Gold prices are at their highest level since mid-March, as uncertainty sustained by the Russo-Ukrainian war weighed on investment sentiment and shifted placements to safe havens. In particular, the spot price of gold increased by 0.8% to $ 1,989.65 an ounce, recording a high since March 11, while gold futures are moving at $ 1,993.4 […]
Tag: Metals – Gold
Fifth consecutive bullish session on gold driven by inflation
Gold traded higher on Wednesday, extending its uptrend with the latest US and British macroeconomic data showing that inflation is continuing. Most of the precious metal’s current gains came after the UK published “higher than expected and accelerated” inflation, with rising prices continuing after the release of data on the “jump” in producer prices in […]
Day and week earnings (+ 1.1%) for gold
The price of gold closed higher on Friday, with the precious metal expanding its profits for the week, with traders not being affected by the increase in the yield of US bonds and the strong dollar. In particular, the yield on the 10-year US government bond exceeded 2.7% on Friday after strengthening by 5 basis […]
Metals ‘lost’ in the week – At -1.6% gold, ‘dip’ 3.8% silver
Gold closed lower on Friday, extending its weekly decline by more than 1%, with prices partly under pressure from the strengthening US dollar and the rise in the yield on the 10-year US government bond in the wake of the positive data for employment announced today. In particular, the US Department of Commerce announced today […]
Gains for gold after three days of losses
Gold traded higher on Wednesday, after three declining sessions, as yesterday’s optimism for a diplomatic solution to the Ukraine war today gave way again to skepticism, reaffirming support for “safe havens” such as precious metal. The reason is the “ice” that today put in the hopes for progress in the talks between the two sides […]
Second consecutive falling session for gold
The price of gold fell slightly for the second consecutive session, as the signs of some convergence points between Moscow and Kyiv have strengthened the risk-taking mood of investors. In particular, the April contract of gold completed its trades with a small drop of 0.7% or 14.4 dollars and fell to 1,939.8 ounces. It is […]
Fall on Friday, but gains of 1.3% per week for gold
Gold traded lower on Friday, but the precious metal ended the week with significant gains, with investors turning their attention to the war in Ukraine and the increasingly aggressive rhetoric of the Federal Reserve. “The danger is that the Russia-Ukraine war will develop [σε 3ο Παγκόσμιο Πόλεμο] “It is limited at the moment and the […]
At almost week high gold due to geopolitical uncertainty
Gold closed at a one-week high on Wednesday, despite the Federal Reserve’s increasingly aggressive interest rate rhetoric, as geopolitical uncertainty remains as no diplomatic solution emerges that could end Russia’s offensive in Ukraine. . The US Federal Reserve “has signaled that a series of planned interest rate hikes are imminent throughout the year, so gold […]
Gold fell 2.8% in the week, palladium “sank” 11%
Gold ended the session with a loss on Friday, extending its weekly losses to 2.8%, the biggest drop on a 5-day basis since November 2021, in a week set by the US Federal Reserve to increase interest rates for the first time since 2018. The price of the precious metal was under pressure from the […]
Gold broke the 4-day bearish streak, with gains of 1.8% – ‘Jump’ 3.7% for silver
Gold ended the four-day downtrend today, finding support for the US currency’s decline, with analysts pointing out at the same time that the outlook for yellow metal prices is unlikely to deteriorate soon. Investors believe that the first rate hike in three years or so announced by the Federal Reserve yesterday is not a very […]