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Gold Prices Climb, Poised for 4% Weekly Gain Amid Public-Health Worries
Gold futures climbed Friday, contributing to a gain for the week, as U.S. stocks attempted to rebound from one of the worst selloffs since the COVID-19 pandemic roiled markets in March. Prices for the
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Gold, Silver Prices Up as Risk Aversion Back in Play
Gold and silver prices are higher in early U.S. trading Thursday, on safe-haven demand amid a global marketplace that has become anxious again. The Federal Reserve on Wednesday afternoon doused a stock market rally with some
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Gold Rises as Investors Await FOMC Economic Forecast
Gold prices gained for a third session early Wednesday, supported by a weakening of the U.S. dollar and a retreat in bond yields ahead of the Federal Reserve’s policy update due later in the
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Why are Gold Prices Pushing Higher Today?
Gold prices headed higher Tuesday as global equities staged a modest retreat after being buoyant for weeks on the back of the reopening of economies stricken by the coronavirus pandemic. “The spot price of
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3 Gold Stocks to Buy in June
It doesn’t take much scrutiny of the headlines or social media to realize that tensions are running high. With nationwide protests, soaring unemployment claims, and general unease around COVID-19, investors are concerned about what
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Gold Price Drops as U.S. Economy Creates 2.5 Million Jobs in May
The gold market has been unable to hold support around $1,700 an ounce and struggling to find positive momentum after the U.S. economy surprisingly added jobs last month. Friday, the Bureau of Labor Statistics
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Gold’s Bullish Outlook left Unscathed by recent Weakness
Gold’s return to $1700/oz, following another failed breakout attempt, has left some investors worried that gold’s future may not look that golden after all. Before digging into current developments let me clarify our view.
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Gold Prices Fall as ADP Says Private Sector Lost 2.76 Million Jobs
Gold prices continue to struggle to find momentum as the private sector continued to shed jobs but at a much slower pace than expected according to private payrolls processor ADP. Wednesday, ADP said that
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‘We Expect a Considerable Drop in Gold Prices’, says ABN Amro
Gold positioning remains very crowded, according to ABM Amro, which is why the Dutch bank is not recommending re-entering long gold positions at the moment. “We continue to think that positions are too crowded
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Silver Scores Biggest Monthly Gain in 9 Years
Silver futures on Friday posted a gain of nearly 24% for the month, the largest since 2011, with the industrial metal finding support as global economies continue to reopen from pandemic-related shutdowns. Gold futures,
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