Tag Gold

pexels-photo-346547.jpeg

Gold Closes $5.7 Higher on Weaker U.S. Dollar

Gold futures closed higher on Monday (May 23) as the dollar’s depreciation boosted gold buying. Investors are looking ahead to the minutes of the Federal Reserve’s (Fed) May meeting, which will be released on Wednesday. The gold futures were up…

black blue and red graph illustration

Recap of the Market Movements

—– The Dow Jones Industrial Average closed slightly higher after a volatile trading session. But the Dow continued its weekly decline for the eighth week in a row. This is the longest decline since April 1932, during the Great Depression.…

several gold plates

Gold Closed with a Plus and Approaching $1850 Again

Gold futures closed higher on Friday (May 20) as investors bought gold as a safe haven. Meanwhile, U.S. equity markets remain weak amid inflation fears and rising interest rates. The gold contract was up $0.9, or 0.05%, at $1,842.1 per…

three gold bars against dark background

Gold Rises Slightly After Dollar Weaken

Gold futures closed higher on Monday (May 16) as the depreciation of the dollar caused gold futures to rise slightly. Weak U.S. economic data also supported the gold price. The gold futures were up $5.8, or 0.32%, to close at…

bullion gold gold bars golden

China Lockdowns Depress Gold Jewelry Sales

As reported by the World Gold Council, gold demand has started the year well, with a 34% year-on-year increase. This is mainly due to exchange-traded funds and gold’s status as a safe haven. Demand for gold bars and coins was…

Change Language