The price of gold is falling as the dollar climbs to a 20-year high, making the precious metal (priced in dollars) expensive for those who hold other currencies. The dollar strengthened as investors sought safety and returns amid growing concerns about a slowdown in global economic growth and rising interest rates. “A decisive rise above […]
Tag: Metals – Gold
Gold: Earnings per day, but drop 1.5% per week – ‘Dive’ 7.1% for palladium
Gold closed higher on Friday, but fell for a third straight week as investors rallied on new data for the US economy, which continued to create new jobs in April despite a spike in inflation and persistent problems in global supply chains. which continue to impede the smooth running of businesses. In particular, as it […]
Gold closed with small losses – Up in electronic trading after the Fed decision
Gold closed with small losses on Wednesday before the announcement of the decisions of the Federal Bank to increase interest rates by half a percentage point. Specifically, the gold June delivery fell $ 1.80, or 0.1%, to $ 1,868.80 an ounce. However, after the second in a row increase in interest rates announced by the […]
Marginal rise for gold recovering from a three-month low
On positive ground, although with small profits, gold completed its trading, as the upward trend of the dollar and the returns of American securities was limited to a certain extent. It is noted that the expensive dollar makes the precious metal less attractive to holders of other currencies, while increased bond yields offer greater investment […]
Losses of 2.5% for gold, in the biggest daily drop since March 9
Gold closed lower on Monday, marking its biggest daily drop in nearly two months and widening its April loss, which recorded its worst monthly performance since September. Particularly, the gold delivery of June “fell” by $ 27.70, or 2.5%, to close at $ 1,863.60 an ounce, the biggest daily percentage drop since March 9, when […]
Worst month since September for gold down 2.1%
Despite the gains of gold on Friday, finding support for the fall of the dollar, it did not avoid recording its worst month since September 2021. Specifically, the gold June delivery gained $ 20.40, or 1.1%, to close at $ 1,911.70 an ounce, but fell 1.2% during the week. On a monthly basis, the precious […]
Low flights for gold
Gold ended its trading session with a marginal rise, as the strengthening of the dollar seems to “strangle” the demand for the precious metal. In particular, the June gold contract closed at $ 1,891.3 an ounce, with its price rising slightly by 0.1% or $ 2.6. It is worth noting that intra-conference had fallen as […]
The ‘jump’ of the dollar pushed gold to a two-month low
The new rise of the dollar exhausted yesterday’s dynamics of gold, pushing the precious metal to close at the two-month low. Gold has failed to draw support even from Moscow’s decision to cut off gas supplies to Poland and Bulgaria, which is escalating tensions between the West and Russia, leading to a new rise in […]
Swiss gold exports to the US jumped in March
Swiss gold shipments to the United States reached their highest level since May 2020 in March, amid fears among investors that the Russian invasion of Ukraine and the threat of a global economic downturn. According to Reuters, citing data from the Swiss customs, Switzerland’s exports to Britain, which like the US is a center of […]
Losses for gold – At a low of more than a week
The futures of gold closed with losses on Wednesday, for the second consecutive day, leading to a loss of the high of five weeks, which was achieved earlier in the week. The precious metal fell to its lowest level in more than a week and falling prices could “lead to a buying opportunity for gold […]