Gold

pexels-photo-346547.jpeg

Gold Prices Dip as Strong Dollar Impacts Precious Metals Market

Gold futures in New York faced a downturn on Wednesday, recording negative closures as the market contended with a robust upswing in the dollar’s strength, influencing precious metal prices. The day’s trading saw gold futures plummet by $8.80, marking a 0.44% decline to conclude at $1,992.80 per ounce. Similarly, silver experienced a decline, falling by …

Gold Prices Dip as Strong Dollar Impacts Precious Metals Market Read More »

pexels-photo-346547.jpeg

Gold Surges Beyond $2,000 Mark as Bond Yields Decline, Market Supported

In a notable ascent, gold futures surged above the significant threshold of $2,000 on Tuesday (Nov. 21), buoyed by a decline in U.S. bond yields and amid perceptions that the Federal Reserve (Fed) has concluded its streak of interest rate hikes. Closing at $2,001.60 per ounce, gold futures registered a substantial increase of $21.30 or …

Gold Surges Beyond $2,000 Mark as Bond Yields Decline, Market Supported Read More »

pexels-photo-346547.jpeg

Gold Rises $23 as Bond Yields Decline – Anticipation Builds for Fed’s Rate Adjustment

Gold futures surged more than 1% on Thursday (Nov. 16), bolstered by a weakening dollar and a notable drop in US bond yields, amidst growing expectations that the Federal Reserve (Fed) might halt its current trend of interest rate hikes. The price of gold futures escalated by $23, marking a substantial 1.17% increase to reach …

Gold Rises $23 as Bond Yields Decline – Anticipation Builds for Fed’s Rate Adjustment Read More »

close up of human representation

Dollar Strengthens, Bond Yields Surge, and Gold Closes at a Loss of $2.20

Gold futures experienced a dip on Wednesday, November 15th, primarily impacted by the robust performance of the dollar and the escalating yields on US bonds. On the market close, gold futures saw a decline of $2.20, marking a 0.11% decrease and settling at $1,964.30 per ounce. Conversely, silver futures demonstrated resilience by climbing 40.60 cents, …

Dollar Strengthens, Bond Yields Surge, and Gold Closes at a Loss of $2.20 Read More »

close up of human representation

Gold Closes at $1966.50 Amidst Weak Dollar, Expectations of Fed Halting Interest Rate Hikes

Gold futures soared on Tuesday (Nov. 14), propelled by a weakening dollar and a lower-than-anticipated US inflation report. This development has raised investor optimism, anticipating a possible cessation in the Federal Reserve’s ongoing interest rate hike campaign. Gold futures surged by $16.30, marking a notable 0.84% increase, to settle at $1,966.50 per ounce. Complementing this …

Gold Closes at $1966.50 Amidst Weak Dollar, Expectations of Fed Halting Interest Rate Hikes Read More »

close up of human representation

Gold Surges to $1,950.20 on Weakening Dollar; Markets Closely Monitor US Inflation Trends

Gold futures experienced a positive rally on Monday, November 13, propelled by a weakening dollar, as investors closely monitored the release of the US Consumer Price Index (CPI) to assess inflation trends and gauge potential shifts in the Federal Reserve’s (Fed) interest rate policies. Gold futures saw an increase of $12.50, equivalent to a 0.65% …

Gold Surges to $1,950.20 on Weakening Dollar; Markets Closely Monitor US Inflation Trends Read More »