Tag Gold


Gold closes lower as U.S. Treasury yields puts pressure on market

Gold futures closed lower Thursday (Sept. 29) as rising U.S. Treasury yields pressured gold markets. The yield on 2-year Treasury bonds, which responds to the Federal Reserve’s monetary policy, rose above 4.2%. This makes gold less attractive because gold does…


Gold price and dollar rise slightly

Gold futures closed higher on Tuesday (Sept. 27), supported by a slight dollar appreciation. Investors remain concerned about the Federal Reserve (Fed) rate hike. The dollar index against the six major currencies in a basket of currencies rose only 0.0009%,…

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Gold futures fell $12.20 to open the week

Gold futures prices fell today under pressure from the appreciation of the dollar, and concerns about the acceleration of interest rate hikes by the U.S. Federal Reserve (Fed) The dollar index rose 0.66% this morning against the six major currencies…

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This is how the major markets closed last week

The Dow closes lower as investors continue to sell stocks on recession fears after the Federal Reserve (Fed) insisted on tightening monetary policy to curb inflation. In addition, the Purchasing Managers’ Index (PMI) for the manufacturing and service sectors in…

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Gold rises after Putin escalates the Ukraine war

Gold futures closed higher on Wednesday (Sept. 21), driven by investors buying gold as a safe haven after Russian President Vladimir Putin announced a mobilization of troops to escalate the war with Ukraine. Russian President Vladimir Putin yesterday announced the…

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