Significant gains for gold on Thursday, with the price of the precious metal exceeding the limit of $ 1,900 and closing at the highest level since June 2021, finding impetus from the climate of intense uncertainty caused by the Russian-Ukrainian crisis and possible Russian invasion of the neighboring country. US President Joe Biden today reiterated […]
Tag: Metals – Gold
Earnings for gold amid fears of the situation in Ukraine
Gold futures closed higher on Wednesday after the United States said Russia was continuing to bring troops around Ukraine and as markets look forward to the release of minutes from the latest Federal Reserve policy meeting. As Global X analyst Rohan Reddy puts it, “As risks rise globally, demand for gold could continue to rise […]
At a three-month high gold with a boost from uncertainty in Ukraine
Gold futures traded at a three-month high on Monday as fears of a possible Russian invasion of Ukraine sparked demand for safe-haven assets. “Comments from US officials late last week suggesting that an invasion of Ukraine from Russia was imminent put the markets at a dead end,” David Russell, marketing director at GoldCore, told MarketWatch. […]
Gold earns 1.9% per week
Gold closed with gains on Friday, expanding its earnings on a weekly basis, finding support for persistently high inflation. Gold continued to rise for the 6th consecutive session, as the precious metal is favored by the jump to a new high of 40 years of inflation in the US. The consumer price index for January […]
Gold earnings in anticipation of US inflation announcements
Gold futures traded higher for a fourth straight day as a slowdown in US bond yields amid broadly expected strong US inflation data kept gold investors alert. Gold futures for April delivery closed at $ 1,836.60, gaining 0.5%. The volatility in metal prices could be explained by fluctuations in the dollar, “which obviously also has […]
Winnings for the third consecutive day for gold
Gold futures traded higher for a third straight day, with investors expecting the Fed to signal aggressive interest rate hikes this year. “The only trade that finds real confidence right now seems to be betting on faster interest rate hikes earlier than [Federal Reserve]said Adrian Ash, director of research at BullionVault. He said he expected […]
Gold gains 1.2% per week
Gold closed lower on Friday, although it had fallen below $ 1,800, following the best-kept data on new jobs in the United States. The U.S. economy added another 467,000 jobs in January, according to the Department of Labor. At the same time, the December data were revised upwards to 510,000 positions from 199,000 previously announced. […]
Gold: Lost the three-day uptrend, held at $ 1,800
Gold closed lower on Thursday, breaking a three-day winning streak but staying above $ 1,800 as investors awaited monthly US employment data to weigh in on the precious metal’s next move. Gold came under pressure from rising US government bond yields, while the dollar lost 0.6% after “unexpectedly negative” data on private sector jobs were […]
Third consecutive profitable session for gold
Gold traded lower as dollar and bond yields fell on a sluggish job report in the United States, boosting demand for safe haven amid tensions between Russia and the West over Ukraine. Gold futures for April delivery rose 0.5% to $ 1,810.30 for a third straight session. Gold is still hovering above $ 1,800 and […]
Gold earnings with a look at the Fed
Gold fell 1% on Wednesday as the dollar stabilized as investors awaited the US Federal Reserve’s decision on interest rates, while supply concerns fueled by tensions over Ukraine led to an 8% rally in palladium. US gold futures fell 1.1% to $ 1,831.40. Silver fell 0.2% to $ 23.77. The dollar remained near a 2.5-week […]