Tag Archives: Precious Metals
Gold falls as investors wait for U.S. economic data
Gold prices fell nearly 1% on Thursday as investors took profits ahead of key U.S. economic data. Spot gold dropped 0.9% to $2,377.29 per ounce by 0217 GMT, while U.S. gold futures declined 1.6% to $2,376.70.
Safe-haven gold strengthens as Biden’s move sparks market uncertainty
Gold prices firmed on Monday as the dollar eased following U.S. President Joe Biden’s decision to withdraw from the 2024 presidential race. Investors turned to bullion as a hedge against an uncertain political and market outlook.
Silver prices steady as markets eye US inflation data
Silver prices rose slightly above $31 per ounce, maintaining sideways as the markets anticipate key US inflation data. Learn how a supply deficit in 2024 will hit the momentum.
Gold edges higher ahead of key inflation report, poised for monthly gain
Key points: Gold prices showed a slight increase on Friday, marking a potential fourth consecutive monthly gain. Investors are keenly awaiting the U.S. inflation data which is expected to shed light on the Federal Reserve’s future moves. Picture: Gold price shows slight increase on the VT Markets app. Market fundamentals: Federal Reserve policymakers maintain aContinue Reading
Gold prices see dip on hawkish Fed minutes
Key points Gold prices fell for a third consecutive session on Thursday following the release of the latest Federal Reserve minutes, which suggested some officials were inclined towards raising interest rates. Market reaction after FOMC Picture: The downside prevails for gold prices as seen in the VT Markets app. Gold is typically seen as anContinue Reading
Copper prices surge to a 2-year high on mixed global demand
Key points Copper prices reached their highest point since April 2022 on Tuesday, propelled by significant fund inflows into the base metals sector, despite diminished demand from China. Picture: Copper prices poised for further gains. Download the VT Markets app. Copper hits near 2022 peak on London Metal Exchange On the London Metal Exchange (LME),Continue Reading
Gold rises due to rate cut speculation and economic data
Key points: 10th May 2024 – On Friday, spot gold experienced a slight increase of 0.1% to $2,347.98 per ounce, contributing to a 2% rise over the week. SEE: Gold sees slight upward rise on the VT Markets trading app. This upward movement is closely tied to traders’ adjusted expectations for an interest rate cut fromContinue Reading
Gold prices climb on speculation of Federal Reserve rate cut
Key points: Gold prices rose for the second consecutive session on Tuesday. This increase comes as traders grow increasingly optimistic about a potential Federal Reserve rate cut later this year. Spot gold was up 0.2% at $2,327.11 per ounce early this morning, while U.S. gold futures also saw a 0.2% rise to $2,336.20. Picture: GoldContinue Reading
Shanghai copper falls on first trading session after holiday
Key points: Shanghai copper prices fell on Monday tracking losses in London, amid a firmer dollar and a lack of clear demand improvement from the troubled Chinese property market. Picture: Copper prices see a decline on VT Markets app. Post-holiday copper prices dip In the first trading session after the holiday, the most-traded June copperContinue Reading
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 of 0.3%, settling at $2,301.00 per ounce. This decline coincided with a slight firming ofContinue Reading
