Gold closed higher on Friday and silver rebounded from a two-year low, but both precious metals were down for the week. In particular, Mr gold December delivery rose $13.30, or 0.8%, to $1,722.60 an ounce. Gold, which on Thursday closed at its lowest level since July 20, fell 1.6 percent for the week, according to […]
Tag: palladium
Gold and silver down: At 6-week lows and over two-year lows respectively
Precious metal prices fell again on Thursday, with gold falling to its lowest level in about six weeks and silver closing at its lowest level in more than two years as investors bet that interest rates will remain high for longer period of time. “Both gold and silver are suffering due to similar reasons: rising […]
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 […]
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 […]
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 […]
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 […]
Over $ 2,000 in gold for the first time since 2020 – Historical record for palladium
The price of gold has surpassed $ 2,000 for the first time since 2020, with many investors rushing to the precious metal as a safe haven amid escalating Ukrainian crises, while fears of supply disruptions are driving palladium to historical high. The spot price of gold was at $ 1,990.20 per ounce, up 1.1% at […]
Historically high for copper and palladium – ‘Jump’ 4% gold per week
Rally on metals on Friday, with gold expanding profits and palladium and copper hitting historic highs as concerns about the situation in Ukraine escalate following the capture – by Russian forces – of Europe’s largest nuclear power plant. in Zaporizhia. The attack on the nuclear power plant raises fears that the Russian invasion of Ukraine […]
Gains of 0.7% for gold – At a seven-month high of palladium
The price of gold follows a course towards 2,000 euros against the background of the uncertainties brought by the war in Eastern Europe, while the palladium continues the upward rally of the last months. In particular, the April contract for gold completed today’s trading, up 0.7% or $ 13.6, with a price of $ 1,935 […]
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. […]