Tag Archives: Gold

Gold prices rose on Wednesday with the decline of the U.S. Dollar (USD) after data showed that inflation in the United States registered 5.4% in July. The yellow metal managed to close higher for the second consecutive day, registering its highest gains since July 29. Gold front-month futures gained $21.60, …

Gold prices rose, as fears of a rise in covid-19 cases with the mutated strain of the Coronavirus outweighed pressures from the rise in the dollar and bond yields, while investors awaited inflation data in the United States due to being released later today. Spot gold rose 0.2% to $1,732.61 …

Gold prices rose on Tuesday, despite the rise of the U.S. Dollar (USD) across the board, with investors tempted by the relatively low levels that the yellow metal has reached following recent declines. Gold front-month futures closed higher by $5.40, or 0.31%, at $1,728.8 per ounce. This market the largest …

Gold prices experienced a strong decline during the previous trading session, exceeding the official station that is required to be touched, located at the price of 1722, to record its lowest level of 1677. Technically, gold prices tried to compensate for the losses within a temporary bullish path, and with …

Gains by the U.S. Dollar (USD) pushed gold prices into a third consecutive decline on Monday, with the yellow metal opening the week on a lower note, amid a weakened demand for safe-haven assets and an improvement in investors’ sentiment. Gold front-month futures declined by $36.60, or 2.08%, and finished …

Gold fell to its lowest level in more than four months on Monday, as strong US jobs data fueled fears of an earlier-than-expected interest rate hike, increasing the opportunity cost of holding the non-yielding yellow metal. And gold fell in the spot market 1.1% to 1744.50 dollars an ounce. In …

The prices of the yellow metal incurred heavy losses during the trading session last Friday, under pressure from the rise of the US currency, to end its trading around 1762. Technically, and by looking at the 4-hour chart, we find the continuation of the negative pressure is still valid, as …

Gold prices finished lower on Friday, as the U.S. Dollar (USD) surged following the release of last month’s strong jobs report. Gold front month futures declined by $45.10, or 2.50%, to close at $1,760 per ounce, losing the key 1,800 level and finishing at its lowest level since April 14. …

Gold fell on Friday, August 6, to stay near the important level of $1800 an ounce, as it came under pressure from the stronger dollar as investors awaited the US jobs report for indications on the Federal Reserve’s stance on policy. And gold fell in immediate transactions 0.3% to $ …

Gold prices declined on Thursday for the second time in three sessions, despite the U.S. Dollar (USD) fluctuating against major currencies. The yellow metal has been under some selling pressures due to profit making and a relative improvement in risk sentiment that provided support for stock markets, with investors monitoring …