Business News Asia
Gold futures closed lower on Monday (Nov. 28) under pressure from a strong dollar. Whereas investors are watching the statements of the Chairman of the Federal Reserve (Fed) for signs of the direction of the U.S. economy and inflation. The…
Vice President Mahamudu Bawumia has stated on Facebook that the Ghanaian government is planning steps to buy oil with gold. As a result, energy prices will no longer depend on the exchange rate of the local currency, the cedi, and…
Gold futures closed higher on Friday (Nov. 25), supported by the release of minutes from the US Federal Reserve (Fed) meeting that signaled that The Fed is likely to slow down the rate of interest rate hikes. Market trading volume…
Gold futures closed higher on Wednesday (Nov. 23) as investors awaited the release of the Federal Reserve’s November meeting minutes. According to the Labor Department, initial jobless claims rose 17,000 last week to a seasonally adjusted 240,000, above analysts’ expectations…
Gold futures closed slightly higher on Tuesday (Nov. 22), supported by a weak dollar and a drop in Treasury yields. Investors are waiting for the U.S. Federal Reserve (Fed) meeting minutes for clues on the direction of interest rates. The…
Gold futures closed lower on Monday (Nov. 21) as the strong dollar weighed on the market. Investors are paying attention to the minutes of the November meeting of the Federal Reserve, which will be released on Wednesday. Gold futures were…
Gold futures closed lower Friday (Nov. 18) under pressure from a stronger U.S. dollar and rising U.S. Treasury bond yields. St. Louis Fed President James Bullard said Thursday he favors raising interest rates as high as 7% to curb inflation.…
Gold futures slipped Thursday (Nov. 17) as a strong dollar and rising U.S. Treasury yields weighed on gold prices. The dollar index against a basket of six major currencies rose 0.39% to 106.6930, while the yield on U.S. 10-year Treasury…
Gold futures closed lower on Wednesday (Nov. 16) as investors took profits after gold prices rose to a three-month high during the day. Initially, gold futures rose to $1,788.20, the highest since Aug. 17, as investors bought gold as a…
Gold futures closed lower on Tuesday (Nov. 15) as investors took profits after gold futures rose for three straight trading days. Investors took profits after the gold contract rose for three straight days. However, the gold contract declined only slightly…
