Gold futures faced downward pressure on Tuesday (Oct. 3), with the market adversely impacted by the strengthening U.S. dollar and a surge in U.S. bond yields, fueled by the latest labor data that has led investors to anticipate a prolonged period of high interest rates by the Federal Reserve (Fed). In the commodities market, gold …
Gold contracts witnessed a decline in value on Friday, September 29th, as investors chose to divest themselves of this safe-haven asset. This decision was prompted by the release of data indicating that concerns about inflation were beginning to abate, particularly following the U.S. revelation of the Price Index for Core Personal Consumption Expenditure (Core PCE), …
Gold Prices Retreat to $1,866.10 as Inflation Concerns Subside Read More »
Gold futures experienced a downturn on Thursday, September 28, as market participants grappled with concerns over the Federal Reserve (Fed) potentially keeping interest rates elevated for an extended period in a bid to combat inflation. Gold’s Decline Gold futures registered a decline of $12.30 per ounce, representing a decrease of 0.65% from its previous closing …
Gold futures experienced a significant slump, reaching their lowest point in over six months on Wednesday (Sept. 27), under the weight of a resurgent U.S. dollar. Notably, this decline led to a breach of the crucial support level at $1,900, largely attributed to technical selling pressure. In this context, gold futures tumbled by $28.90, translating …
Gold Slides Below $1,900 as Strong Dollar Takes Its Toll Read More »
Gold futures have experienced a second consecutive day of negative performance, with Tuesday (Sept. 26) witnessing a decline in response to the relentless strengthening of the dollar and a significant rise in U.S. government bond yields. These factors continue to exert pressure on the precious metals market. Gold futures slipped by $16.80, reflecting a decrease …
Gold Faces Second Consecutive Drop Amidst Soaring Bond Yields and Strong Dollar Read More »
On Monday, September 25th, gold futures experienced a downward spiral, driven by the unwavering ascent of the U.S. dollar and the relentless climb of the 10-year government bond yields, which hit their highest point in 16 years. Gold futures endured a sharp decline of $9, equivalent to a 0.46% drop, concluding the day at $1,936.60 …
Gold Slides by $9 Amid Strengthening Dollar and Soaring Bond Yields Read More »
In a surprising turn of events, the gold market experienced a resurgence on Friday, September 22, fueled by speculative buying from investors. This reversal came on the heels of a significant drop in gold prices on Thursday, September 21. In this article, we delve into the factors that contributed to this unexpected rally and its …
Gold Rebounds with $6 Gain Following Speculative Buying Surge After Recent Declines Read More »
On Thursday, September 21, gold futures witnessed a decline as the robust performance of the U.S. dollar and the surging yields of U.S. government bonds exerted pressure on the precious metal market. Gold futures dipped by $27.50, marking a 1.40% drop and concluding at $1,939.60 per ounce. Meanwhile, silver experienced a decrease of 14.90 cents, …
Gold Prices Slide by $27.50 as Soaring Bond Yields and Strong Dollar Impact the Market Read More »
Gold futures exhibited strength in the face of uncertainty on Wednesday, September 20, closing at $1,967.10 per ounce, marking the fifth consecutive day of positive gains. This upward trend, observed just before the Federal Reserve (Fed) announced its monetary policy decision, was the longest positive streak since January of the current year. Amidst the anticipation …
Gold Futures Show Resilience, Closing at $1,967.10 Before Fed Meeting Decision Read More »
Gold futures experienced a marginal uptick on Tuesday, September 19th, as investors eagerly anticipated the outcomes of the Federal Reserve’s monetary policy meeting, scheduled for release on Wednesday, September 20th, in the United States. The gold futures market saw a modest increase of 30 cents, equivalent to 0.02%, with prices settling at $1,953.70 per ounce. …
Gold Inches Up 30 Cents as Market Awaits Fed Meeting Results Read More »