Tag: Gold prices

September 14, 2023

Gold prices remain under pressure this Thursday after yesterday’s US CPI report showed elevated headline inflation despite a softer core inflation read. This translates through to sustained tight monetary policy by the Federal Reserve. Energy was the primary contributor to […]

March 23, 2023

Gold prices surged on Thursday amid U.S. dollar weakness after the FOMC delivered a dovish interest rate hike and signaled that its tightening campaign may be nearing its end. In late morning trading, XAU/USD was rallying about 1% to $1,986, […]

January 19, 2022

Gold prices fell overnight and remain under pressure in Asia-Pacific trading amid rising global bond yields. The benchmark US 10-year note’s yield rose to its highest level since January 09, 2020, as traders priced in an aggressive Fed rate hike […]

December 17, 2021

Gold prices closed above a 3-week high on Thursday. The anti-fiat yellow metal continued to gain ground in the aftermath of this week’s Federal Reserve monetary policy announcement. There, the central bank doubled the pace of tapering asset purchases, opening […]

October 5, 2021

Gold and gold coins are considered to be one of the most traditional investments that exist. For hundreds of years, this was an asset highly valued by the most varied types of society. One of the advantages most considered by […]

August 31, 2020

Gold futures traded around break-even levels on Monday as the U.S. dollar weakened slightly heading into the last trading session in August. Bullion continues to be viewed as a haven in the face of the COVID-19 pandemic, and the precious […]

August 19, 2020

Gold prices fell on Wednesday as the U.S. dollar halted its skid and as commodity investors watch for minutes from the Federal Reserve’s July policy meeting, which could provide further insights on the central banker’s outlook for the U.S. and […]

July 10, 2020

Gold futures turned lower on Friday, but held ground above $1,800 an ounce, on track to score a fifth weekly gain in a row as the spread of coronavirus in many U.S. states and other countries raised the need to […]

July 8, 2020

Gold futures climbed on Wednesday, building on their highest settlement since September 2011 a day earlier and supported by the prospect of a lengthy period of government and central bank stimulus to support economies harmed by the COVID-19 pandemic. The […]

May 4, 2020

Gold prices could “break the highs” seen earlier this year, after declining in March along with assets across the board, according to UBS Investment Bank’s Joni Teves. “There is growing potential (for gold) to break $1,800 (per ounce) in my […]

March 19, 2020

Gold prices recovered some ground Thursday, after seeing the lowest levels of the year, as governments and central banks made moves to support the global economy, which has suffered under the spread of the COVID-19 pandemic. Recent losses in global […]

January 29, 2020

Gold futures looked to recover some of its recent losses Wednesday, as traders continue to weigh the spread of coronavirus cases and its potential impact on the global economy. The moves for the metal come ahead of a monetary policy […]

January 10, 2020

Gold futures traded slightly lower Friday, heading for the longest losing skid in more than two months after the monthly U.S. employment report helped to solidify a rally in equities and away from so-called havens, as Middle East tensions ease. […]

December 6, 2019

Gold futures dropped sharply Friday after the U.S. report on November employment came in better-than-expected, with gains last month of 266,000 new jobs, marking the biggest monthly gains since January and reaffirming the health of the domestic economy. Prices for […]

January 23, 2019

Gold prices stuck to a tight trading range on Wednesday, as some strength in U.S. equities dulled investment demand in the metal but weakness in the leading dollar index offered support. A mixed picture on the economic outlook and major […]

October 29, 2018

Gold prices pulled back Monday as strength in the dollar and U.S. stock market dulled investment demand for the precious metal. Still, gold remained within striking distance of the multimonth highs grazed last week when equities were rocked lower and […]

December 12, 2017

Gold prices wavered again on Tuesday, holding ground at a more than five-month low in cautious trading ahead of the Wednesday Federal Reserve decision on interest rates and hints on the course for policy in 2018. Gold slipped even as […]