Gold prices fell more than 2 percent on Monday. Spot gold was down 2% at $2,393.66 an ounce. In contrast, US gold futures fell 1.4% to $2,434.10. Spot silver fell 5.7% to $26.92 an ounce, palladium fell 4.5 percent to $849.05, its lowest level since August 2018, and platinum fell 4.1 percent to $918.35. Other…
Monday’s Asian trading saw a rise in gold prices, regaining some of the ground lost during July’s downturn. This was due to attention being drawn to the Federal Reserve’s upcoming meeting when it is anticipated that the central bank would issue additional hints regarding interest rate cuts. Gold futures expiring in December saw a 0.5%…
In response to significant U.S. jobs data that indicated the labor market was slowing and raised hopes for a Federal Reserve interest rate decrease in September, gold prices continued to rise on Friday, reaching their highest level in over a month. Spot gold was trading at $2,385.63, up 1.3%. Thus far this week, gold has…
Tuesday’s increase in gold prices followed several days of high gains in 2023, as traders welcomed the possibility of an early 2024 Federal Reserve interest rate decrease. The market greeted the Fed’s dovish signals with open arms, increasing betting that the bank may start reducing rates as early as March 2024. Spot prices of the…
On October 25, gold prices rose as a result of falling U.S. Treasury yields, but the safe-haven demand for gold began to wane, making further gains difficult. After officials from all around the world tried to defuse the Israel-Hamas conflict, this development occurred. After falling the previous two days, spot gold increased by 0.3 percent…
As investors priced in a pause in interest rate increases by the Federal Reserve during its policy meeting this week, with a focus on the U.S. central bank’s rate outlook, gold prices nudged higher on Monday. The price of spot gold increased 0.2% to $1,928.19 per ounce. American gold futures increased 0.2% to $1,949.30. Ahead…
On Wednesday, gold prices rose as a slight drop in the dollar and Treasury yields allowed bullion to stabilize close to a crucial $1,900 level ahead of a meeting of central bankers that was likely to reveal clues about the direction of interest rates. While American gold futures increased by 0.2% to $1,929.40 per ounce,…
The bullish trend in the bullion pack and crude oil persisted in the commodities market, while most base metal prices declined last week. The favorite asset class for investors at the moment is still yellow metal. Comex spot gold price soared to a brand-new 52-week high of $2032 per ounce, and for the week, the…
Silver reached $25 per ounce and gold was on track to reach a new high as the dollar index hit a 2-month low and US data sparked demand for safe-haven assets like precious metals. Silver futures for delivery in May ruled at $25.02 per ounce in early Wednesday trade, while gold futures for delivery in…
Gold prices were unchanged on Friday, maintaining their proximity to the important $2,000 mark following wild swings this week, but safe-haven demand in the face of a potential banking crisis has left the yellow metal on track for a significant increase this quarter. Prior to staging a rebound on Thursday, when higher-than-expected U.S. jobless claims…
