Gold closed slightly higher on Wednesday, holding the $1,810 level, after the impressive slowdown in US inflation in July, but with Goldman Sachs’ ongoing revision of its short-term outlook forecasts preventing precious metal to claim something better. More specifically, the significant annualized slowdown in the US consumer price index in July, to 8.5% from 9.1% […]
Tag: Metals – Silver
Marginal gains for gold, held above $1,700
Gold closed with small gains on Tuesday, holding above $1,700 an ounce as the dollar continued to weaken against major currencies. Specifically, gold for August delivery added 50 cents, or less than 0.1%, to settle at $1,710.70 an ounce. Meanwhile, silver for September delivery lost 13 cents, or 0.7%, to settle at $18.713 an ounce. […]
Gold gains after fifth straight week of losses
Gold prices rallied on Monday as a weaker dollar helped gold recover some of its recent losses as easing fears of a 100 basis point rate hike by the US Federal Reserve also provided support. Gold for August delivery gained 0.4% to settle at $1,710.20 an ounce. September silver gained 1.3% to close at $18.84 […]
Gold is at a 15-month low and silver is at a 2-year low under pressure from the dollar
Gold suffered major losses on Thursday, with the precious metal under heavy pressure from a stronger dollar, which pushed its price to its lowest level in more than a year, while silver and platinum hit two-year lows. According to the analysts rise of the dollar has weighed on metal prices. Today, the US currency climbed […]
Second day in a row of losses for the gold bullion dollar
Gold prices fell for a second straight session on Tuesday, remaining at a more than nine-month low, as a strengthening dollar kept the precious metal under pressure, which climbed to a 20-year high earlier today. After all, gold has been under pressure for days on expectations that the Federal Reserve will continue its aggressive interest […]
Gold at 21-month low after 7-day losing streak
Gold posted a seventh straight session of losses on Wednesday, with fresh dollar gains pushing the price of the precious metal to a 21-month low. On Wednesday, the ICE US Dollar Index rose 0.5% to 107.03. The most obvious reason for gold’s decline is the dollar’s sharp rise, “as the ICE US Dollar index (which […]
Inflation concerns pushed gold and silver to a two-month high
Gold climbed to a two-month high on Wednesday, ending in positive territory for the first time after three downtrends, as the weakening dollar and the slight decline in US government bond yields, after their sudden rally, returned investment interest in precious metal. The recent rise in US bond yields, with the 10-year yield approaching almost […]