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 …
Read More »Gold Falls With The Rise of US Dollar, Eyes on Central Banks
Gold fell on Monday, September 7th with the dollar achieving gains, but economic uncertainty prevented it from falling further as investors awaited developments from central banks. The gold spot fell 0.1% to 1929.87 dollars an ounce by 12:28 GMT. Gold rose in US futures trading 0.1% to 1935.10 dollars an …
Read More »Gold Settles Lower with 2.1% Weekly Loss
Gold prices declined on Friday for the third consecutive day, turning to weekly losses. Gold futures for December delivery closed lower by $3.50, or 0.2%, at $1,934.30 per ounce. This is the lowest closing level for the yellow metal futures since August 27, logging a 2.1% weekly decrease. Meanwhile, silver …
Read More »Gold Rises as Stocks Decline
Gold prices rose, as US Treasury bond yields and global stocks declined, which boosted demand for the precious metal, which is considered a safe haven ahead of job data in the non-agricultural sectors in the United States, but the strong dollar puts gold on a weekly decline path. In spot …
Read More »Gold Futures Down $6.90 at Close
Gold prices closed lower on Thursday, falling to their lowest level in about a week. The yellow metal futures for December delivery settled lower by $6.90, or 0.4%, at $1,937.80 per ounce. This is the lowest closing level for gold futures since Thursday August 27. Meanwhile, silver futures for December …
Read More »Gold Settles Lower as USD Recovers
Gold prices closed Wednesday lower, amid a recovery of the US Dollar on the back of positive economic data coupled with the Euro and the British Pound simultaneous declines. Gold futures for December delivery declined by $34.20, or 1.7%, and settled at $1,944.70 per ounce. Meanwhile, silver futures finished lower …
Read More »Gold Falls With The Rise of US Dollar
Gold prices fell on Wednesday, September 2nd as the dollar rebounded after strong data for the US industrial sector supported hopes for a rapid global economic recovery, which made the yellow metal lose some of its appeals as a safe haven. Gold spot fell 0.4% to 1962.63 dollars an ounce …
Read More »Gold Futures Fell During Asian Session
According to the COMEX, gold futures for December were traded $ 1971.20 per ounce, down 0.39%. It previously traded at a session low at $ 1965.80 an ounce. Gold may find points of support at $ 1914.70 and resistance at $ 2001.20. The dollar index, which measures the performance of …
Read More »Gold Settles Marginally Higher
Gold prices closed higher on Tuesday despite giving up some of its earlier higher gains, with the US Dollar (USD) recovering from from its lowest level in nearly two years on the back of strong manufacturing activity data. Gold futures for December delivery finished marginally higher by 30 cents, or …
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