Precious Metals Gold futures fell $29.6, or 1.65%, to $1,768.30 per ounce, but were up 0.6% for the week. Silver was down 12.8 cents, or 0.55%, at $23.349 an ounce. Platinum was up $6.6, or 0.63%, at $1,058.90 per ounce. Palladium was down $74.30, or 3.5%, at $2,076.60 an ounce. Gold futures closed lower last …
Gold Weakens at the End of the Week – Crude Oil Remains Strong Read More »
Metals Gold futures were up $3.2, or 0.18%, at $1,797.90 per ounce. Silver futures were up 30.7 cents, or 1.32%, at $23.477 an ounce. Platinum was up $28.1, or 2.74%, at $1,052.30 per ounce. Palladium rose $44.80, or 2.1%, at $2,150.90 an ounce. Gold futures rallied after 10-year U.S. Treasury bond yields fell to 1.519%, …
Crude oil futures closed lower yesterday (Oct. 13) after OPEC lowered its forecast for global oil demand in 2021. Investors are watching the U.S. crude oil inventory report and outlook for 2022, which is scheduled for release today. WTI crude futures fell 20 cents, or 0.3%, to $80.44 a barrel. Brent crude futures fell 24 …
Never trust a statistic you haven’t fudged yourself. Unsurprisingly, inflation in the U.S. continues to rise, which by now even the last citizen at the supermarket shelf should have noticed. Official CPI figures say inflation has risen to 5.4% YoY in September from 5.3 in the previous month. Some numbers from the CPI: Meat, poultry, …
Rising inflation, energy crisis, and the threat of stagflation make gold prices rise. The International Monetary Fund (IMF) has lowered its forecast for the global economy this year. Gold futures were up $3.6, or 0.21%, at $1,759.30 per ounce. Silver was down 15.1 cents, or 0.67%, at $22.514 an ounce. Platinum was up $4.8, or …
WTI crude futures rose $1.17, or 1.5%, to $80.52 a barrel. Brent crude futures rose $1.26, or 1.5%, to $83.65 a barrel. Crude oil futures closed yesterday (October 11) in the plus. This was driven by higher global oil demand after the economy began to recover from the easing of the COVID-19 freeze. In addition, …
Crude oil continues to rise, Gold at $1750 mark, QE rumors Read More »
Gold futures fell 0.14% to $1,754.95 an ounce at 5 p.m. after hitting a two-week high. The Federal Reserve (Fed) is expected to start reducing assets in line with the planned timeframe, even though the latest U.S. employment data came in lower than expected. The U.S. labor market data released last week was weak, Non-Farm …
Precious Metals The gold price fell $1.80, or 0.1%, to $1,757.4 per ounce, closing the week down $1. Silver futures rose 4.7 cents, or 0.21%, to $22.71 an ounce. Platinum prices rose $42.90, or 4.35%, to close at $1,028.20 per ounce. Palladium prices rose $118, or 6%, to $2,073 per ounce. Gold contracts closed lower …
The gold price briefly rose to $1782.05 after the disappointing U.S. jobs data, but after a short time found itself back at almost the same level as earlier in the day. The gold price is at $1758.10 per ounce in the evening Asia time 10:50 PM GMT+7. After the labor market report with only 194k …
Crude oil futures closed yesterday (October 6) in the red. After the U.S. government’s Energy Information Administration (EIA) announced that crude oil inventories rose unexpectedly last week. In addition, investors took profits after four consecutive days of higher crude oil prices. WTI crude futures fell $1.50, or 1.9%, to $77.43 a barrel. Brent crude futures …