Gold price today is trading around US $ 2022 and is worth a significant recovery level since the last time it decreased to 2000 USD. From the chart, precious metals have escaped from the discount channel and conducted an increase, the price can recover up to 2037 USD and higher may be at $ 2055. However, the market information is still less optimistic about the...
World gold price listed on Kitco is at 1,942 USD/ounce, up 8 USD/ounce compared to the early hours of yesterday morning. December gold futures last traded at $1,976.1 an ounce, up $7.3. According to some market analysts, the gold market may be struggling to find traction as inflation remains a major concern and could force the US Federal Reserve (Fed) to continue...
On the world market, spot gold on Kitco 5/8 traded at 1,942 USD/ounce. Gold price is maintaining at an important resistance level, in the context of the US labor market falling in July, inflationary pressure is still present. ANZ analysts said that the Fed's actions related to the view of adjusting interest rates in the near future could limit gold's rally. Gold...
The current world gold price on Kitco is 1,934.7 USD/ounce, down 10.9 USD/ounce compared to the previous session. Within just two trading sessions, the price has dropped by more than 23 USD/ounce. The gold market is facing challenges due to inflation, a strong labor market and strong economic activity, supporting the Federal Reserve's aggressive monetary...
The global price of gold slightly dropped to $1,936 per ounce and has remained low for the past three weeks. Despite the US credit rating downgrade, the dollar continues to trade at its highest level in the past month, which has contributed to the decline in gold prices. Additionally, the 10-year US Treasury bond yield reached a nine-month high at 4.1360%. On...
The dollar rallied to a seven-week high in the last session, after data showed US inflation continued to rise, while consumer spending rebounded in February, underpinning the outlook. Hope that the US Federal Reserve (Fed) will continue to aggressively raise interest rates to control inflation. Hotter-than-expected data helped the greenback continue to rally...