Gold futures closed positively on Thursday (April 18) as tensions in the Middle East bolstered buying of gold as a safe-haven asset. Gold futures surged by $9.60, marking a 0.40% increase, to settle at $2,398.00 per ounce. Conversely, silver futures experienced a slight dip of 2 cents, or 0.07%, concluding at $28.38 an ounce. Platinum […]
Gold futures dipped on Wednesday (April 17) as concerns emerged among investors regarding the Federal Reserve’s potential postponement of interest rate cuts this year. Closing at $2,388.40 per ounce, gold futures witnessed a decline of $19.40, marking a decrease of 0.81%. Conversely, silver futures edged up by 2.40 cents, or 0.08%, reaching $28.40 per ounce.
Gold Slides $19.40 Amid Fears of Delayed Fed Interest Rate Cuts Read More »
Gold futures witnessed a notable surge on Tuesday (April 16), bolstered by a wave of investor interest in gold as a safe-haven asset, amidst escalating tensions in the Middle East. Gold futures climbed by $24.80, marking a substantial 1.04% increase, to reach $2,407.80 per ounce. Conversely, silver experienced a dip, falling by 34.1 cents, equivalent
Gold Prices Surge to $2,407.80 Amidst Heightened Demand for Safe Assets Read More »
In a flurry of market activity on Friday, April 12, gold futures surged, reaching a peak above $2,400 per ounce, marking all-time highs for the precious metal. The escalation of tensions in the Middle East prompted a wave of buying pressure among investors, seeking refuge in gold as a safe-haven asset amidst geopolitical uncertainty. Closing
Spot gold prices surged to unprecedented levels today (April 12), propelled by escalating tensions in the Middle East and heightened demand for safe-haven assets amidst geopolitical uncertainties. In early Asian trading, spot gold soared by as much as 1% to reach $2,395.48 per ounce, setting new record highs. Reports from the Wall Street Journal indicate
Gold Prices Soar to New Highs Amid Heightened Geopolitical Tensions Read More »
Gold futures rallied on Thursday, April 11th, buoyed by robust buying activity amidst growing expectations of a potential interest rate cut by the Federal Reserve (Fed). The optimism was fueled by the release of lower-than-anticipated Producer Price Index (PPI) figures by the United States, signaling a potentially dovish stance by the Fed in the coming
Gold Prices Surge to $2,372.70 on Optimism Over Potential Fed Interest Rate Cut Read More »
Gold futures retreated on Wednesday, April 10, as the US Consumer Price Index (CPI) revealed higher-than-expected inflation figures, fueling concerns among investors that the Federal Reserve (Fed) may opt to maintain higher interest rates for a prolonged period. Gold futures saw a decline of $14, or 0.59%, settling at $2,348.40 per ounce, while silver futures
Gold Prices Slide $14 as CPI Surges, Dimming Hopes for Fed Rate Cuts Read More »
Gold contracts concluded on a positive note on Tuesday (April 9) as investors persisted in actively purchasing gold amidst ongoing geopolitical uncertainties. Meanwhile, market participants are closely monitoring the imminent release of the Consumer Price Index (CPI) and the minutes from the Federal Reserve meeting for insights into the Fed’s potential interest rate adjustments. Gold
Gold futures closed positively on Monday (April 8), maintaining record highs fueled by news of central banks increasing their gold reserves. Amid geopolitical tensions, the precious metal saw an uptick, with futures climbing $5.60, or +0.24%, to reach $2,351.00 per ounce. Silver futures also saw gains, rising by 1.11% to settle at $27.807 an ounce,
Gold Rises $5.60 Amid Central Bank Buying Spree Read More »
Gold futures soared to a new record high on Friday (April 5) as escalating tensions in the Middle East prompted strong buying of gold contracts, sought after as a safe-haven asset amidst geopolitical uncertainties. The surge comes following Iran’s confirmation of its retaliation against Israel’s recent attack on the Iranian embassy in Syria. Gold futures
Gold Prices Surge to $2,345.40 as Middle East Tensions Spur Safe-Haven Buying Read More »