Fed minutes yesterday showed that the bank will remain in the course of raising interest rates it has planned. Against this background, the June gold contract ended the day at $ 1,847.6 an ounce, down slightly by 0.1% or […]
Small profits for gold
Gold closed lower with gains as the weakening dollar, which tends to boost demand for the precious metal, was offset by a stabilization in US stocks. In particular, the June contract for gold closed at $ 1,847.9 an ounce with its value having strengthened by 0.3%. With the dollar index moving down today, after completing […]
Gold: With gains of 1.7% per week, it broke the worst series in 4 years
Gold made marginal gains on Friday, with the precious metal closing in positive territory on a 5-day basis, ending the longest series of weekly losses in four years. “The fall in bonds was the most important trigger for the gold recovery yesterday, so the positive momentum could be short-lived, as the medium-term trend in US […]
Slight rise today for gold as the dollar falls
The price of gold moved higher for the second day, albeit with small gains, as the precious metal benefited from the decline in the value of the dollar. In particular, the June contract of gold completed the transactions having added about 0.3% to its value, with its price at $ 1,818.9 an ounce. According to […]
Gold: At a low of 14 weeks, in the worst week of the last 11 months
The price of gold closed at a 14-week low on Friday, with the precious metal extending its negative streak for a fourth 5-day period, as the demand for the dollar put pressure on it. As inflation continues to rise, the high cost of living continues to weigh on households and Wall Street, while increasing demand […]
Slight recovery for gold after three months low
With modest gains that took it somewhat away from the three-month low of yesterday’s close, gold moved today, taking advantage of the weakening dollar. In particular, the June contract for gold completed the trades with an increase of 0.7% or $ 12.7 to $ 1,853.7 an ounce. The session was marked by a sharp jump […]
Losses of 1.3% for gold as the rally in dollars and bonds continues
Gold continued its downward trend today, as the strong strengthening of the dollar and government bond yields discourage investors despite the strong crises in the global stock markets. In particular, the May contract of golden June completed the trades with significant losses of 1.3% or about $ 24 and saw its price fall to $ […]