Gold tested its 200DMA above USD 1790 earlier on Wednesday’s session but has since slipped back to the mid-USD 1780.Gold is currently in a wait to see mode ahead of Friday’s key US inflation numbers. The gold Index is trading flat in the New York session near USD 1,784 and …
Read More »Gold Strives To Hold Consolidation
Although gold markets firstly fell during trading on Tuesday, the precious metal found enough buyers underneath to push it up. Spot gold was up 0.2% to $1,782.39 per ounce by 01:40 p.m. ET (1840 GMT). U.S. gold futures settled up 0.3% at 1,784.70. Gold is trying to stay in the …
Read More »Gold Market’s Surplus Continues In 2022
Strong economic recovery, rising nominal yields and potential rate hikes are factors that together hurt investors’ appetite for gold, which has affected other precious metals as well, according to the latest report by London-based Metals Focus Consultancy.Metals Focus said that the threat of new virus variants, concerns of stagflation and …
Read More »Gold Rises as Fears of Omicron Boost Its Allure
Gold prices rose on Monday after concerns about the impact of the potentially vaccine-resistant Omicron strain of coronavirus boosted gold’s safe-haven appeal. Spot gold rose 0.1 percent to $1,793.72 an ounce. US gold futures rose 0.4 percent to settle at $1,793.2. Actual demand for gold in major Asian hubs increased …
Read More »Why Gold Prices Have Surged?
Gold rose Friday morning in Asia, poised for its worst week in five months on growing bets. The US Federal Reserve will begin to taper and raise interest rates faster than expected to stem rising inflation. Gold futures rose 0.76% to $1,797.80. The yellow metal fell more than 2.8% during …
Read More »Gold Rises With The Decline of The Dollar
Gold prices rose on Thursday as the dollar weakened, but hawkish comments from US Federal Reserve policymakers limited the metal’s allure and kept it well below the important $1,800 level. Spot gold rose 0.2 percent to $1,791.76 an ounce by 0501 GMT, after falling to its lowest level since November …
Read More »Gold Lower Ahead of US Data, FOMC Minutes
The latest FOMC monetary policy meeting minutes, Wednesday, are expected to drive the USD demand and provide a fresh motivation to gold prices. Gold failed to maintain its intraday gains and turned lower for the fifth straight session as the stronger USD acted as a hindrance for the precious metal. …
Read More »Gold Hovers Around $1800 as The Dollar Continues to Strengthen
Gold prices rose marginally on Wednesday, despite the strength of the US dollar and speculation that the Federal Reserve will raise interest rates soon, keeping the metal below $1800. Spot gold rose 0.3% to $1,794.96 an ounce by 02:39 GMT, after losing 1.4% on Tuesday to its lowest since November …
Read More »Gold Falls More Than 2% After Powell
Gold prices fell more than 2% today, Monday, as the US dollar jumped after the re-nomination of Federal Reserve Chairman Jerome Powell for a second term, This fueled expectations that the US central bank would continue the Fed policy. Gold in spot transactions was down 2.08% at $ 1806.20 an …
Read More »Gold Retreats on Powell’s Reappointment News
Gold prices have put in an aggressively retreating move Monday, seemingly driving on the news that Fed Chair Jerome Powell has been reappointed for a second term.While few would consider Chair Powell as a hawk, the fact that this move has printed so cleanly off of that headline indicates that …
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