Dollar

gold bars

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 …

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

close up of human representation

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

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 …

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

documents on wooden surface

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

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 …

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

pexels-photo-346547.jpeg

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

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 …

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

close up of human representation

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

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 …

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

gold bars

Gold Plummets $25.10 Amidst Growing Concerns of Fed Rate Hike

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 …

Gold Plummets $25.10 Amidst Growing Concerns of Fed Rate Hike Read More »