Tag Archives: Gold

A lower US dollar and predictions of falling interest rates have helped to support the price of gold. The US Dollar index was down 0.4% at 102.20, making gold prices denominated in dollars more appealing. On Thursday, XAU/USD fluctuated between a low of $1,955 and a high of $1,984.36 before …

Gold prices reversed course and rose on Thursday after a slight decline in the dollar helped dampen risk appetite fueled by waning concerns about the global banking system. By 0738 GMT, spot gold rose 0.3 percent to $1,968.89 an ounce. US gold futures settled at $1984.70. The dollar index fell …

Gold prices fell on Thursday as calming concerns about the global banking system increased risk appetite and curbed some attempts to buy the safe-haven metal. By 0346 GMT, spot gold fell 0.2 percent to $1,960.52 an ounce, down for a second session. US gold futures fell 0.4 percent to $1,977.00. …

At the time of writing, the price of gold is $1964.27 per ounce, up +0.77 cents and +0.04% from Tuesday’s closing price. For the first time since Russia’s invasion of Ukraine, the price of the precious metal has now surpassed $2,000 per ounce. Gold prices have reached $2,000 per ounce …

Gold prices fell on Wednesday as appetite for riskier assets increased following easing fears of a widening global banking crisis. Spot gold fell 0.6% to $1,961.80 an ounce by 0749 GMT, after rising 1% on Tuesday. US gold futures fell 0.5 percent to $1,963.10. However, he added that some investors …

Despite Wall Street’s losses on Tuesday, markets remained calm. When emphasis shifts to inflation statistics, banking concerns abate. Even though US rates increased, the US Dollar remained weak and dropped for the second straight day. Australia’s inflation data will be crucial on Wednesday before the next RBA meeting. The US …

Gold price was higher on Tuesday following two sessions of declines with support from a weaker US Dollar even as bond yields climbed.  Wall Street’s major indexes lost ground as investors grew concerned again that the Federal Reserve would keep interest rates higher for longer as fears of further banking …

In an effort to break a two-day downturn, the price of gold is slightly bid lately. Treasury bond rates rise as a result of easing bank problems, but not all bond bears are siding with XAU/USD bulls. The hesitation of Federal Reserve policymakers to support rate increases boosts the risk-on …

Gold prices fell on Monday after the rise in stocks undermined the yellow metal’s attractiveness as a safe haven, while investors were assessing the steps taken by the authorities to allay fears of a crisis in the global banking system. Spot gold fell 1.4 percent to $1,949.99 an ounce by …

Gold prices collided with the psychological resistance level of $2000, which forced gold to trade within a bearish slope that aimed to retest the key to protect the bullish trend of 1960 from ending its weekly trading above the mentioned level. Technically, the overall bullish direction is still the most …