Tag Archives: gold prices

The reco0very of gild price has stalled following the release of the key Retail Sales Data and the Producer Price Index (PPI) data. US Retail Sales data for October contracted at a slower pace of 0.1% against estimates of a 0.3% decline. The US monthly headline PPI contracted by 0.5%, …

Spot gold is trading at $1964.11 per ounce at the time of writing. Gold prices have surged in early US trading session, following a slightly tamer US inflation report. The consumer price index report for October came in at 3.2% year-on-year, falling into the camp of US monetary policy doves …

Gold approached its lowest level in three weeks on Thursday, November 9, as demand for safe havens resulting from the conflict in the Middle East faded, while investors awaited the Federal Reserve Chairman’s statements seeking more evidence on interest rates. Gold fell in instant transactions by 0.1% to $1,948.39 per …

On Wednesday, gold was expected to reach new lows, testing $1,950. Investor hopes for a dovish Fed ease are pushing back precious metals. Gold is trading at $1,947.96 per ounce at the time of writing.US Treasuries are still quite low; they recently eased back to 4.5% from 4.615%. Gold is …

The 10-year yield increased to 4.66%, while the 2-year yield rose from 4.85% to 4.93%, providing support for the Dollar and averting further losses. Thus far, the dollar’s recovery seems corrective, and fundamental reasons continue to give the currency vital support.The US Dollar Index fell to its lowest point since …

Place Gold is retreating from $1,990 as the yield on US Treasury notes increases slightly. Early on Tuesday, the market is becoming more nervous as the RBA is expected to hike interest rates by 25 basis points. China data will also be discussed during Tuesday’s early trading session.As of this …

Gold fell on Monday as risk appetite increased, while traders awaited a speech by Federal Reserve Chairman Jerome Powell and statements from a group of Federal Reserve members scheduled for this week for further clues on the path related to monetary policy. By 1152 GMT, gold in spot transactions fell …

The gold market has been seeing some two-way price action of late. After hitting close to $2,000 last month on geopolitical worries, Gold is poised for its first weekly loss in nearly a month as safe-haven demand cools ahead of today’s key US jobs data. Gold edged higher intraday but …

Gold price clings to gains prompted by paused monetary policy from the Fed. Weak US private payrolls and factory data have diminished the appeal of the US dollar. The release of the US NFP would guide further action on the precious metal.As of this writing, gold is trading at $1983.50. …

Gold price rallies to $2007.75 per troy ounce, bouncing back from daily lows of $1976.97. Escalating Middle East conflict and Israel military expanding its operations in Gaza.Gold price finally broke the $2000 troy ounce barrier on Friday amidst increasing geopolitical risks, as the conflict between Israel and Hamas is at …