Gold prices rose on Friday, narrowing its weekly losses for the second week in a row. This comes amid the US Dollar recovering some of its recent losses after falling to its lowest level in two years. Gold futures marginally rose by 50 cents, or about 0.1%, and finished at …
Read More »Gold Futures: Further Upside Likely
CME Group’s advanced figures for Gold futures markets noted traders increased their open interest for the second session in a row, this time by just 418 contracts. Volume, on the other hand, reversed three consecutive daily builds and went down by around 64.2K contracts.
Read More »Gold Falls Below $1,950 an Ounce
Gold prices declined on Thursday, after the most recent meeting minutes by the United States Federal Reserve hinted at potentially further easing in monetary policy. The yellow metal’s decline comes despite the Dollar index (DXY) returning to the downward trend, on the back of an increase in jobless claims in …
Read More »Gold Recovering With Renewed Fears of a Slowdown in recovery
Gold rose on Thursday, August 20, offsetting some of the losses caused by a wave of selling in the previous session, after the US Federal Reserve raised fears that the recovery from the economic downturn resulting from the outbreak of the Coronavirus is facing a blue future, which has cast …
Read More »Gold Settles Lower as USD Strengthens
Gold prices declined on Wednesday and settled lower after two consecutive rises due to the US Dollar recovering from some of its recent losses against major currencies, supported by the release of the Federal Reserve latest meeting minutes. Gold futures for December delivery closed lower by $42.80, or 2.1%, at …
Read More »Gold Down Below $ 2000
Gold fell below $ 2000 dollars an ounce on Wednesday, August 19th, while the dollar rose as investors awaited the minutes of the latest Fed meeting. Spot of gold fell 0.4% to 1993.34 dollars an ounce by 05:05 GMT after hitting the highest level in a week at 2014.97 dollars …
Read More »Gold Futures Declined During Asian Session
According to the COMEX, gold futures were traded in December at $ 2001.50 per ounce, up 0.58%. It previously traded at a session low $ 1999.95 an ounce. Gold may find points of support at $ 1923.00 and resistance at $ 2024.60. The dollar index, which measures the performance of …
Read More »Gold Prices Restore $2,000 per Ounce Level
Gold prices closed higher on Tuesday, maintaining its rising trend amid a decline by the U.S. Dollar. Gold futures for December delivery settled higher by $14.40 or 0.7% at $2,012.10 per ounce, restoring the $2,000 level. This comes after the yellow metal opened the week with its best daily gains …
Read More »Gold jumps 1% Surpassing $ 2,000
Gold prices rose 1% to surpass the $ 2,000 mark on Tuesday, August 18, in light of the decline of the US currency to its lowest level in more than two years, and dealers ’focus on the minutes of the latest meeting of the US Federal Reserve scheduled for release …
Read More »Gold Futures: Room For Extra Upside
Traders increased their open interest positions in Gold futures markets by almost 3.5K contracts at the beginning of the week, according to flash data from CME Group. Volume, in the same line, reversed three consecutive pullbacks and went up by around 57.4K contracts. Gold now targets the 2020 topsPrices of …
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