Category Gold & Silver

Gold Prices Edge Higher on Dollar Weakness

Bullion Gold prices rose Tuesday on a weaker dollar despite upbeat U.S. economic data suggesting inflationary pressures were building, raising the prospect of further rate hikes. Gold futures for June delivery on the Comex division of the New York Mercantile Exchange rose by $5.50 or 0.42%, to $1,302.90 a troy ounce. ISM non-manufacturing data for […]

Gold Prices Climb As Dollar Drops After U.S.-China Trade Talks

Gold prices gained on ground early Monday as the dollar slid against the other major currencies in Asia, but remained at its 4-month highs of above the 92 level. The U.S. and China issued a long list of demands in Beijing on Friday, as the two nations attempted to resolve the trade dispute between them. […]

Gold price movements

Price of Gold Weekly Recap: October 9 – October 13, 2017 The price of gold opened on Monday at $1,281.74, and strong interest moved that price to $1,284.76 by midafternoon before the day closed at $1,284.05. Buying in the aftermarkets showed strong momentum and resulted in a Tuesday opening price of $1,292.41, but profit taking […]

The “sum of all fears” has restored investors’ faith in gold

The “sum of all fears” has restored investors’ faith in gold. Money is piling into gold amid concerns over the U.S. economy that could slow the Federal Reserve’s plans to raise interest rates. Adding fuel to the rally are growing U.S.-North Korea tensions. Last week, investors poured $1 billion into the largest exchange-traded fund backed […]