The trading space has become a puzzle for investors, especially since the Covid 19 pandemic swept the world. The invisible enemy has touched everyone, and every sphere has noticed its traces. However, given that a vaccine against the virus already exists, we have reason to hope. Gold increased in Asia on Wednesday. For investors, this …
In trading, sector changes can happen in minutes. There is no word like ‘’permanent’’ there. Everything is evolving and developing. For example, statistics checked a few minutes ago may no longer be valid. According to the updated information, the price of gold increased by 0.12%. However, due to the strengthening of the dollar, the achievements …
The Major Influence of Dollar on Gold Price: What to expect? Read More »
On Thursday, commodities prices were mixed. The cost of gold fell while the rest of the non-agricultural goods rose. Base metals held solid due to supply concerns, while crude oil increased due to geopolitical tensions. On Friday, spot gold prices at the COMEX were near $1,799 per ounce, while spot silver prices at the COMEX …
Gold has slightly changed in Asia on Thursday morning. Investors digested remarks from a top U.S. Federal Reserve member indicating that the central bank may begin asset cutting sooner than expected. Gold futures were trading at $1,813.60. Gold gained more than 1% in the previous session after the United States issued economic data showing that …
Gold fell in Asia on Tuesday morning. Investors awaited the latest U.S. jobs report to forecast the Federal Reserve’s next policy move. Gold futures fell 0.49 per cent to $1,813.35 per ounce but remained over the $1,800 level. Investors somewhat reassure by Fed Chairman Jerome Powell’s statement that interest rate hikes were a long way …
Gold rose to its highest level in almost a week in Asia on Thursday morning. In its most recent policy decision, the Federal Reserve of the United States did not specify a date for its tapering intentions but did state that it was way away from considering interest rate hikes. Gold futures were up 0.81 …
On Monday morning, gold was higher in Asia. The US dollar is holding steady, and investors anticipate the Federal Open Market Committee’s (FOMC) policy announcement later this week. By 12:52 a.m. ET (4:52 a.m. GMT), gold futures had risen 0.28 per cent to $1,806.90 per ounce, barely above the psychological level of $1,800 per ounce. …
Concerns over recent COVID-19 outbreaks involving the Delta form in numerous nations boosted the safe-haven yellow gold on Tuesday morning in Asia. Gold prices recovered from Monday’s early losses in the evening session. According to HDFC Securities’ Senior Analyst (Commodities), Tapan Patel, falling U.S. Treasury yields and mounting viral cases have bolstered gold demand. Gold …
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