Gold prices have been trading at $2,003.70 per ounce, up 0.73% since yesterday’s price and down 3.03% from the beginning of the year. At the time of writing, gold is trading at $2004.44 per ounce, up +0.63%. Mixed US economic data has impacted the US Dollar, with US Treasury yields …
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Gold prices remained resiliently near a two-month low, reflecting the market’s response to mixed commentary from Federal Reserve officials regarding January’s inflation data. This dynamic has tempered expectations for a significant cut in interest rates, prompting investors to closely monitor developments in the precious metals market. Assessment of Market Movement:In …
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The US Dollar retreated after a strong rebound on Tuesday due to CPI, easing the pressure in the risk-linked universe. The USD Index (DXY) fell from multi-week highs near the 105.00 barrier due to uneven improvement in the risk complex.Economic DataRetail Sales, the Philly Fed Manufacturing Index, Industrial Production, the …
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The price of an ounce of gold has dropped below $2000 for the first time since mid-December. As of this writing, the price of an ounce of the precious metal is $1992.07. Gold prices plummet due to unyielding US inflation statistics. The US dollar returns to its nearly two-month high …
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Gold prices stabilized on Monday, experiencing modest trading activity as investors awaited statements from Federal Reserve officials and key economic data releases. Here’s a breakdown of the latest developments influencing the precious metal market: Stable Gold Prices Amid Holiday Period Gold settled in spot trading at $2,023.03 per ounce, showing …
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Due to the parity of factors that affected the trading environment over the preceding period, the price movement of practically all traded assets closed last week’s trading on the global financial markets with a moderate change.These factors started with investors’ focus on the statements and comments by Federal Reserve Chair, …
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Chinese Markets Closed, Dollar Strength Curbs Safe-Haven Demand Gold prices remained steady in subdued trading as Chinese markets observed the Lunar New Year holiday. Meanwhile, the dollar’s resilience dampened demand for safe-haven assets amid escalating tensions in the Middle East. Current Gold Prices and Market Activity At 0404 GMT, gold …
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Gold prices found stability on Thursday amidst a backdrop of nuanced market dynamics, influenced by statements from Federal Reserve officials tempering expectations of imminent interest rate cuts. Additionally, geopolitical tensions escalated following Israel’s rejection of a ceasefire proposal from Hamas, adding to the complex market landscape. Market Performance: Gold Settles …
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Riskier assets were able to gain additional momentum due to the continuing decline in the US dollar. As global rates continued to rise on Wednesday, investors now seem to support the Fed’s rate cut in May due to ongoing geopolitical concerns.Silver prices fell to fresh two-week lows around $22.20 per …
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Gold prices remained relatively stable on Wednesday as traders awaited statements from US Federal Reserve officials, which could shed light on the trajectory of interest rates for the year ahead. Spot Market Performance There was minimal movement in spot gold prices, which hovered around $2,033.02 per ounce as of 1030 …
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