Gold fell on Thursday as stockmarkets gained for a third straight day, but the metal traded in a tight range ahead of next week’s Federal Open Market Committee meeting when the Federal Reserve Bank is expected to have a modest increase in interest rates. Meanwhile, palladium touched a fresh record high, trading at record premium […]
As expected, U.S. President Donald Trump couldn’t conclude his dinner with Chinese President Xi Jinping without giving Wall Street something to cheer about. And the resultant delay in new tariffs on China bumped up not just equities on Monday, but also gold, which hit five-week highs at the dollar’s softening. Gold futures for February settled […]
London is a global gold trading hub but most transactions are made in over-the-counter trades between banks, brokers and dealers who have been reluctant to reveal their activity. With regulators pushing for greater transparency, LBMA members have begun reporting trades that settle in London and Zurich, another trading center closely connected to London. “For the […]
This week metals traders will be watching developments around global trade tensions and geopolitical risks, as well as moves in the U.S. dollar, after gold prices moved up more than 1% last week. Safe haven demand for the yellow metal was underpinned following the mounting uncertainty over the outlook for the global economy. December gold […]
Gold prices climbed Friday to tally a 1.2% gain for the week. U.S. and European stock indexes declined and the dollar softened for the week, providing a boost to prices of the yellow metal. December gold was up by $8, or 0.7%, to settle at $1,223 an ounce. Palladium futures, meanwhile, settled at another record […]
New purchase, very original. Not for sale.
Gold futures posted their first climb in four sessions on Wednesday, buoyed by a weaker dollar in the wake of midterm elections that will leave the U.S. with a divided Congress. I view the results as supportive of higher gold prices because the only thing that comes out of a gridlocked Congress is higher spending. […]