The spot gold price dropped in the trading session on Tuesday, falling 1.6% to the edge of $1.685 per ounce. The yellow metal’s prices were depressed by the US dollar strength and rising long-term interest rates. In the first three months of 2021, gold lost more than 10%. It is the first quarter with a …
Gold Down Pointing to A Quarterly Decline of More than 10% Read More »
The price of gold has once again exceeded 1,750 dollars an ounce, its highest in the last two weeks. It resulted from Jerome Powell’s speech and the monetary policy measures adopted by the Federal Reserve. The central bank chairman has confirmed that, for the moment, there will be no increases in interest rates. The Fed …
Gold, at Two-Week Highs After the Fed Chairman’s Speech Read More »
In Wednesday’s trade, Gold and Silver futures dropped up to 0.7%. Gold futures for April delivery decreased by 0.25%. Silver futures for May delivery was down by 0.70%. Spot gold increased by 0.1% and was trading at $1,716.51 per ounce. On Monday, the yellow metal hit its lowest since June 5 and dropped to $1,676.10. …
The gold market in Dubai, better known as the Gold Souk, is not only Dubai’s but the world’s most famous market for buying gold. It is absolutely stunning and has an ancient feel to it. Moreover, it’s an excellent place for tourists who aren’t even there for gold, to begin with. Like the cave Aladdin …
The Famous Gold Market and Everything You Can Find There Read More »
A week ago, the dollar drop caused gold and oil prices have reached inflection points. Jerome Powell, Federal Reserve chairman, is expected to make a speech. Besides, the Labor Department will release US jobs numbers for February. For oil prices, the meeting of OPEC and its allies this month is critical. As for gold, Powell’s speech hosted …
The gold price movement to be determined after Powell’s speech Read More »
Commodities continued the positive trade from the previous session on Monday. Copper has been the highlight of the day. The metal’s prices hit the highest in more than nine years. Let’s have a look at the primary commodities and how they are behaving in today’s market. Crude oil is trading around $60 a barrel WTI …
Commodities started the day positively on Monday Read More »
After the biggest annual gain in a decade, gold entered 2021 with high expectations. However, the precious metal has seen the worst start in 30 years. Bullion for immediate delivery kept declining on Friday. Meanwhile, futures touched a seven-month low. Spot gold fell 0.4% to $1,768.53 an ounce at 8:37 am in Singapore and is …
Shocking reversal of Gold from commodity leader to a laggard Read More »
Oil prices erased their initial gains on Thursday after Brent hit a new 13-month high. Fears that a rare, extreme cold in Texas could disrupt US crude production for days or even weeks caused this. Brent oil was trading 0.3% higher at $64.55 a barrel after rising earlier in the day to $65.52 a barrel, …
Brent oil cuts profits after exceeding $65 while gold recovers Read More »
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