On Tuesday (March 28), gold futures closed 1.01% higher at $1,973.50/ounce, with silver futures up 1.19% to close at $23.42/ounce and palladium futures up 0.8% to settle at $1,414.70/ounce. Platinum futures, however, were down 1.08% at $971.90/ounce. Gold futures benefited from a weak dollar, with the greenback down 0.41% to 102.4281 overnight, making gold contracts …
Gold futures closed lower on Monday (March 27), with the market under pressure from rising US Treasury yields. The selling of gold was also fueled by easing concerns about the crisis in the banking sector. Gold futures fell $30, or 1.51%, to close at $1,953.80 per ounce. Meanwhile, silver futures were down 19.40 cents, or …
Gold Prices Slide as Bond Yields Rise, Investors Sell Safe-Haven Asset Read More »
On Friday (March 24), gold futures closed lower after failing to hold above the key $2,000 an ounce level, with the appreciation of the dollar weighing down the price of gold. However, gold futures closed up for the fourth week in a row as investors bought gold as a safe-haven asset amid concerns about a …
Gold Ends $12.10 Lower as Markets Monitor Bank Crisis Read More »
On Thursday (March 23), gold futures closed at their highest level in over a year, boosted by the Federal Reserve’s signal that it is nearing the end of its cycle of raising interest rates. Gold futures rose by $46.30, or 2.37%, to close at $1,995.90/ounce, the highest closing level since March 10, 2022. Meanwhile, silver …
Gold Closes Higher at $1,995.90 as Fed Signals Close to Halting Interest Rates Read More »
On Wednesday, March 22, gold futures closed higher before investors knew the outcome of the Federal Reserve’s (Fed) monetary policy meeting. The New York gold market closed trading before the Federal Reserve’s decision to announce its meeting. Shortly after the gold market closed, the Fed Board announced that it had voted to raise the short-term …
Gold Closes $8.50 Higher Ahead of Federal Reserve Meeting Outcome Read More »
On Tuesday, March 21, gold futures closed more than 2% lower as investors took profits after the price of gold soared to an 11-month high on Monday. The fall came as investors waited for the outcome of the Federal Reserve meeting (Fed) that was held on Wednesday, March 22, US time. According to data, gold …
Gold Closes $41.70 Lower as Investors Take Profits After Price Surge Read More »
Gold futures closed higher for the second consecutive day on Monday, March 20, with the market still gaining support from investors buying gold as a safe-haven asset amid concerns about the crisis in the banking sector. The dollar’s depreciation was also a factor that helped the market. The gold contract closed at its highest level …
Gold and silver prices surged on Monday, with gold reaching a 12-month high of $2,014.90 and silver hitting a six-week high of $22.50. The sharp increase in demand for these safe-haven metals is a result of the current instability in the global marketplace, particularly due to the ongoing banking crisis in the United States and …
On Friday, gold futures closed at an 11-month high and their biggest weekly gain in nearly three years as concerns about the global banking crisis spurred investors to buy gold. In addition, the depreciation of the dollar has also boosted the gold market. Gold futures rose by $50.50 or 2.63% to close at $1,973.50/ounce, marking …
Gold prices closed down on Thursday (March 16) as investors sold off safe-haven assets following the resolution of the banking crisis. Gold futures contracts fell by $8.30 or 0.43%, closing at $1,923 per ounce. Meanwhile, silver futures contracts dropped by 19 cents or 0.87%, closing at $21.692 per ounce. Platinum futures contracts increased by $6.80 …
Gold Closed Lower as Struggling Banks Receive Liquidity Injections Read More »