Last week, gold regained its recovery momentum and gained 2.5% as the dollar weakened and US Treasury yields fell. On Tuesday, gold rose 1% intraday as a report showed inflation in the US cooled. The 12-month consumer price index fell from 3.7% recorded in September to 3.2%. Core inflation (excluding volatile energy and food prices) also fell slightly. Information...
World gold prices rose as the code hit a 2-week high as expectations that the Fed would cut interest rates in the spring increased. World gold prices increased sharply this morning with spot gold increasing by 21.6 USD to 1,980.8 USD/ounce. Gold futures last traded at 1,987.3 USD/ounce, up 23 USD compared to yesterday morning. Gold prices soared to a 2-week high...
World gold prices increased today (November 16), but conflicting US inflation data is increasing volatility and risk for precious metal investors. Traders' and investors' attitudes were more optimistic midweek following reports that the US consumer price index for October increased 3.2% year-on-year. CPI is forecast to increase 3.3% year-on-year, compared to a...
Continuing to accelerate from the previous session, the DXY index (the movement of the greenback compared to the balance of 6 major currencies) decreased sharply from 104.8 points to 104.1 points in the first trading session on the market. The USD fell after US inflation was unexpectedly lower than forecast, reinforcing confidence that the US Federal Reserve...
The world's gold price today (November 15) soared when the US announced that the October consumer price index fell lower than forecast. The sudden drop in the USD helped investors return to buying gold when deposit and transaction costs decreased. World gold prices continued to skyrocket this morning due to the USD suddenly plummeting. Specifically, the...
Yesterday, the market received information about US inflation data, which more or less affected gold prices. Specifically, the US consumer price index remained unchanged in October and core inflation showed signs of slowing down. CPI increased by 3.2% compared to the same period last year. This level in September was 3.7%. Accordingly, after the inflation report...
Gold prices today (November 14) in the world rebounded right before the US announced the October consumer price index today. The falling USD has supported the increase in gold prices. World gold prices continued to increase this morning because the falling USD supported the increase in gold prices as transaction and custody costs decreased. Specifically, the...
World gold prices this morning tended to increase with spot gold increasing by 1.2 USD compared to last week's closing level to 1,939 USD/ounce. Last week, the gold market witnessed its second consecutive week of decline due to weak safe-haven demand while US Federal Reserve Chairman Jerome Powell took a hawkish stance on monetary policy. According to City Index...
World gold prices this morning reversed to increase slightly with spot gold increasing by 8.4 USD to 1,958.2 USD/ounce. Gold futures last traded at 1,963.5 USD/ounce, up 5.7 USD compared to yesterday morning. The slight weakening of the USD in the evening trading session of November 9 (Vietnam time) slightly increased the appeal of gold to buyers holding other...
World gold prices this morning continued to decline with spot gold down 19.3 USD to 1,949.4 USD/ounce. Gold futures last traded at 1,955.7 USD/ounce, down 17.8 USD compared to yesterday morning. The gold market witnessed its third consecutive decline as investors looked for new signals about the US Central Bank's interest rate stance. Daniel Ghali, commodity...
World gold prices this morning continued to decline with spot gold down 8.8 USD to 1,968.7 USD/ounce. Gold futures last traded at 1,973.5 USD/ounce, down 15.1 USD compared to yesterday morning's gold. The strong recovery of the USD in the evening trading session of November 7 took away the appeal of gold for buyers holding other currencies. Investors are...
As gold retraces, attention turns to support zones around 1,953 to 1,947 and key moving averages, while investors watch for signs of recovery. Gold confirmed a breakdown from its small rising trend channel today as it fell through the lower trendline of the pattern and yesterday’s low of 1,977. Weakness was further confirmed on a drop below last Wednesday’s minor...
World gold prices decreased this morning with spot gold down 13.5 USD to 1,977.5 USD/ounce. Gold futures last traded at 1,988.6 USD/ounce, down 10.6 USD compared to yesterday morning's gold. During the first trading session of the week, safe-haven metals came under pressure as risk appetite among investors and traders increased. According to experts, weak...
Last week, gold fluctuated with a narrow range and regularly tested the psychological barrier of 2,000 USD/ounce. However, the metal still failed to hold this level as it was caught between conflicting factors between interest rate expectations and geopolitical concerns. Among Wall Street analysts participating in the survey, 60% expect gold prices to move higher...
On the world gold market, the spot gold price at yesterday's session in the US increased by 7.1 USD to 1,992.2 USD/ounce. In the Asian session this morning, gold price reversed and dropped to 1,987.1 USD/ounce. Gold should have exceeded $2,000 but that did not happen. So I think that will cause gold to lose a little bit of momentum. Gold has surged due to...
Gold price on Kitco closed last week's trading session at 1,992 USD/ounce. Investors' worries about the Israel-Hamas conflict still exist, but that cannot help gold prices surpass the threshold of 2,000 USD/ounce. It is because the gold price cannot surpass this important threshold that has caused market psychology to become cautious. Some analysts believe that...
Many experts predict that the fall in gold prices is due to profit-taking pressure when last week the precious metal increased by 5%. Two weeks ago, the US and European economies released economic growth reports, in which GDP growth in the US increased more than twice the forecast. As a result, US Government bond yields have increased sharply. The 10-year US...
World gold prices this morning were stable with spot gold increasing by 2.6 USD to 1,985.1 USD/ounce. Gold futures last traded at 1,993.7 USD/ounce, up 6.2 USD from yesterday morning. World gold is relatively stable although the labor market shows signs of decline. A recent report from the US Department of Labor showed that the number of US workers applying for...