Gold prices rose on Friday, extending their weekly gains, amid increased demand from investors. The yellow metal futures for April delivery gained $9.20, or 0.5%, to close today’s session at $1,741.70 per ounce. For the week, gold futures gained about 1.3%.
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Gold is on the path of achieving its second consecutive weekly gain today, as it is supported by a slight decline in the dollar and US Treasury revenues. Spot gold rose 0.3% to $1740.99 an ounce. And the yellow metal is up more than 0.6 percent since the beginning of …
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Mixed trades dominated the movements of the yellow metal within a stable random context from above below the resistance at 1755 and from below above the support at at 1720. On the technical side today, we find the 50-day moving average pressuring the price from the top, in addition to …
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Gold prices fell today as the dollar held on to the gains it achieved in the previous session on the back of a rise in US Treasury yields, while the safe-haven metal was under heavy pressure due to the Fed’s expectations of a strong economic recovery. In spot trading, gold …
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Gold prices rose on Thursday, recovering from their losses earlier in the session due to the rise in Treasury bond yields, supported by the recent expectations of the Federal Reserve. The surge in Treasury yields, which were fueled by expectations of a rise in inflation above 2% this year and …
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Gold fell surprisingly after reaching its highest level, with severe selling pressure and the survival of trading below 1730, which may increase selling pressure… to be updated…
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Gold prices rose Thursday, March 18th, to the highest level in more than two weeks after the US Federal Reserve pledged to keep interest rates near zero until 2023, but the gains of the yellow metal, which is considered a safe haven, were limited by the bank’s expectations of a …
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Gold futures settled lower on Wednesday, as rising U.S. Treasury bond yields pressured the yellow metal ahead of the release of the Federal Reserve policy statement. Gold futures for April delivery declined by $3.80, or 0.2%, to finish at $1,727.10 per ounce. After the Federal Reserve announced its decision to …
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Gold rose on Wednesday, March 17th, hovering near its highest level in more than two weeks, amid expectations of a higher level of inflation, although trading was limited to a narrow range, with investors showing caution before the two-day policy committee meeting of the Federal Reserve. Gold rose 0.3% in …
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Gold prices rose on Tuesday to finish at their highest level in about two weeks, supported by expectations that the Federal Reserve policy statement will help lower Treasury bond yields. The yellow metal futures for April delivery rise by $1.70, or 0.1%, to close at $1,730.90 per ounce. This the …
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