Tag Gold

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Gold Prices Dip as Dollar Strengthens Ahead of Fed Meeting

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…

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Gold closes $7.2 higher on slower Fed rate hike expectations

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…

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China Gold Production Increases 13.09% in 2022

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…

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Gold Closes Higher at $1,923.90 an Ounce as Dollar Weakens

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…

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