In just over a month, the New York gold market has gone from an alarming lack of supply to a massive surplus of physical metal. The distortions caused by Covid-19 in the activity of refineries and international transport have altered the supply chain. It created a new situation that could affect the evolution of the …
New York now suffers from an excess of physical gold Read More »
In the face of the coronavirus crisis, investors are turning to gold as a safe-haven asset. The metal is reacting to the upside, which has led it to reach its maximum price in the last seven and a half years. Given this situation, it is time to review how gold demand was distributed in 2019 …
After a month of lockdown, gold jewelry, bullion, coins, and sparkling crowns shine back from the windows of Dubai’s historic gold souk. During the decreed state of alarm in the UAE due to the coronavirus outbreak, its doors have been closed for a month. However, customers, the most crucial elements are still missing. For business …
Dubai’s gold souk shines again after coronavirus lockdown Read More »
During the coronavirus pandemic, the gold industry is producing huge gains. It is affecting many other industries around the globe. The precious metal prices have been on the rise for the past eighteen months, resuming to increase. Resources Monitor, an Australian mining expert, states that Australia will overtake China as the leading producer of the …
Australia will overhaul China as the world’s first gold producer Read More »
The precious metals has been seeing gains along with the US stock market. A weaker US dollar index has also supported precious metals market bulls. June gold futures increased by $34.10 an ounce at $1,722.60. July Comex silver prices gained $0.555 trading at $15.57 an ounce. Earlier this morning, the US Labor Department reported new …
Gold and silver surge while US stock market rally Read More »
According to Richard Hayes, the CEO of Perth Mint, the gold outlook is upside since the world is facing a possible second wave of the Coronavirus outbreak. The gradual easing of all the restrictions and reopening the businesses will undoubtedly have an impact on precious metals prices. According to The CDS and the WHO, there …
danger of second wave could push gold prices to new record Read More »
Weaker dollar overshadowed optimism, and gold prices climbed higher on Wednesday. Meanwhile, investors awaited the Federal Reserve’s decision later in the day. Spot gold climbed 0.1 % to $1,709.83 per ounce. US gold futures gained 0.2 % to $1,725.20 per ounce. Kyle Rodda, IG Markets analyst, said that there is a lot of uncertainty around …
Gold prices saw some gains in early US trading Monday. The yellow metal still has a firmly bullish technical posture. June futures for gold Crude oil prices dropped sharply. Gold prices may have seen some additional haven buying interest. Precious metals have become the focus of attention for traders and researchers recently. Bank of America …
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