Tag Archives: Gold

Embattled Swiss lender Credit Suisse Group AG said on early-Thursday that it will exercise an option to borrow up to 50 billion Swiss francs ($53.68 billion) from the Swiss National Bank under two loan facilities to shore up liquidity conditions. The bank said the option will include a covered loan facility, as …

Bitcoin’s price movement and stock market performance have diverged as a result of the banking collapse and the turbulent events of the past week. Experts noted the split in Bitcoin and evaluated whether the asset would begin trading as a flight from danger.Before correcting to the $25,100 mark, the price …

Gold prices fell on Wednesday as the dollar and US bond yields rose as investors assessed the path of US interest rates after a consumer price report showed that inflation remains high. Gold fell in the spot market 0.1 percent to $ 1901.24 an ounce by 0052 GMT, after falling …

Positive movements dominated gold prices, but within a narrow path, recording its highest price at $1914 per ounce, trying to benefit from stability above 1895. Technically, and with a closer look at the 240-minute chart, we find that the price is stable above the 50-day simple moving average, and the …

Despite trading at 1909.07 at the time of writing, the precious metal jumped to the highest in over a month. Economists see the yellow metal trading above $1,925 in the latter months of this year. Ironically, higher rates now are good for gold later on as they would drive rates …

The SVB collapse drove US stock markets to monthly lows. The Nasdaq managed to recover and gained 0.45%, while the Dow Jones lost 0.28% and the S&P 500 fell by 0.15%. The VIX rose 6% after pulling back during the second half of the US trading session. Crude Oil prices …

Gold prices jumped on the shoulders of the US dollar after the US jobs data last Friday, close to achieving $1900 per ounce, recording its highest level of 1894. Today, gold prices consolidated above the support level of 1860, accompanied by the positive impulse from the simple moving averages supporting …

Last week, as China seeks to intensify its efforts to reduce stubborn financial risks and technological bottlenecks during President Xi Jinping’s third term, the country kept the top leaders at the central bank and the Ministry of Finance unchanged.In the United States, a government study on Friday renewed hopes of …

Gold prices rose on Friday as investors awaited the US non-farm payrolls data, which is expected to be released on Friday, to assess the possible path of interest rate hikes by the Federal Reserve (US central bank). By 0716 GMT, spot gold rose 0.1% to $1832.24 an ounce, and US …

Both Friday’s Nonfarm Payrolls report and next week’s the US Consumer Price Index are in the focus of exceptional attention for traders and investors. Gold price is up about 0.9% from a low of $1,812.02, and it has since risen strongly to challenge $1,835.64 as the US dollar lost additional …