The price of gold fell -0.37% a day ago. It then rose slightly, as the weakening of Treasury bond yields and the inflation of the U.S. dollar boosted its attractiveness. As of 1:50 pm, spot gold fell 0.4% to US$1,892.89 per ounce. E.T. has risen by 1.5% in the past two days. U.S. gold futures fell 0.2% …
USD Inflation and Weaker Treasury Bond Boosts Gold Again Read More »
As inflationary pressures continue to increase, gold prices remained firm on Monday. However, gold prices should achieve their most significant monthly increase since July 2020. As of 11:45 am Eastern Time, spot gold fell 0.2% to US$1,904.41 per ounce but still rose 7.7% this month. U.S. gold futures rose slightly by 0.1% to 1,908.20 US …
Inflation Is Pushing the Gold Price up To Its Highest Read More »
Commodity prices rose and fell mixed on Thursday, continuing the trend of the previous trading day. On Thursday, as the recovery of the U.S. dollar ended in red, the price of gold fell to daily gains. Base metals rebounded strongly. Demand growth was optimistic, and Chilean supply worries. Due to the bullish weekly inventory data, …
One of the world’s largest gold producers, Barrick Gold Corporation, reached higher earnings in the 1Q earnings than last year. It is mainly because rising gold and copper prices drive revenue growth. The Toronto-based gold miner said it expects earnings to achieve its annual forecast. Barrick Gold Corp on Wednesday reported a 78% increase in …
Raised Copper and Gold Prices Lift Barrick Gold 1Q Profit Read More »
The price of gold fell by 1.57% in a week to close at 46,785 rupees per 10 grams. The sharp appreciation of the rupees pressures the gold price. After releasing optimistic data on personal income, spending, and manufacturing in the U.S., the rebound in the U.S. dollar index put pressure on precious metals. On MCX, …
Surging US Treasury yields weighed on gold. The precious metal dropped by 0.3% to $1,738.12 per ounce on Monday. Gold futures decreased by 0.4% to $1,737.70 per ounce. In the first quarter of 2021, gold has suffered the most significant price drop since 2016. It is one of the few commodities trading below the numbers …
Gold has suffered the biggest quarterly decline in four years Read More »
Since August of 2020, the price of gold has been declining until it stabilized around $1,730-1,740 an ounce, which is the level it currently holds. However, analysts are optimistic about the prospects for gold. Factors that now work against it, such as bond yields, could very soon turn in its favor. Investors have taken note …
Gold prices rose to their highest level in more than a week on Tuesday. Weaker dollar and a drop in US bond yields supported this rise. A strong appetite for risky assets limited gains of metal. Spot gold was up 0.2% at $1,732.53 an ounce after hitting its highest level since March 25 at $1,738.32. …
Gold Rises, Although Risk Appetite Limits Progress Read More »
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