Tag Archives: gold prices

Gold prices continued their relentless ascent on Monday, propelled by speculative activity and persistent tensions in the Middle East, which overshadowed the robust US jobs data released last week. In spot transactions, gold climbed 0.3 percent to $2,335.73 per ounce by 0646 GMT, after reaching a record high of $2,353.79 …

The past trading week witnessed remarkable fluctuations coinciding with the beginning of the second quarter of the year 2024, as strong US economic data raised speculation about the ability of the US Federal Reserve to reduce interest rates and when it might make such a decision. The week concluded with …

Gold prices caught their breath today, Friday, after a wave of record highs that lasted for five sessions and led the yellow metal to record gains for the third week in a row. This comes at a time when the market is awaiting non-farm payrolls data in the United States, …

Amidst a prevailing appetite for riskier assets, the US dollar witnessed another weak day on Thursday. This was before the announcement of important non-farm payrolls on Friday. The ECB Accounts opened the door to rate reduction in June, while Fed speakers maintained its cautious approach. The USD Index fell to …

Gold prices rose to a record level on Thursday, amid Federal Reserve officials confirming their expectations to cut interest rates in 2024, in addition to anticipating job data in the United States. Gold settled in spot transactions at $2,299.28 per ounce by 0343 GMT, after rising to an unprecedented level …

The weaker US dollar and falling US Treasury yields have kept gold prices anchored around $2,300. Fed Chair Powell’s suggestion that rates might be lowered this year, if inflation keeps falling, helped the XAU/USD Index rise. US Data Lifts Gold Price Precious metals are rising even if ADP data shows …

Japan’s Nikkei index closed lower on Wednesday, affected by a decline in the shares of Fast Retailing, which owns the Uniqlo supermarket chain, in addition to a decline on Wall Street on Tuesday night. Shares of technology companies fell, tracking their counterparts in the United States, and the strong earthquake …

As European investors got back to work after the long Easter break, the US dollar declined from its recent highs, providing some much-needed relief in the risk-linked world. The USD Index (DXY) dropped to 104.70 from recent heights over 105.00 as a result of fresh selling pressure on the US …

Gold has reached an all-time record high of $2,280 due to geopolitical tensions and strong US data. The recent attack of Israel against an Iran embassy in Syria on April 1 supported Gold’s rise despite higher US Treasury yields and a strong US Dollar. Economic data from the US prompted …

Gold prices surged to a new record high on Tuesday, driven by demand from influential investment funds despite a stronger dollar and expectations of prolonged higher US interest rates. At 1055 GMT, gold rose 0.5 percent in spot trading to $2,262.51 per ounce, after hitting unprecedented levels at $2,266.59. This …