Gold

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Gold Closes Higher at $1,995.90 as Fed Signals Close to Halting Interest Rates

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 …

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Gold Closes $8.50 Higher Ahead of Federal Reserve Meeting Outcome

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 …

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Cash Flow Boost: Gold and Silver Prices Rise Amid Currency Swaps and Global Banking Crisis

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 …

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Gold Closes Up $50.50 as Banking Crisis Worries and Weak Dollar Boost Prices to 11-Month High

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 …

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Gold Closed Lower as Struggling Banks Receive Liquidity Injections

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 …

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