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Tag Archives: Precious Metals

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

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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

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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

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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

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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

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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

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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 of $2,431.29 reached earlier in April, with prices falling by $130 since that peak. U.S.Continue Reading

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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 U.S. inflation data. Weekly Gold Price Dynamics Despite Friday’s increase, gold is poised for itsContinue Reading

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Copper Approaches $10,000 per Ton, Attracts More Investors

Copper prices have been inching closer to the $10,000 per metric ton mark, reflecting a broader uptrend among base metals driven by increasing investment flows. On the London Metal Exchange (LME), the price for three-month copper reached $9,965.50 per ton, showing a 1% increase, while the Shanghai Futures Exchange (SHFE) reported a 1.5% rise inContinue Reading

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