Gold prices surged on Tuesday, closing at a new record level due to increased demand on safe havens and a decline in US Treasury bond yields. Despite the US Dollar (USD) showing recovery signs on the back of positive economic data, the precious metal was over to continue its upward …
Read More »Gold Steady, Tensions Dominate
Gold prices are witnessing stability on Tuesday near the levels of $ 1975 an ounce, after setting a new record yesterday at $ 1984.88 an ounce, while tensions between the United States and China continue alongside the statements issued by US President Trump. The US President accused the Tik Tok …
Read More »Gold Futures Fell During The Asian Session
According to the COMEX of New York, gold futures for October traded at $ 1978.15/oz, down 0.17%. It was previously traded lower at $ 1977.05/oz. Gold may find support at $ 1941.70 and resistance at $ 1997.00. The dollar index, which measures the performance of the greenback versus a basket …
Read More »Gold Narrows Gains Due to Higher USD
Gold prices rose on Monday, with increased demand for safe havens helping the yellow metal make its way to a new record high. Gold futures for December delivery rose by 0.3% to $1,992.10 per ounce, after trading as high as $2,009.50 per ounce. A strong performance by the US Dollar, …
Read More »Gold Jumps to All-Time High
Gold prices rose to an all-time high on Monday with the demand for the metal as a safe haven boosted by concerns over the economic implications of growing Covid-19 cases, but a rise in the dollar limited the gains. The spot of gold was stable at $ 1973.75 an ounce, …
Read More »Gold Prices Register New Record High
Gold prices continued its rising rally for the ninth consecutive session and closed at yet another new all-time high. The Federal Reserve’s monetary policy statement did not provide any support for the US Dollar, which remains near its lowest level in two years. The Dollar index (DXY) is down by …
Read More »Gold Finishes at New Record High
Gold prices settled higher on Tuesday after recovering from brief losses, achieving a new record high closing level for the third consecutive session. Concerns regarding the COVID-19 pandemic, as reflected by the decline in the US consumer confidence index, have spurred demand for safe havens. Gold futures for August delivery …
Read More »Gold Settles at New Record Level
Gold prices rose on Monday to a new record high, with the US Dollar continuing to decline and demand for safe havens increasing amidst worries regarding the COVID-19 pandemic. Gold futures for August settled higher by $33.50 or 1.8% to settle at $1,931 per ounce, registering its second historic highest …
Read More »Gold Hits Record High
The price of gold has reached an all-time high, as concerns about the health of the recovery in the United States and the increasing signs of the second waves of Corona virus around the world have boosted demand for assets that no one can afford. Gold futures rose to $ …
Read More »Gold Hits Record High, Stocks Mixed
The yellow metal rose to all-time high on Monday as relations between the United States and China deteriorated, sparking demand for the safe metal while market sentiment was mixed ahead of more earnings reports. Gold rose 1.6% to a record $ 1.943 an ounce, exceeding its peak in September 2011 …
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