Gold fell on Monday, as the White House signal that US President Donald Trump was “responding well” to the Covid-19 treatment improved global sentiment, prompting the withdrawal of money from the metal that is usually considered a safe haven. Doctors said his health was improving and he may return to …
Read More »Gold Short-Term Bias Skewed to The Downside
Gold is trading on the negative side in early trading for the current session, and prices are witnessing some intraday stability below 1901. In terms of technical analysis, and by taking a look at the 240-minutes chart, we find that negative signs started to appear on the stochastic and began …
Read More »Gold Narrows Weekly Gains after Trump Contracts COVID-19
Gold prices declined on Friday as markets are still digesting news of the President of the United States, Donald Trump, and his wife, testing positive for COVID-19. The news did not result in a shock or panic buying of the precious metal, which ends the week in gains. Gold futures …
Read More »Gold Continues Gains After Trump
Gold continued to record gains, making its way to its best weekly performance in nearly a month, as investors run to safe haven after President Trump tested positive for the Corona virus. Gold spot rose 0.5% to 1915.34 dollars an ounce, erasing losses it incurred in early trade in Asia. …
Read More »Gold Futures Rise and Head to Weekly Gains
Gold prices rose on Thursday to its highest closing level in about two weeks, amid the decline of the US Dollar (USD). Gold futures for December delivery increased by $20.80, or 1.1%, and closed at $1,916.30 per ounce, its highest finish since September 18. The yellow metal is now heading …
Read More »Gold Rises on Dollar’s Decline And Hopes for a US Stimulus
Gold rose Thursday, October 1st after being boosted by the dollar’s decline and signs of progress in talks on new US stimulus measures. Gold Spot gained 0.4% to $1892.23/ounce, to start the month on the upside, after posting the largest monthly decline since September 2016. US gold futures rose 0.2% …
Read More »Gold Loses 4.2% in September
Gold prices declined on Wednesday, expanding its monthly losses during September. The yellow metal futures for December delivery decreased by $7.70, or 0.4%, and finished at $1,895.50 per ounce. Gold’s monthly losses during the ending month amounted to 4.2%. However, gold registered a 5.2% increase during the third quarter (Q3) …
Read More »Gold on Its Way to Post Worst Month Since November 2016
The yellow metal continues on its way to post its biggest monthly decline in nearly 4 years, driven by the strong US dollar and the return of caution to the markets after the first presidential debate in the United States. Spot gold fell 0.6% to 1,885.81, down 4.3% since the …
Read More »Gold Settles Above $1,900 an Ounce
Gold prices increased on Tuesday for the second consecutive session, restoring the $1,900 per ounce mark. The yellow metal gains were supported by the US Dollar (USD) decline. Gold futures for December delivery gained $20, or 1.1%, and settled at the level of $1,903.20 per ounce.
Read More »Gold Settles as US Dollar Weakens Ahead of Trump And Biden Debate
Gold prices stabilized on Tuesday, September 29, with the dollar retreating from its highest level in two months, as investors look to the first US presidential debate and the developments of a new bill for coronavirus aid in the United States. There was little change in the yellow metal in …
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