On Thursday, gold gained more than 1% as the dollar and Treasury rates fell, enhancing the safe-haven appeal of metal in the aftermath of weak U.S. job figures. Spot gold rose by 1.4% to $1,840.97 an ounce, while U.S. gold futures rose by 1.4% to $1,841.2 an ounce.
Written by: Winona Grant
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On Thursday, gold gained more than 1% as the dollar and Treasury rates fell, enhancing the safe-haven appeal of metal in the aftermath of weak U.S. job figures. Spot gold rose by 1.4% to $1,840.97 an ounce, while U.S. gold futures rose by 1.4% to $1,841.2 an ounce.
Written by: Winona Grant
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On Monday, gold fell to a new multi-month low of about $1,787/oz, and the climb higher is anticipated to be challenging. Data from New York’s Empire State Manufacturing (-11.6 against f/c 17) and somewhat lower US Treasury rates helped strengthen gold prices yesterday.
Written by: Winona Grant
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Gold’s price has been bouncing back and forth between levels of support and resistance on a regular basis. XAU/USD has fallen from a high of $1,844.69 to a low of $1,837.73 in the last few days. As of the previous session’s finish, the yellow metal had reached a one-week high.
Written by: Winona Grant
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Gold prices continued to rise after plunging to 3.5-month lows last week. Even though the dollar had reached a two-decade high, it has since weakened … Read more
Written by: Winona Grant
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On Wednesday, the August Comex gold futures contract’s direction will likely be determined by trader reaction to the pivot at $1816.50.
Written by: Winona Grant
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Gold prices stayed constant despite a decline in yields. Fed likely to have two 50-basis point raises. The risk-off mood weighed on Treasury yields.
Written by: Winona Grant
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