Dollar – NATURALDEPOSIT

Gold Futures Rise Nearly $5 as Market Anticipates Fed’s Stance on Interest Rates

Gold futures experienced an upward adjustment in price on Monday, June 5, as investors expressed their expectations that the Federal Reserve (Fed) would halt its interest rate hikes in the upcoming meeting. The closing price of gold futures saw a $4.70 increase, reaching $1,974.30 per ounce. On Friday, June 2, the gold futures market witnessed …

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Gold Prices Rise $13.40 as Weakening Dollar Boosts Market, Anticipating Fed’s Interest Rate Decision

Gold

Gold futures concluded higher on Thursday (June 1), supported by a weakened dollar and expectations that the Federal Reserve (Fed) would maintain interest rates during its upcoming meeting. Investors also awaited the release of US non-farm payroll figures, set to be unveiled today. Gold futures experienced a 0.68% increase, rising by $13.40 to close at …

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Gold Closes Higher at $1,977 as Dollar Weakens and Bond Yields Fall

Gold

In a positive turn for gold investors, gold futures closed higher on Tuesday (May 30), boosted by a weakening dollar and a decline in US Treasury yields. The market received additional support as investors eagerly awaited the US Congress’ decision on passing a bill to increase the debt ceiling. Gold futures experienced a rise of …

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Last Week’s Market Summary: Dow Surges on Debt Ceiling Progress, Chip Stocks Rally on AI Optimism

Markets, News

In a week marked by significant developments, the Dow Jones Industrial Average closed higher on Friday (May 26) as talks to raise the US debt ceiling progressed, while chip stocks experienced a second consecutive day of gains driven by optimism surrounding the prospects of artificial intelligence (AI). Here’s a closer look at the market summary …

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Gold Prices Slump $20.90 as Strengthening Dollar Takes Toll on Markets

Gold

On Thursday (May 25), gold futures plummeted to a nine-week low and closed in negative territory for the fourth consecutive day as the resurgent US dollar continued to exert downward pressure on the markets. Investors remained vigilant, awaiting the release of the US Personal Consumption Expenditure (PCE) price index, a crucial indicator that could offer …

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Gold Declines $9.90 as Dollar Strengthens, Investors Await Economic Indicators

Gold

Gold futures experienced a downturn on Wednesday (May 24) as the relentless strength of the dollar continued to weigh on the market. Meanwhile, investors closely monitored the release of key economic indicators, including the first quarter 2023 gross domestic product (GDP) and the US personal consumption expenditure (PCE) price index, which could provide insights into …

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Gold Slides as Dollar Strengthens and Bond Yields Impact Market

Gold

Gold futures faced a second consecutive day of decline on Tuesday (May 23) as the market was weighed down by a strong dollar and a rally in US Treasury yields. Gold futures recorded a decrease of $2.70, or 0.14%, settling at $1,974.50 per ounce. Similarly, silver futures experienced a downturn of 23.70 cents, or 0.99%, …

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Gold Surges $21.80 as Dollar Weakens, Bolstering Buying Pressure

Gold

In a favorable turn of events for investors, gold futures closed higher on Friday (May 19) due to a weakening US dollar, which boosted the demand for gold. The price of gold futures experienced a substantial increase of $21.80, equivalent to a 1.11% rise, closing at $1,981.60 per ounce. However, despite this positive development, gold …

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Gold Plummets $25.10 Amidst Growing Concerns of Fed Rate Hike

Gold

Gold experienced a significant decline on Thursday (May 18) as worries about the US Federal Reserve’s potential interest rate increase and the strength of the dollar impacted the market. Closing at $1,959.80 per ounce, gold futures contracted by $25.10 or 1.26 percent, reaching the lowest closing level since March 27, 2023. Similarly, silver futures fell …

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Gold Slides $8.1 as Dollar Strengthens – Investors Shed Safe Assets

Gold

Gold futures experienced a decline to a seven-week low on Wednesday (May 17) as the strength of the dollar exerted pressure on the market. This drop came in response to reports of progressing negotiations to increase the US debt ceiling. Closing at $1,984.90 per ounce, gold futures were down by $8.1 or 0.41%, marking the …

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