Precious Metals

22 July 2024
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.

11 July 2024
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.

31 May 2024
Gold edges higher ahead of key inflation report, poised for monthly gain

Key points: Gold is on track for its fourth consecutive monthly gain, showing resilience in the face of fluctuating economic indicators. The market anticipates the April personal consumption expenditures price index, a critical measure for future Federal Reserve policies. Gold …

23 May 2024
Gold prices see dip on hawkish Fed minutes

Key points Analyst prediction: Gold may drift back to $2,355 if the dollar maintains upward momentum. Fed minutes: Indicated discussions of possible further interest rate hikes. ANZ outlook: Rising prices could temper discretionary gold buying. Gold prices fell for a …

14 May 2024
Copper prices surge to a 2-year high on mixed global demand

Key points Copper prices hit their highest level since April 2022, reflecting increased investments in base metals. Weak demand persists in China due to high prices impacting consumer sectors, notably in wire rod manufacturing. Copper prices reached their highest point …

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 …

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
Shanghai copper falls on first trading session after holiday

Key points: Shanghai copper contracts drop 0.7% to 81,180 yuan per metric ton. Firmer dollar makes greenback-priced metals more expensive for holders of other currencies. Shanghai copper prices fell on Monday tracking losses in London, amid a firmer dollar and …

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 …

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