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 …
Read More »Gold Settles Higher as USD Declines
Gold prices closed higher on Monday, rising in the first session of the week as the US Dollar (USD) declined across the board against major currencies. In addition, political uncertainties and the rising number of COVID-19 cases in many countries are spurring demand for safe havens. Gold futures for December …
Read More »Gold Rises as US Dollar Weakens, Eyes on a debate between Trump and Biden
Gold prices rose on Monday, September 28, as the dollar retreated from a two-month high last week as political uncertainty increased ahead of the first presidential debate between US President Donald Trump and his Democratic rival, Joe Biden. Gold rose in the spot market 0.1% to $ 1861.13 an ounce …
Read More »Gold Futures: Further Rangebound Likely
Open interest in Gold futures markets shrunk by nearly 1.6K contracts on Friday, clinching the second drop in a row in light of preliminary figures from CME Group. Volume, in the same line, went down for the second consecutive day, now by almost 127K contracts.
Read More »Gold Futures Down 5% for the Week
Gold prices closed Friday in decline, extending its weekly losses to its worst level since last March. The yellow metal losses came amid the appreciation of the US Dollar (USD). Gold futures for December delivery decreased by $10.60, or 0.6%, and settled at $1,866.30 per ounce. For the week, the …
Read More »Gold Rising as US Dollar’s Rally Receded
Gold prices rose, as the dollar fell and hopes for more stimulus measures in the United States re-emerged, but the yellow metal is on the path to post its biggest weekly decline since August. Spot gold rose 0.3% to $ 1873.83 an ounce. But prices are down about 4% a …
Read More »Gold Rises For First Time This Week
Gold prices rose on Thursday after three consecutive declines, amid higher demand for safe havens in light of uncertainties. In addition, the US Dollar (USD) is reversing a portion of its recent gains, moving in the negative territory. Gold futures for December delivery closed higher by $8.50, or 0.5%, at …
Read More »Gold Extends Losses For The Fourth Day on Higher US Dollar
Gold fell Thursday, September 24th, to its lowest level in more than two months, on dollar’s rally, while investors were concerned about the uncertainty surrounding additional stimulus measures to support the slowing economic recovery in the United States. This fell gold in immediate transactions 0.7% to 1851.51 dollars an ounce …
Read More »Gold Falls to Lowest Level in Two Months
Gold prices declined on Wednesday, losing the $1,900 per ounce level, as the US Dollar (USD) maintained its rising trend. Gold futures for December delivery decreased by $39.20, or 2.1%, to close at $1,868.40 per ounce, its lowest closing level since July 22. The Dollar index (DXY), which measures the …
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