Gold prices surged to a record high of nearly $2,300 as a result of the earthquake in Taiwan reducing risk appetite

Following the terrible earthquake in Taiwan, demand for safe haven assets surged, and uncertainty surrounding U.S. interest rates further fueled demand for gold, which helped prices of the metal rise in Asian trade on Wednesday and stay close to record highs. An earthquake in Taiwan has damaged the island’s infrastructure and main chip production facilities,…

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while gold gave up its gains, most commodities are seeing bullish momentum, and traders are watching for signs of a U.S. Fed rate hike

The commodities market experienced positive momentum the whole week, with the exception of gold, with most commodities posting weekly gains ranging from 1.5% to 3.0%. Due to traders locking in their profits during the recent advance, gold prices gave up all of their weekly gains and ended up slightly lower last week. As traders monitored…

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Today’s Gold Prices: Experts anticipate a little increase in the price of the yellow metal; purchase on declines

Gold prices edged up on December 5 in the international markets and hovered near the key $ 1,800 level, as a softer U.S. dollar made the greenback-priced bullion cheaper for buyers holding other currencies. spot gold increased 0.1 percent to $1,800.02 per ounce. In the previous session, prices rose to $1,804.46—their highest level since August 10. At…

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