Gold prices declined on Friday, extending their weekly decline that snapped a four-week rising streak, amid the rise of the U.S. Dollar (USD) and an improvement in risk appetite among investors, who seem to be less worried about reflation and slow recovery concerns. However, the yellow metal was supported by …
Read More »Gold Prices Heading for Weekly Loss on Greenback Rally
Gold prices stabilized during trading Friday, July 23, but are heading for the first weekly decline in five weeks, as the rally in the dollar made the metal more expensive for holders of other currencies. The spot price of gold settled at $1807.45 an ounce by 06:34 GMT, recording a …
Read More »Gold Closes Higher as Risk Appetite Fades
Gold futures for July delivery rose on Thursday, amid a deterioration in the risk appetite among investors after data showed a surge in jobless claims in the U.S., promoting more concerns about the recovery from the pandemic. The yellow metal’s gains also come amid fluctuations by the U.S. Dollar (USD) …
Read More »Gold Near Its Lowest Level in a Week on Rising Risk Appetite
Gold prices fell on Thursday, July 22nd, to near the lowest level in more than a week, under pressure from a stronger dollar and rising risk appetite, while investors awaited the European Central Bank’s meeting scheduled for today. By 05:14 GMT, the spot price of gold was down 0.2% to …
Read More »Gold Registers Biggest Daily Drop in Two Weeks
Gold prices resumed losses on Wednesday, falling for the third time in four sessions, despite a mixed performance by the U.S. Dollar (USD) with lower demand for safe havens as stock markets surged to recover from earlier declines. The yellow metal’s front-month futures Gold for July delivery lost $8.00, or …
Read More »Gold Prices Fall as Dollar Rises
Gold prices fell, heading for losses for the second session in a row, as the dollar’s gains and the recovery of US Treasury bond yields weighed on the metal’s safe-haven attractiveness amid fears of the rapidly spreading Delta variant of the Coronavirus. The spot price of gold fell 0.2 percent …
Read More »Gold Closes Lower to Narrow Weekly Rise
Gold prices decreased on Friday, limiting its fourth consecutive weekly rise, amid fluctuations by the U.S. (USD) that seem to be struggling for direction after the recent remarks by the Federal Reserve Chair Jerome Powell relatively eased concerns about the recent surges in inflation. Gold futures front-month contracts for July …
Read More »Gold Heading For The Fourth Weekly Gain, With Fed Sticking to Easing Tone
Gold prices fell on Friday, July 16, but remained on track to achieve gains for the fourth consecutive week, supported by the confirmation of the US Federal Reserve Chairman to stick to the accommodative monetary policy of the economic recovery. And the price of gold in spot transactions fell 0.3% …
Read More »Gold Maintains The Gradual Rise
Gold prices continue to maintain their gains after it succeeded in building on the psychological barrier of 1800, touching the first target mentioned in the previous analysis at 1835, recording the highest of 1835. On the technical side today, with the price continuing to obtain a positive stimulus from the …
Read More »Gold Closes Lower as Inflation Concerns Ease
Gold prices finished lower on Thursday after recent remarks by the Federal Reserve Chair Jerome Powell eased concerns about the rising inflation a sudden change in monetary policy. The yellow metal’s decline comes a day after finishing at its highest level in about a month. Gold futures for August delivery …
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