Gold prices rose on Tuesday, December 29th, buoyed by the dollar’s decline, as investors’ eyes turned to the US Senate vote on an increase in aid linked to the pandemic, but rising Asian stocks limited the gains. This rose gold in immediate transactions 0.4% to 1877.66 dollars an ounce. The …
Read More »Oil Prices Fall as US Stimulus Concerns Dominated Demand
The House of Representatives voted Monday to repeal President Donald Trump’s veto against an annual defence spending bill and put the final steps to challenge the Republican president in the hands of the Republican-led Senate. Senate Majority Leader Mitch McConnell said his House would vote to override the veto on …
Read More »Gold Finishes Lower After Nearing $1,900
Gold prices ended Monday lower, opening the week with a negative performance after rising earlier in the first session of the week following Christmas. The decline of gold prices comes as the US Dollar (USD) is showing some rebound sings, despite the passing of a new stimulus package. Gold futures …
Read More »Oil Cuts Losses After Trump Signs The Aid Bill
Oil prices trimmed losses today, Monday, after US President Donald Trump signed an aid package for those affected by the Coronavirus and public spending totaling $ 2.3 trillion, but market sentiment was affected by persistent concerns about demand in the near term. With the Asian markets closed, Brent crude futures …
Read More »Gold Reaches Weekly High On US package Approval
Gold prices rose by up to 1.3% today, Monday, as investors welcomed the signing of US President Donald Trump’s long-awaited aid package for those affected by the pandemic, as well as additional support provided by the falling dollar. With the close of the Japan Stock Exchange, the spot price of …
Read More »Oil Closes the Week in Losses Ahead of Christmas
Oil prices rose slightly on Thursday ahead of the Christmas holiday, but ended the shortened week in losses. Crude prices remain supported by a decline in the United States oil stockpiles, as reported on Wednesday by the U.S. Energy Information Administration (EIA). Moreover, the number of active rigs drilling for …
Read More »Gold Records First Weekly Decline in a Month
Gold prices rose on Thursday for the second consecutive session, ahead of the Christmas holiday. On a weekly basis, the yellow metal futures registered its first fall in four weeks, after three rises in a row. Gold futures for February delivery gained $5.10, or 0.3%, and closed at the level …
Read More »Gold Rising, Supported by US Dollar’s Decline and Hopes For Stimulus
Gold prices rose Thursday, December 24th, as the dollar fell and investors are betting on more stimulus in the United States, despite President Donald Trump’s threat not to sign a long-awaited aid package linked to the pandemic. Spot gold rose 0.2% to $ 1875.20 an ounce by 07:22 GMT, after …
Read More »Oil Settles Higher After Two Declines
Oil prices rose on Wednesday, showing positive recovery signs after two consecutive declines, supported by a decline in crude inventories in the United States. In addition, the decline of the US Dollar (USD) and renewed hopes for a Brexit trade deal are providing support for crude prices. Brent crude futures …
Read More »Gold Rises After Two Declines
After two consecutive declines this week, gold prices rose on Wednesday, supported by a decline by the US Dollar (USD) on the back of mixed economic data. Gold futures for February delivery rose by $7.80, or 0.4%, to finish at $1,878.10 per ounce. Meanwhile, Silver futures for March delivery added …
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