Gold

gold bars

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

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 »

close up of human representation

Gold Futures Show Resilience, Closing at $1,967.10 Before Fed Meeting Decision

Gold futures exhibited strength in the face of uncertainty on Wednesday, September 20, closing at $1,967.10 per ounce, marking the fifth consecutive day of positive gains. This upward trend, observed just before the Federal Reserve (Fed) announced its monetary policy decision, was the longest positive streak since January of the current year. Amidst the anticipation …

Gold Futures Show Resilience, Closing at $1,967.10 Before Fed Meeting Decision Read More »

gold bars

Gold Gains $7.20 as Weak Dollar Fuels Buying – All Eyes on Upcoming Fed Meeting

On Monday, September 18, gold futures closed in positive territory, with the weakening dollar acting as a catalyst for increased gold buying. As investors anxiously await the monetary policy meeting of the Federal Reserve (Fed) scheduled for later this week, the precious metals market is experiencing notable fluctuations. Gold Futures: The gold futures market saw …

Gold Gains $7.20 as Weak Dollar Fuels Buying – All Eyes on Upcoming Fed Meeting Read More »

gold bars

Gold Closes Strong at $1,946.20 Amidst Weakening Dollar, Attracting Investors

In a noteworthy turn of events, gold contracts closed on a positive note this Friday, September 15, driven by the gradual weakening of the US dollar, which significantly bolstered the demand for gold contracts. This shift in market dynamics led to a surge in gold futures, with the precious metal gaining $13.40, equivalent to a …

Gold Closes Strong at $1,946.20 Amidst Weakening Dollar, Attracting Investors Read More »

close up of human representation

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

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 »

close up of human representation

Gold Slides $2.60 as U.S. CPI Surges

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 bars

Gold Closes Down at $1,935.10 Due to Strong Dollar and Concerns about Fed Raising Interest Rates

In a significant turn of events, gold futures faced a downward trajectory on Tuesday, September 12, driven by a strengthening dollar and apprehensions regarding the Federal Reserve’s interest rate policy. As investors closely monitor the release of US inflation data later this week, all eyes are on the indicators that may shed light on the …

Gold Closes Down at $1,935.10 Due to Strong Dollar and Concerns about Fed Raising Interest Rates Read More »

gold bars

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

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 bars

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

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 »