Silver

Gold futures closed higher on Thursday (Oct. 20), supported by the dollar’s depreciation. The dollar index against the six major currencies of a basket of currencies fell 0.1% to 112.8700. The weakening of the dollar has made gold contracts denominated in dollars cheaper for investors holding other currencies. However, the gold contract rose only slightly […]

Gold futures closed lower on Wednesday (Oct. 19) as the strong dollar and rising U.S. bond yields pressured the market. The dollar index against the six major currencies in a basket of currencies rose 0.76% to 112.9820, while the yield on the 10-year U.S. Treasury bond rose to 4.104%. A strong dollar has made gold

Gold futures closed lower on Tuesday (Oct. 18) as markets were pressured by the dollar’s appreciation and concerns about a Federal Reserve (Fed) rate hike. Gold contracts were pressured by the strength of the dollar. The dollar index against the six major currencies in a basket of currencies rose 0.09% to 112.1310. The strength of

Gold futures closed higher on Monday (Oct. 17), supported by the dollar’s depreciation and a drop in U.S. Treasury bond yields. The dollar index against the six major currencies in a basket of currencies fell 1.13 percent to 112.0320, while the yield on the 10-year U.S. Treasury bond fell to 3.996%. The weakening of the

Gold futures closed lower on Friday (Oct. 14) under pressure from a stronger U.S. dollar. The release of U.S. economic data suggests that inflation in the U.S. remains high and reinforces expectations that the U.S. Federal Reserve (Fed) will continue to aggressively raise interest rates. Gold contracts are under pressure as the U.S. dollar index

Gold futures closed slightly lower on Thursday (Oct. 13), driven by rising U.S. treasury bond yields. The U.S. had released higher-than-expected inflation data, which will encourage the Federal Reserve (Fed) to continue to raise interest rates sharply. The gold contract fell after U.S. treasury yields rose on Thursday. The U.S. had released higher-than-expected inflation data

Gold futures fell for the second day in a row on Monday (Oct. 10) as investors remained concerned that higher-than-expected U.S. non-farm payrolls data could prompt the Federal Reserve to raise interest rates further. In addition, the appreciation of the dollar is also a factor that puts pressure on the gold market. The dollar index

Gold futures closed lower on Friday (Oct. 7) after U.S. non-farm payrolls data came in stronger than expected. The U.S. Labor Department reported Friday that non-farm payrolls rose by 263,000 in September. The unemployment rate fell to 3.5% from 3.7% in August. Market analysts stated that the strong U.S. employment data indicates that the labor