Gold prices held steady on Tuesday (August 5th), holding near the two-week high reached in the previous session, as weaker-than-expected US employment data raised expectations for a September interest rate cut and pressured the US dollar and government bond yields. Spot gold was trading at $3,369.25 per ounce as of 06:29 GMT. Bullion hit its highest level since July 24th on Monday. US gold futures were unchanged at $3,423.20. Source: Newsmaker.id
Gold is steady after surging the most in 20 months last week as the escalation of the Russia-Ukraine war boosted demand for safe haven assets. Bullion is trading near $2,720 an ounce after jumping 6% last week as the conflict entered a dangerous new phase. President Vladimir Putin said his forces may use new missiles again after targeting Ukraine in retaliation for Kyiv's use of American and British weapons on Russian territory. Source: newsmaker.id
Gold (XAU/USD) rallies for the fifth day in a row. The precious metal pulls back below $2,700 again during the US session on Friday after the US Dollar (USD) gains ground following the release of stronger-than-expected activity data. Overall, however, Gold sees gains as inflaming Russia-Ukraine tensions drive renewed safe-haven flows. The preliminary US Global Composite PMI rises to 55.3 in November from 54.1 in October, according to data on Friday. The Manufacturing PMI rose to 48.8 in line with expectations and the Services PMI rose to 57.0 from 55.0 previously and beat expectations of...
Gold prices (XAU/USD) continued to maintain strong gains during the early European session and are currently trading near a two-week high, just below the $2700 level. Ongoing geopolitical risks due to the worsening Russia-Ukraine conflict helped the safe-haven precious metal extend its weekly uptrend for the fifth straight day. In addition, expectations that US President-elect Donald Trump's expansionary policies could reignite inflationary pressures turned out to be another factor that benefited the commodity, which is considered a hedge against inflation. Gold prices at the time of this...
Gold bullion traded above $2,660 an ounce after Ukraine said Russia had launched an intercontinental ballistic missile at the central Ukrainian city of Dnipro. The attack appeared to be the first reported use of an ICBM, designed to hit targets thousands of kilometers away, since the start of the invasion. Rising geopolitical tensions tend to benefit the precious metal. Source: newsmaker.id
Silver (XAG/USD) prices retraced the continent's recent decline from the previous session, trading around $31.00 during Asian trading hours on Thursday (11/21). The precious metal's price increase was driven by safe-haven inflows amid rising tensions in the Russia-Ukraine war. Source: newsmaker.id