Gold

6 May 2024
Gold prices fall due to dollar strength and awaited Federal Reserve comments

6th May 2024 – In the early trading hours on Monday in Asia, gold prices saw a decrease of 0.3%, with spot gold dropping to $2,294.97 per ounce as of 0040 GMT. Similarly, U.S. gold futures also experienced a dip …

3 May 2024
Gold prices steady despite uncertain US economic indicators

Gold prices are on track for a second consecutive weekly decline but remained stable on Friday morning at $2,301.49 per ounce as of 0215 GMT. The modest weekly loss of over 1% reflects a broader pullback from the record high …

2 May 2024
MARKETS TODAY: Fed Maintains US Interest Rates

ICYMI – Market Summary for 2 May 2024 Despite market speculations, Federal Reserve Chair Jerome Powell has reiterated the central bank’s position, maintaining interest rates at 5.25%-5.50%, levels not seen in 23 years. This comes despite ongoing challenges in achieving …

2 May 2024
4 reasons why traders flock to safe-haven gold during global political tensions

Gold is essential for your diversification strategy. Learn how to protect your portfolio. With recent occurrences such as geopolitical tensions and climate change, the markets have become more unpredictable than ever before. This can be tricky for anyone trying to …

26 April 2024
TODAY: Gold Sees Slight Uptick Ahead of U.S. Inflation Data

Gold prices saw a modest increase on Friday, with spot gold climbing 0.3% to $2,339.32 per ounce by 0640 GMT, and U.S. gold futures also rising 0.4% to $2,351.20. This slight uptick comes as markets anticipate the release of key …

23 April 2024
Moving Away From Safe Haven: Gold’s Rapid Decline

In today’s trading session, gold continued its recent decline, dropping 1% to reach $2,300. Earlier in the month, the precious metal approached the $2,400 level but did not maintain it at the close of the day. This decline appears tied …

23 April 2024
Global Equities Rise; Gold Prices Decline

As fears of an escalation in the Middle East subside, investors are shifting away from safe-haven assets, resulting in a boost to global equities. The MSCI global stock index (EURONEXT:IACWI) saw an increase of 6.01 points or 0.81%, reaching 749.29. …

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