Gold prices rose on Monday, September 14th, boosted by the dollar’s weakness, while investors are looking to the US Federal Reserve meeting this week to get indications regarding stimulus measures and inflation target. The gold spot rose 0.2% to 1944.69 dollars an ounce by 06:47 GMT. And gold in US …
Read More »Gold Finishes Lower but Adds 0.7% for the Week
Gold prices declined on Friday, limiting its weekly gains, amid recent fluctuations by the US Dollar (USD). Gold futures for December delivery closed lower by $16.40, or 0.8%, at $1,947.90 per ounce, adding 0.7% for the week. Meanwhile, silver December futures decreased by 43 cents, or 1.6%, and finished at …
Read More »Gold Closes Higher as USD Declines
Gold prices declined as the US dollar rebounded, but the precious metal is on its way to achieving a weekly gain, supported by fears about the global economy recovering from a decline caused by the Corona virus. Before the Tokyo Stock Exchange closed, gold in spot transactions fell 0.8% to …
Read More »Gold Closes Higher as USD Declines
Gold prices rose on Thursday for the third consecutive session as the US Dollar (USD) continued to decline amid the appreciation of the Euro after the European Central Bank maintained interest rates unchanged. Gold futures for December delivery increased by $9.40, or 0.5%, and settled at $1,964.30 per ounce. Meanwhile, …
Read More »Gold on Its Way to Maintain Week-High And Beyond
The precious metal returned to the positive steps found a strong support floor around our target, which it reached during this week’s trading at 1909 and pushed it to rebound higher. On the technical side, the current moves are witnessing stability above the 1934 resistance at 50.0% Fib retracement with …
Read More »Gold Maintains Gains as USD Weakens
Gold prices rose on Wednesday for the second consecutive day supported today by a decline in the US Dollar (USD) amid a rebound by the Euro ahead of the European Central Bank’s (ECB) upcoming meeting. Gold futures for December delivery increased by $11.70, or 0.6%, and settled at $1,954.90 per …
Read More »Gold Falling, Dollar Rise And Eyes on Banks
Gold prices fell on Wednesday, September 9th, as the dollar’s rally overshadowed the support caused by the decline in global stocks, while investors awaited monetary policy strategies from central banks this week. Spot gold fell 0.3% to 1925.97 dollars an ounce by 06:16 GMT. And gold in US futures fell …
Read More »Gold Prices Reverse Earlier Losses to Settle Higher
Gold prices rose on Tuesday, recovering from earlier losses to close at its highest level in about a week. The rise in the yellow metal prices came amid the decline in stock markets. Gold futures for December delivery increased by 0.31% or $8.90 and closed at $1,943.20 per ounce. Earlier …
Read More »Gold Retreating Due to Strength of Dollar, Eyes on Central Banks
Gold fell on Tuesday, September 8th, due to the rise of the dollar, but the losses were limited by doubts about economic recovery, while investors awaited the strategies of central banks’ policies in North America and Europe. Gold spot fell 0.2% to 1925.38 dollars an ounce by 05:10 GMT. And …
Read More »Dubai TV Interview, September 7, 2020
The main remarks by Mohamed Hashad, Director of Research and Development at Noor Capital, to Dubai TV on Monday, September 7, 2020. Wall Street Recent remarks by the Federal Reserve at the Jackson Hall annual conference and the review of its policy, allowing inflation to go above the long-term target …
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