On Wednesday, gold prices held firm near the vital USD 1,800/ounce psychological level. It received support from a drop in US Treasury yields, as investors awaited minutes from the Federal Reserve’s June meeting for more clues on the Fed’s policy outlook. As of 05:00 GMT, spot gold was up 0.1 percent at USD 1,797.84 per …
After precious metals recorded their most significant weekly drop in 15 months, gold prices rose slightly on Monday. As of 11:40 am Eastern Time, spot gold rose 1.0% to US$1,783.44 per ounce, staying above the US$1,780 last seen in early May. U.S. gold futures rebounded 0.8% in New York, at $1,784.10 per ounce. Last week, …
Gold Prices Rebound Sharply After 15 Months of Decline Read More »
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, …
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 »
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