Gold ended Thursday’s session with small losses, one day after recording its biggest daily rise since December and its highest closing in two months. “Gold is finally finding its footing, mainly due to the inflationary environment we are experiencing, combined with the relatively weak US dollar lately,” said Adam Koos, president of the Libertas Wealth […]
Tag: palladium
Gold: Gains of 1.1% per week despite today’s losses
Gold closed the week with gains, despite today’s losses. Colin Cieszynski, chief market analyst at SIA Wealth Management, attributed the day’s drop in part to profit-taking ahead of the three-day no-trade, as markets will be closed on Monday due to the Martin Luther King Jr. holiday. However, the fall of the US dollar in the […]
Gold: ‘Breaking’ the uptrend with a drop of 0.5%
Gold closed lower on Thursday, recording its first drop in five sessions, following the rise in the US producer price index in December, which was lower than market expectations. In particular, according to data released by the US Department of Labor, producer prices on an annual basis increased by 9.7% compared to an increase of […]
Gold closed at a three-week high – 11% jump for palladium
Gold held a rally on Thursday, on the “back” of the fall of the US dollar, with the yellow metal closing at its highest point in three weeks, a day after the update – at the strictest – of the monetary policy of the Federal Reserve. The rise in gold came despite the announcement by […]
Gold again topped $ 1,800 – Earnings of 1.8% per week
Gold rose more than $ 1,800 again on Friday, the highest closing since early September, following data released earlier today that the US economy added more jobs than expected in October, but disappointed participation in labor while rising inflation dampens the prospects for stronger economic growth. In particular, the US economy added another 531,000 jobs […]