The Magazine for Asian Investors
Gold futures closed higher for a fourth straight day on Tuesday (May 24), supported by a weaker dollar and safe-haven buying after the U.S. released poor economic data. The gold futures were up $17.6, or 0.95%, at $1,865.4 per ounce.…
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…
—– 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.…
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…
Gold futures closed higher on Thursday (May 19) as falling equity markets and poor U.S. economic data boosted safe-haven gold buying. The gold futures were up $25.3, or 1.39%, at $1,841.2 an ounce. Silver futures were up 36.4 cents, or…
Gold futures closed lower on Wednesday (May 18) as the markets were pressured by the appreciation of the dollar. Also, the fact that Federal Reserve Chairman Jerome Powell insisted that the Fed would not hesitate to raise interest rates as…
Gold futures closed higher on Tuesday (May 17), helped by the depreciation of the dollar, whereas U.S. Treasury bond yields rose. Concerns about an accelerated rate hike by the Federal Reserve (Fed) have slowed buying in the market. The gold…
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…
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…
Gold futures closed lower on Friday (May 13), hitting a 14-week low, on rising U.S. Treasury bond yields. Gold fell $16.4, or 0.9%, at $1,808.20 an ounce. Silver futures were up 22.8 cents, or 1.1%, at $21.001 an ounce. The…
