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On Tuesday, gold fell to a minimum of more than 6 months against the cessation of the widespread sale of risky assets. Pressure on the precious metal also brought hope that an increase in the interest rate of the Federal Reserve System in the future would support the dollar. Growing concerns about the escalation of the conflict between the US and China and other trading partners contribute to the strengthening of the dollar. By 14:39 Moscow time on Tuesday, gold fell to 1 thousand 257 dollars 3 cents per troy ounce from 1 thousand 265 dollars per ounce at the closure of trading on Monday. The price of August gold futures in the USA fell by 10 dollars 30 cents to 1 thousand 258 dollars 60 cents per ounce.
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
Gold prices rose earlier on Tuesday morning in Asia on the back of renewed hope as the U.S. and the Europe pledged on additional stimulus packages. In the U.S., another round of stimulus measures is underway in Congress, as previous stimulus ...
Gold prices traded lower in Asia on Friday morning amid hopes for COVID-19 vaccines from the U.S. and U.K. bolstered investor appetite. Sentiment was further boosted with the European Central Bank (ECB) signaling that it may leave interest ...
Gold prices were down slightly on Wednesday in Asia, losing gains made in a previous session. However, the safe haven asset’s losses remained limited as COVID-19 worries mounted on top of worsening U.S.-China relations. Gold futures ...
Gold prices fell earlier on Tuesday in Asia as the Dollar strengthened, pulling traction away from the yellow metal. Gold futures fell by 0.85% to $1,798.65 per ounce at 1:12 AM ET (6:12 AM GMT), still remaining above the $1,800 level. Losses ...
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