Business News Asia
Gold prices closed slightly lower on Friday, January 27th, but rose for the sixth week in a row after hitting nine-month highs earlier in the week. The gold futures were pressured by the dollar’s appreciation ahead of the Federal Reserve’s…
Gold futures closed lower on Thursday (Jan 26) as strong US economic data prompted investors to sell gold as a safe haven asset. In addition, the strength of the dollar also weighed on the gold market. The strong economic data…
Gold futures closed higher on Wednesday, January 25th, supported by a weak dollar and expectations that the US Federal Reserve (Fed) will slow down on raising interest rates at its upcoming meeting. Analysts at City Index noted that gold futures…
According to the China Gold Association (CGA), China produced 372.048 tonnes of gold in 2022, a significant increase of 43.065 tonnes or 13.09% compared to the previous year. Despite the increase in production, CGA data reveals that gold consumption in…
YLG Bullion and Futures Co., Ltd., a futures exchange broker, has reported that the price of gold has risen by 6% at the beginning of the year, opening at around $1,823 per ounce. The main factor supporting this increase is…
Gold futures closed for a fourth straight day on Tuesday, January 24th, with markets still buoyed by expectations that the Federal Reserve (Fed) will slowdown a rate hike at its weekly meeting. In addition, the dollar’s depreciation is also a…
Gold futures closed higher on Monday, January 23rd, buoyed by expectations that the Federal Reserve (Fed) will delay a rate hike at its next meeting next week. Gold continues to move at its highest level since April 2022, driven by…
Gold contracts closed higher on Friday, January 20th, as investors responded to expectations that the US Federal Reserve (Fed) will slow down the interest rate hike. The president of the Philadelphia Fed announced on Friday that he expects a 0.25%…
Gold futures closed higher on Thursday (Jan. 19) as the dollar’s weakness boosted gold purchases. The dollar index against a basket of six major currencies was down 0.32% at 102.0570 overnight, resulting in gold contracts, priced in dollars, becoming cheaper…
Gold futures experienced a decline of $2.9, or 0.15%, closing at $1,907 per ounce on January 18th, amid investor concerns over potential interest rate hikes from the Federal Reserve. Initially, gold futures benefited from a weaker dollar and a decrease…
