In morning trading session 24/7, spot gold price fell 0.08% to $1,959.5 per ounce, according to Kitco. Gold for August delivery also fell 0.17% to $1,963.35. Gold prices fell in Monday morning session (July 24) as the dollar anchored around a more than 1-week peak set last week, while investors looked to policy meetings of major central banks, especially the US...
Last week, 19 Wall Street analysts participated in Kitco News' gold survey. In which, 42% of analysts believe that the gold price will increase in the near future, while 42% think that the price of gold will decrease. Meanwhile, the remaining 16% of analysts think gold prices will move sideways. Meanwhile, 369 votes were cast in online polls. Of these, 221...
According to the latest updated news, on the world market, the gold price today (July 21) plunged, hitting a 3-week low. Specifically, the price of gold for August delivery on the Comex exchange fell $13, or 1%, to $1,319.3 an ounce, the lowest since June 28, according to FaceSet data. And the price of gold today on the Kitco floor is standing at 1,313.40...
The world gold price today fell slightly with spot gold down 5.7 USD to 1,969.9 USD/ounce. Gold for August futures was last traded at $1,970.9 per ounce, down $9.9 from dawn the previous day. World gold fell slightly before newly released US data showed that the labor market witnessed an uptrend. Specifically, the number of workers filing for unemployment...
World gold fell slightly in response to newly released US data showing that the labor market witnessed an uptrend. Specifically, the number of workers applying for unemployment benefits for the first time continued to decline. The number of weekly jobless claims fell by 9,000 to 228,000, the Labor Department said, down from last week's unverified estimate of...
For now, the market seems secure with a 25 basis point gain at next week's policy meeting. According to the CME's FedWatch tool, there is a 99.8% chance that the Fed will raise rates by 25 basis points at the next meeting of the Federal Open Market Committee (FOMC), the Fed's policymaking body. The FedWatch tool is predicting that, after this month's rate hike,...
World gold price this morning was stable with spot gold down 2.3 USD to 1,975.6 USD/ounce. August gold futures last traded at $1,980.8 per ounce, unchanged from dawn the day before. Gold prices were stable in midweek trading as the market corrected after a recent rally pushed gold to a 7-week high. Experts say that this is a respite for gold to conquer new...
Looking at the broader context, McIntyre said that investors appear to be underestimating the risk as deficits from Western nations continue to grow. McIntyr's warning comes as data from the US Treasury Department shows the US deficit has increased by $1 trillion in the past five weeks since Congress passed a bill to raise the debt ceiling. McIntyre said that the...
Home sales fell 8% to 1.43 million units last month, the Commerce Department said. The number was lower than expected when economists forecast 1.48 million units. The report also emphasized, the housing market outlook is less positive as the number of construction permits fell more than expected. The housing market struggled as interest rates rose. At the same...
Home sales fell 8% to 1.43 million units last month, the Commerce Department said. The number was lower than expected when economists forecast 1.48 million units. The report also emphasized, the housing market outlook is less positive as the number of construction permits fell more than expected. The housing market struggled as interest rates rose. At the same...
The world spot gold price stood at the threshold of 1,974.6 USD/ounce, up 10.6 USD/ounce compared to the end of last week. Gold futures for August delivery on Comex New York were at $1,979.3 per ounce. The world spot gold price stood at the threshold of $1,964 per ounce. Gold for August delivery on the Comex New York exchange was at $1,986 per ounce. The world...
According to some market analysts, this could be the start of a new rally that will help gold reach $2,000 an ounce. Julia Cordova, founder of Cordovatrades.com says that gold's price action is forming a technical bullish pattern and a weekly close above $1,973 would be a breakout move. She added that the next level of resistance to watch would be around $2,017...
The world gold price was stable today with spot gold increasing by 0.6 USD to 1,954 USD/ounce. August gold futures last traded at $1,956.4 per ounce, down $8 from dawn the day before. Although the world gold price was almost unchanged from dawn the previous day, it has fallen sharply from the gain gained during the day due to concerns about demand for the metal...
World gold price today listed on Kitco at 1,954 USD/ounce, up 3 USD/ounce compared to early morning. The GDP of China, the world's second-largest economy, grew by 6.3 percent year-on-year, lower than analysts' forecasts (6.9 percent). This news has put some downward pressure on the metals and crude oil markets. Speaking of this, one analyst wrote in the Wall...
On the world gold market, spot gold price closed last week in the US down 5.7 USD to 1,954.3 USD/ounce. In the Asian session this morning, gold price continued to adjust slightly to 1,952.1 USD/ounce. Gold futures for August delivery on the Comex New York exchange rose slightly by $0.6, or 0.03%, to $1,964.4 an ounce. The gold market will remain very sensitive...
The good news for consumers is that inflation is definitely on track; however, they remain high, which means the Fed may not be ready to declare victory in the battle against higher consumer prices. But now we are nearing the end, breathing new life into the market. Although the price of gold seems to be on the right side of 1950 USD/ounce, there are still some...
The good news for consumers is that inflation is definitely on track; however, they remain high, which means the Fed may not be ready to declare victory in the battle against higher consumer prices. But now we are nearing the end, breathing new life into the market. Although the price of gold seems to be on the right side of 1950 USD/ounce, there are still some...
According to the World Gold Council (WGC), gold is likely to be supported in the second half of the year amid a weak dollar and stable bond yields. A deep recession will boost gold's value but a "soft landing" could challenge the precious metal. Gold rose to a 3-week high as investors looked at data on US inflation - an important factor influencing the decision...