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

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....

Africa’s Biggest Fund Manager Sees Gold Boom in West Africa

(Bloomberg) -- Africa’s largest money manager sees “significant investment opportunities” in West African gold mining as the industry at the southern end of the continent declines. Investor-friendly policies can help Ghana and other countries in the region drive the next “gold-mining boom,” said Lebohang Sekhokoane,...

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 continues to struggle below $1,300

Gold futures declined modestly Tuesday, at risk of finishing below $1,300 an ounce for a third straight day as a tech-led run for stocks and a stable dollar cut into investment interest in the precious metal. The precious metal was down 0.19 percent to...

Gold steady as dollar softens, investors eye Fed meeting

Spot gold was flat at $1,956.17 per ounce by 0024 GMT after gaining 1% on Monday. U.S. gold futures ticked up 0.1% at $1,966.40. The dollar index was little changed after posting its worst day in more than two weeks in the last session. A weaker greenback...

Gold rebounds after stock market rout lifts safe-haven demand

Gold prices rebounded from a near two-week low hit earlier on Tuesday, after a sell-off in stock markets prompted investors to seek refuge in the safe haven metal. Spot gold rose 0.4% to $1,936.87 per ounce after falling as much as 1.2% to $1,906.24. 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 retreats from near eight-year peak as dollar rebounds

Gold dipped on Tuesday as investors booked profits after bullion rallied to a near eight-year peak and as demand for dollars rose amid a new surge in COVID-19 cases. Spot gold slipped 0.3% to $1,777.72 per ounce after earlier touching a high of $1,786.91, just...

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 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...
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