Gold rose within a narrow range Tuesday, September 22nd, as fears of a surge in COVID-19 cases across Europe addressed the pressure of the dollar’s strength on the precious metal, ahead of words for decision-makers in the US Federal Reserve this week. Gold rose in the spot market 0.1% to …
Read More »Gold Closes at Lowest Level in Two Months
Despite a decline in risk appetite among investors, gold prices plunged on Monday as the US Dollar (USD) registered large gains. Gold futures for December delivery decreased by $51.50, or 2.6%, and settled at $1,910.60 per ounce. Earlier today, the yellow metal futures were trading below $1,889 an ounce. This …
Read More »Gold Drops to Its Lowest Level in Nearly Two Weeks as US Dollar Recovers
Gold prices fell to their lowest level in about two weeks on Monday, with the rise of the dollar, while the pressure on the precious metal increased due to doubts about additional stimulus measures in speech of policymakers at the US Federal Reserve this week. Gold fell in the spot …
Read More »Gold Rises Supported by Weak Dollar
Gold prices rose Monday, September 21st, buoyed by the dollar’s weakness as investors looked for words from US Fed policymakers this week to learn more about the central bank’s approach to inflation. Spot of gold rose 0.2% to 1952.59 dollars an ounce by 05:30 GMT. And gold in US futures …
Read More »Gold Maintains Gains for Second Week
Gold prices maintained a rising streak for the second consecutive week after rising on Friday. Gold futures for December delivery gained $12.20, or 0.6%, and finished at $1,962.10 per ounce, adding 0.7% for the week. Meanwhile, silver futures increased by 3 cents, or 0.1%, and closed at $27.129 per ounce, …
Read More »Gold is Rising on Weak US Dollar
Gold prices rose and on track to achieve gains for the second week in a row thanks to the weak dollar as weak jobs data in the United States negatively affected hopes for the economic recovery. Gold rose in spot trading 0.6% to 1953.70 dollars an ounce with the opening …
Read More »Gold Prices Declines Following Fed Statement
Gold prices declined on Thursday after the Federal Reserve expressed intentions to maintain interest rates near 0% until 2023. Gold futures for December delivery declined by $20.60, or 1.1%, and finished at $1,949.90 per ounce. Meanwhile, silver futures for December delivery closed lower by 38 cents, or 1.4%, at $27.10 …
Read More »Gold Falls on Strong US Dollar After Fed Forecast
Gold prices fell Thursday, September 17th, as the dollar rose after the US Federal Reserve painted a positive picture of the economic recovery, but declined to provide concrete indications of further stimulus. By 05:24 GMT, spot gold fell 0.8% to $ 1943.70 an ounce, while US gold futures fell 1% …
Read More »Gold Closes Higher Ahead of Fed Statement
Gold prices rose on Wednesday, amid a fluctuating performance by the US Dollar (USD), which came mostly in the negative territory ahead of the release of the US Federal Reserve policy statement. Gold futures for December delivery increased by $4.30, or 0.2%, and settled at $1,970.50 per ounce.
Read More »Gold Stable, Eyes on Fed Meeting
Gold prices rose on Wednesday, September 16th, thanks to the dollar’s decline, as investors awaited the outcome of a meeting of the Federal Reserve (US Central Bank) in search of details of the bank’s plans to balance interest rates against its inflation target. Gold rose in the spot market 0.2% …
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