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 futures closed higher on Wednesday, supported by a decline in US bond yields. Investors remained watchful as the US Congress prepared to vote on a bill to raise the debt ceiling. Gold futures increased by $5, or 0.25%, closing at $1,982.10 per ounce. Silver futures rose by 34.80 cents, or 1.50%, to close at …
Gold Prices Rise as Bond Yields Fall; US Debt Ceiling Vote in Focus Read More »
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 …
Gold Closes Higher at $1,977 as Dollar Weakens and Bond Yields Fall Read More »
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 …
Gold futures closed higher on Friday (May 26) as investors turned to the precious metal amid persistently high US inflation data, seeking it as a hedge against rising prices. Gold futures recorded a modest gain of 60 cents, or 0.03%, closing at $1,944.30 per ounce. However, the week concluded with a decline of 1.9%, marking …
Gold Prices Edge Higher as US Inflation Data Spurs Buying Read More »
In the wake of Western sanctions imposed on Russia in response to its aggression against Ukraine, the United Arab Emirates (UAE) has risen as a prominent gold trading center for the country. These sanctions have disrupted Russia’s original gold export routes, prompting a shift in trade dynamics. According to data from Russian Customs, between February …
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 »
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 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%, …
Gold Slides as Dollar Strengthens and Bond Yields Impact Market Read More »
In a day marked by a stronger dollar and concerns over increasing interest rates, gold futures experienced a decline on Monday (May 22). Meanwhile, investors eagerly awaited the outcome of the ongoing debt ceiling talks between US President Joe Biden and US House Speaker Kevin McCarthy. Gold futures slipped by $4.40, accounting for a 0.22% …
Gold Closes Down $4.40 as Investors Await Debt Ceiling Negotiations Read More »