Gold prices ended with a slight gain on Monday (18th), with traders taking advantage of falling prices to buy at low prices. At the same time, the focus shifted to the inflation data to be released this week to understand whether the recent dovish turn of the Federal Reserve (Fed) There is data to support … Read more
Spot gold prices jumped more than 1% on Wednesday (13th) after the U.S. Federal Reserve (Fed) signaled that the interest rate hike cycle was over and that it might cut interest rates next year. U.S. stocks rose sharply in response, and U.S. bond yields and the U.S. dollar both weakened. goldThe spot price rose 1.3% … Read more
gold futuresOn Friday (8th), it fell towards US$2,000 per ounce as the US non-farm payrolls report in November was better than market expectations, causing traders to reduce their bets that the US Federal Reserve (Fed) will cut interest rates before March next year. The US dollar and US Treasuries Rising yields have weighed on precious … Read more
gold futuresIt fell slightly on Thursday (7th) as traders remained cautious ahead of the release of the non-farm payrolls report, but still hoped to see a weakening labor market to support bets that the Federal Reserve (Fed) would cut interest rates as soon as March next year. New York for February deliverygold futuresIt fell 0.1% … Read more
Gold prices rose today, Wednesday, against the backdrop of a decline in the dollar and weaker-than-expected US jobs data, which reinforced speculation that the US Federal Reserve’s tightening cycle has reached its end. Gold rose in instant transactions by 0.2 percent to $2,023.39 per ounce. US gold futures for February delivery rose 0.2 percent to … Read more
gold futuresOn Friday (1st), it surged to US$2,089.70 per ounce, setting a record closing high and heading towards the “goldCross”, the main reason is the speech by Federal Reserve Chairman Jerome Powell, which strengthened the market’s confidence that the United States has completed monetary tightening and will start cutting interest rates next year. New York … Read more
gold futuresIt fell more than 1% on Friday (10th), mainly due to the weakening of safe-haven demand and the fermentation of Federal Reserve (Fed) Chairman Powell’s hawkish remarks the day before. The weekly line also closed in the black this week. New York for December deliverygold futuresIt closed down 1.6% at $1,937.70 an ounce, the … Read more
It is a very rare precious metal and is about 5.5 times more valuable than gold. Gold, due to its durability and attractive appearance, is one of the most expensive precious metals. But much more expensive than gold is another metal that you most likely have at home, and it is called rhodium, writes IFLScience. … Read more
It is a very rare precious metal and is about 5.5 times more valuable than gold. Gold, due to its durability and attractive appearance, is one of the most expensive precious metals. But much more expensive than gold is another metal that you most likely have at home, and it is called rhodium, writes IFLScience. … Read more
BOGOTA/RIO DE JANEIRO (Thomson Reuters Foundation) – Rising gold prices are bad news for the Amazon rainforest. Demand for gold will heat up and illegal mining will increase, leading to deforestation and violence against indigenous communities. Rising gold prices are bad news for the Amazon rainforest. Pictured is an illegal gold mine in Itaituba, Brazil. … Read more