Gold

16 May 2024
Gold climbs as anticipation of Fed Rate cuts increases appeal

Key points: Platinum nears One-Year high: Platinum prices reach their highest level since May 22 of last year. Gold eyes $2,400 level: Analysts suggest gold could soon capture the $2,400 per ounce mark. Gold prices climbed slightly higher on Thursday, …

14 May 2024
Anticipating the impact of US inflation data on gold prices 

Key points:  Gold prices saw an increase on Tuesday, rising 0.4% to $2,344.39 per ounce, despite a drop the previous day.  Upcoming U.S. inflation data crucial for gauging future Federal Reserve policy decisions and its subsequent influence on gold prices.  …

10 May 2024
Gold rises due to rate cut speculation and economic data

Key points: Gold prices increased this week, influenced by expectations of a Federal Reserve rate cut later this year. Recent U.S. labor market data suggests a cooling economy, further fueling rate cut speculations. 10th May 2024 – On Friday, spot …

9 May 2024
Gold prices steady ahead of the release of US economic data

Key points: U.S. jobless claims and consumer sentiment data are set to provide fresh economic insights. Platinum faces its largest market deficit in a decade, influencing its pricing dynamics. Gold prices stabilise as economic data looms Gold prices held steady …

7 May 2024
Gold prices climb on speculation of Federal Reserve rate cut

Key points: Gold prices see a modest increase as traders anticipate a Federal Reserve rate cut. Geopolitical tensions and economic indicators remain key drivers for market movements. Gold prices rose for the second consecutive session on Tuesday. This increase comes …

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 …

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