Gold regained its luster on Wednesday after a bad day on Tuesday and is currently recovering the 1,700 level against the dollar. The reason is the approval of the expansion of the PPP in the Senate. The speculation that a new wave of dollars will flood the market means more money that investors will use …
Gold Retrieves $1,700 for Optimism; New Avalanche of Dollar Read More »
On Tuesday, gold operated at highs since November 2012 at $1,730. Investors are concerned about the impact of Coronavirus on the world economy and metal production at individual mines worldwide. It drove gold prices higher. Besides, measures launched by central banks are flooding the money market to fight the liquidity crisis. They are causing the …
Concerns of gold production drove it to a high since 2012 Read More »
Gold counts fourth consecutive meeting gain as dollar droops, and corporate income gets going. Gold futures counted a fourth consecutive session climb Tuesday, picking up support from concerns on worldwide economy shortcomings, just as in corporate quarterly outcomes, due to the cessation of business activity planned to stem the spread of COVID-19. Also, some shortcomings …
Gold shines bright on Tuesday, while platinum climbs 9% Read More »
Gold and silver just achieved its highest ratio as the yellow metal slid more than 1% to its lowest price in a week. Recent price rallies motivated investors to take profits, but the metal is still on track to trade higher for the third consecutive month amid coronavirus worries. Spot gold went down 1% to …
The weekend brought soaring spikes for gold as the number of confirmed COVID-19 cases infects region outside of its core, China. The metal began this week with an initial surge to around $1660 per ounce through the Asian session as stocks continued to tumble. While the World Health Organization doesn’t want to label the crisis …
Gold prices fell by 0.60 dollars by 0.04% on Monday, closing at $1,580.8 in London. Futures in the United States also inched down by 0.08% to $1,581.4 per ounce from lower trading volumes than usual in celebration of an American holiday. The safe haven commodity traded a two-week high on Friday at around $1,584.65, which …
Gold Falls Despite Coronavirus Fears, but Projected to Lift Read More »
Gold prices slid steeply on Tuesday and retraced some positive gains in January. Risk appetite recovered after the Chinese central bank said it would support the economy because of the damage the coronavirus is doing to the economy. Gold futures for delivery in April on New York’s COMEX declined 1.4% to $1,560.95. Spot gold was …
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