30 C
Lagos, South Africa and New York
Monday, September 21, 2020

Gold Prices – Weekly Outlook: June 4 – 8

Gold traders will keep their focus on more trade-related headlines in the coming week, as President Donald Trump prepares to meet world leaders at the G7 summit in Canada. Fresh geopolitical developments surrounding President Trump's planned meeting with North Korean leader Kim Jong Un slated...

Gold steady in slow trading, muted dollar supports

Eileen Soreng BENGALURU (Reuters) - Gold prices were steady on Tuesday, after moving in a tight range in holiday-thinned trading, holding above the 1,220 level as the dollar was pressured by weak U.S. economic data and a clouded interest rate outlook. Spot gold was little changed...

Gold edges up as U.S. dollar trades below 1-year highs

BENGALURU - Gold prices edged up in volatile trade on Friday, after hitting a one-year low in the previous session, as the U.S. dollar eased from its highest in a year. Spot gold was trading at $1,224.55 an ounce at 0811 GMT. In...

Gold hits over six-month low as dollar strengthens

BENGALURU - Gold prices hit their lowest in more than six months on Thursday as the greenback held near one-year highs amid mounting U.S.-China trade friction. Spot gold was down 0.2 percent at $1,249.71 an ounce, as of 0752 GMT. Earlier in the...

Gold treads lower on improved risk appetite; palladium at record high

BENGALURU (Reuters) - Gold prices edged lower on Wednesday as a likely end to a long-drawn Sino-U.S. trade war boosted risk sentiment, outweighing expectations of a pause in interest rate increases by the Federal Reserve. Gold bars are displayed at a gold jewelry shop...

Gold prices hit two-week high on short covering, weaker dollar

BENGALURU - Gold prices hit a near two-week high on Monday as investors covered their short positions and the dollar slipped to its weakest since mid-June, while lingering U.S.-Sino trade tensions also supported the bullion. Spot gold was up 0.5 percent at $1,260.41...

Gold price surges $1,800, other metals gains as investors eye swift economic recovery

Gold rallied past the technical $1,800 threshold on Wednesday, scaling its highest since September 2011, as investors bolted for safety from the novel coronavirus and central banks implemented powerful stimulus packages to cushion its economic impact. Spot gold jumped 1% to $1,811.55 per ounce. U.S....

As Global Dollar-Induced Economy wanes, experts point to Gold as safe alternative for investors

As the global economy recession worsen due to the dependence on the green back currency that’s been unable to contain the effects on the Covid-19 pandemic. Experts are beginning to point investors to see Gold as alternative investment to the US Dollar. Some are openly asking,...

Gold hits 1-month peak as rising virus fears boost demand

Gold jumped to its highest in more than a month on Monday as investors sought the safe-haven metal after surging coronavirus cases intensified concerns over a delay in global economic recovery. SPDR Gold Trust holdings rose 2% on Friday Specs raise gold bullish positions in week...

Gold plunges posts first weekly loss since early June

Gold futures ended lower Friday, pulling back after two straight days of gains, with prices registering their first weekly loss in 10 weeks on the back of recent strength in U.S. Treasury yields. The week began with gold trading in record territory, but will end...
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