Gold price posted over two and half percent lats week. Prices reached an unprecedented peak, soaring above 67800. On the monthly basis, yellow metals jumped by eight percent, marking a significant uptick for what is typically considered a conservative investment. Several key developments support this rally: The recent upward move
The Gold Price retreated from recent highs last week. The continued strengthening of the dollar after an unexpected interest rate cut by the Swiss National Bank is putting pressure on the metal market. The yellow metal reached a record high of 66,943 after the Federal Reserve maintained its forecast of
The forex news for the day is in and it seems like the deadly duo, Gold and Silver are in focus again. With major bank data incoming and a plethora of factors affecting the metals, what’s the trajectory? Let’s get started then, shall we? Dollar index Buy Above 103.05 Upside
Gold, an esteemed metallic element, possesses a lustrous quality and commands a high market value. So, why overlook the potential investment opportunities it offers? Gold is not merely a status symbol; it serves as a financial instrument that could pave the way for the financial independence you seek. But why
The gold price showed strong buying interest yesterday despite the Federal Reserve (Fed) showing no interest in cutting interest rates in the first half of 2024. Higher interest rates are negative for non-yielding gold because they increase the opportunity cost of holding interest. On the geopolitical front, tensions between Israel
Gold prices fell on Thursday but remained largely in a recent trading range as many signals from the Federal Reserve reiterated expectations for more US interest rate hikes. Strong gains were pared this week as the dollar fell sharply from a three-month high. But further losses for the dollar now
Gold prices struggled on Monday as the yellow metal remained in a trading range established over the past week as traders looked for more clues from upcoming US inflation data. The lack of direct signals last week also provided some clues for gold, with traders now looking to the upcoming
Gold price struggled for the direction yesterday. Four Federal Reserve (Fed) officials emphasized that they don’t see an urgent case to cut rates, and the central bank would like to see more evidence of inflation data before it acts. Adding to this, The yellow metal benefits from the safe-haven flow
Gold slips as dollar rises. Gold closed at a one-month low on Wednesday as the dollar and Treasury yields rose after the US reported stronger-than-expected retail sales in December. The decline rate of the yellow metal is supported by strong US economic indicators that have dampened expectations of a threatening
Gold price was neutral yesterday. After December 28, 2023, the yellow metals retreated by more than one and a half percent. The precious metal remains above multi-day support, however, as markets seek clarity on the Federal Reserve’s rate cut before making directional bets. Bullion following the momentum of the US
