Gold

On Thursday, September 21, gold futures witnessed a decline as the robust performance of the U.S. dollar and the surging yields of U.S. government bonds exerted pressure on the precious metal market. Gold futures dipped by $27.50, marking a 1.40% drop and concluding at $1,939.60 per ounce. Meanwhile, silver experienced a decrease of 14.90 cents, …

Gold Prices Slide by $27.50 as Soaring Bond Yields and Strong Dollar Impact the Market Read More »

On Thursday, September 14, gold futures experienced a slight uptick despite facing headwinds from a robust dollar and escalating US government bond yields. Gold futures eked out a modest gain of 30 cents, equivalent to a mere 0.02%, concluding the session at $1,932.80 per ounce. Meanwhile, silver struggled, falling by 18.70 cents or 0.81% to …

Gold Inches Up by a Mere 30 Cents as a Resilient Dollar Hinders Buying Enthusiasm Read More »

The world of gold futures experienced a downward trend on Wednesday, September 13th, following the release of August’s Consumer Price Index (CPI) data by the United States. Concurrently, the market grappled with the robust performance of the dollar, rendering gold less appealing to investors. Gold futures witnessed a decline of $2.60, equating to a 0.13% …

Gold Slides $2.60 as U.S. CPI Surges Read More »

Gold futures registered positive gains on Monday, September 11, buoyed by a weakening dollar. Investors are closely monitoring the release of US inflation data this week, as it holds significant implications for the Federal Reserve’s interest rate decisions. Gold futures saw an uptick of $4.50, equivalent to 0.23%, closing at $1,947.20 per ounce. In parallel, …

Gold Gains $4.50 Amidst Weakening Dollar as Markets Monitor US Inflation Read More »

Gold futures faced a third consecutive day of declines on Thursday, September 7th, as the market grappled with a resilient dollar and growing apprehensions regarding the Federal Reserve’s (Fed) stance on interest rates. A strengthening dollar, coupled with concerns over the decline in US jobless claims to a seven-month low, has fueled speculations that the …

Gold Slides $1.70 Amidst Dollar Strength and Rising Concerns of Prolonged Fed High-Interest Rates Read More »