The Magazine for Asian Investors
Gold futures closed lower on Tuesday (Aug. 16) as rising U.S. Treasury yields pressured the market. Investors are watching the minutes of the U.S. Federal Reserve (Fed) meeting on Wednesday for clues on the Fed’s interest rate direction. The gold…
Crude oil futures ended Tuesday’s (Aug. 15) trading session down more than 3 percent as investors worried about a global recession following the release of weak economic data from the U.S. and China. Oil prices were also pressured by the…
The balance of the first half of the Central Bank of Venezuela, states that the gold reserves of the Central Bank of Venezuela have decreased by 6 tons in June 2022. The report said that the central bank’s gold reserves…
Gold futures closed lower on Monday (Aug. 15) as a strong dollar pressured the market. Investors were also cautious ahead of this Wednesday’s release of the Federal Reserve’s July meeting minutes Gold fell $17.4, or 0.96%, at $1,798.1 an ounce.…
Gold futures closed higher on Friday (Aug. 12), rising for the fourth straight week on a decline in U.S. Treasury bond yields. This reduces the opportunity cost of owning gold, as gold is an asset that does not earn interest.…
Gold futures closed lower on Thursday (Aug. 11) and were under pressure after several Federal Reserve officials remained supportive of a rate hike despite signs of slowing inflation. Investors focused their attention on the rising U.S. stock market instead of…
Gold futures closed higher on Wednesday (Aug. 10) after the U.S. released lower-than-expected inflation figures. This helped to reduce investors’ concerns about a high interest rate hike by the Federal Reserve (Fed). The gold contract was up $1.4, or 0.08%,…
Gold futures rose Tuesday (Aug. 9), supported by a weaker dollar, as investors awaited U.S. inflation figures released today. Gold futures were up $7.10, or 0.4%, at $1,812.30 per ounce. This is the highest closing level since June 29. Silver…
Gold futures closed above $1,800 on Monday (Aug. 8), helped by the dollar’s depreciation and easing U.S. Treasuries while investors look ahead to Wednesday’s release of U.S. inflation figures. The gold futures were up $14, or 0.78%, at $1,805.2 per…
The China Gold Association (CGA) reported that China’s gold production in the first half of 2022 increased by 12.4% year-on-year to 230.3 tons. According to the report, gold products produced from domestic raw materials amounted to 174.7 tons in the…
