Posts Tagged ‘Gold markets’
Gold and Oil News - July 30, 2023 13:12
Gold Steady As US Dollar Index Tries to Make Gains
Similar to other commodities, gold prices usually escalate when the US dollar weakens. Hence, during periods when the dollar is losing value, the likelihood of an increase in gold prices is notably high. Unfortunately, although the US Dollar index has retraced from its recent high, it has still made around 10% gains since late 2022. […]
Gold Pops Past $2000 But Settles For Less
Spot gold price earlier this week was close to $2075/ounce, but after traders booked their profits, this saw the yellow metal drop below $2000 after it reached this new high. Inflation is hitting highest levels for decades and the outlook is bleak for the short term. Experts in commodity markets believe that the sharp rise […]
Inflation Worries Prevail As Gold Prices Look Higher
With June CPI data increasing at an unprecedented rate since 2008, inflation concerns are growing due to loose monetary policy and unorthodox stimulus. This has not yet translated into the gold price, which has not reached $1,900 per ounce since late last year. Data from the USA last week suggest Gold could be on the […]
Gold Futures Advance in Reaction to Political Unrest in Libya
Gold futures gained in electronic trading at Comex division of New York Mercantile Exchange as the riots and political unrest escalates in Libya. Gold futures contract for February delivery moved up 0.1 percent to $1,415 per ounce on Thursday’s Asian trading session. The crisis and clashes of public with government in Libya has made investors […]
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