World gold prices weakened yesterday as the USD recovered and investors were waiting for important inflation data to assess whether the US will cut interest rates sooner than expected. This precious metal decreased slightly in the last session before the PCE data was released. He assessed that the US Gross Domestic Product (GDP) data in the third quarter was...
World gold prices today continued to climb to a peak after the latest report showed that US GDP in the third quarter increased by 5.2% instead of the estimate of only 4.9%. Today's world gold price listed on Kitco is at 2,042 USD/ounce, up 2 USD/ounce compared to early yesterday morning. Precious metal prices continued to climb to their peak after the latest...
Gold prices today (November 28) increased slightly. Although the precious metals market is having some significant upward momentum, analysts are wondering whether gold can reach an all-time high in the near future. come or not. The gold market is benefiting from new market expectations that the US Federal Reserve (Fed) will soon cut interest rates. According to...
Today's world gold price increased when the US manufacturing PMI index (an index measuring economic activity) dropped from 50 points to 49.4 points. This data makes investors believe that the US economy is weakening. Accordingly, they expect the US Federal Reserve (FED) to soon reduce interest rates in 2024 to promote economic growth. Immediately, the currency...
World gold prices increased slightly this morning with spot gold increasing by 2.5 USD to 1,992.1 USD/ounce. Gold futures last traded at 1,993.3 USD/ounce, up 0.5 USD compared to yesterday morning. The USD turned down in the context of US 10-year Treasury bond yields falling to their lowest level in 2 months. The US Dollar Index (DXY) measuring greenback...
World gold prices decreased slightly in this morning's trading session. Spot gold fell to 1,989.6 USD/ounce, down 8.1 USD compared to yesterday's trading session. Meanwhile, gold futures decreased by 9.8 USD, to 1,991.8 USD. Gold is under slight selling pressure after the US labor market unexpectedly improved with a decrease in the number of unemployment benefit...
During the trading session lasting from last night to early November 22, the spot price of gold on the international market experienced a fierce increase, breaking the resistance threshold of 2,000 USD/ounce to reach 2,007 USD/ounce. . Gold price today has cooled somewhat, trading at 1,998 USD/ounce Gold prices today fluctuate strongly due to the decline in US...
World gold prices today (November 21) suddenly increased sharply when inflationary pressures in the US eased and the weak economy began to cool down. Analysts say that the US Federal Reserve (Fed) is not yet ready to change the trend of tightening monetary policy, which is making it impossible for hedge funds to access gold. Gold prices could reach $2,100/ounce...
Last week, the international financial market received a lot of negative employment information and retail sales in the US and UK, causing the USD to continue to decline. Specifically, this morning the Dollar-Index - measuring the strength of the USD in a basket of 6 major currencies - decreased by 0.07% to 103,850 points. The USD fell so last weekend investors...
Gold prices opened the session higher thanks to the decrease in the USD index and US Treasury bond interest rates. This is motivating investors to actively buy gold during the uptrend to make profits. According to statistics, the number of Americans applying for unemployment benefits increased more than expected, which helps the US Federal Reserve's (Fed) fight...
Precious metal prices rebounded as US Treasury bond yields fell and inflationary pressures in the US were easing. US CPI remains unchanged in October 2023. US PPI also fell the strongest in three years. Previously, the Fed decided to keep the basic interest rate unchanged. However, US policymakers left open the possibility of raising interest rates later this...
Despite a slight decrease, experts still predict the future of gold prices optimistically. World gold price stood at 1,958 USD/ounce, down slightly by 5 USD/ounce compared to the same hour yesterday morning. This morning, the US Dollar Index increased 0.4% and the 10-year US Treasury bond yield recovered, putting downward pressure on gold prices. However,...
Today's world gold price listed on Kitco is at 1,962 USD/ounce, up 12 USD/ounce compared to early yesterday morning. Precious metal prices continued to increase in the context of the USD falling quite quickly from 105.7 points to 104.8 points at the beginning of the trading session on the US market. Besides, the US consumer price index remained unchanged in...
Today's world gold price listed on Kitco is at 1,946 USD/ounce, up 7 USD compared to early yesterday morning. Precious metals inched up slightly as investors waited for US inflation data this week to evaluate the interest rate roadmap of the US Federal Reserve (Fed). If data shows higher-than-expected inflation, gold is likely to fall again as that increases the...
The world gold spot price on the Asian market is around 1,941 USD/ounce, up nearly 3 USD/ounce compared to last week's closing session. The price of gold delivered according to the contract this morning reversed and increased by nearly 2 USD/ounce to 1,944 USD/ounce compared to the previous session's close. World gold prices reversed to increase at the beginning...
Closing the weekly trading session, world gold price stood at 1,938 USD/ounce, down sharply to 54 USD/ounce compared to last week's closing session. For the whole week, gold decreased by up to 3% in value, marking the worst week of price decline in the past 6 weeks. There are no new developments in tensions in the Middle East, the USD continues to strengthen, the...
On the world market, gold price reached 1,959. Investors await a speech from US Federal Reserve Chairman Jerome Powell for more clues about interest rates. Following gold's sharp rally, some traders have moved away from their previously bullish positions, as market participants assess the risks of a broader conflict in the Middle East, while the downside less...
On the world market, the price of gold reached $1,954. The dollar rose 0.3% after hitting a six-week low in the previous session, making gold more expensive for buyers with other currencies. Besides, after increasing so strongly in a short period of time, the gold market shows signs of quietness. Investors are more cautious, so the market needs to be...