Last night - early this morning, the US Department of Labor continued to announce that the producer price index (PPI) fell to 0.1%, lower than the forecast of 0.2%. This is the lowest level since August 2020. PPI only - measures the change in the price of goods sold by manufacturers, just the leading indicator using issue prices. Along with the decrease of the...
The world gold price continued to increase with spot gold increasing by 3.5 USD to 1,960 USD/ounce. Gold futures in August last traded at $1,963.8 per ounce, up $1.80 from dawn the day before. Gold bounced back and held on to 3-week highs as another development time report released suggests the US Federal Reserve (Fed) may be nearing the end of its most...
Precious metals prices started soaring from yesterday after the US development report showed the economic situation "cooled down", the dollar fell to the lowest level in nearly a year, ending hopes of the Federal Reserve. The US Federal Reserve (Fed) may pause the rate hike cycle sooner. Yields on US 10-year bonds were also at their lowest in more than a week,...
Gold rose to a three-week high as investors pored over data on US developments - an important factor influencing the Fed's decision on the country's monetary policy. Currently, there is a 90% chance that the Fed will raise rates by 25 basis points at its policy meeting on July 25-26. The Fed is expected to reverse monetary policy in 2024. One factor that has put...
The world gold price increased strongly with spot gold increasing by 24.3 USD to 1,956.5 USD/ounce. August gold futures last traded at $1,962 per ounce, up $24.8 from dawn the day before. Gold hit the highest point in the world within 3 weeks as the newly released report showed growing growth that was lower than economists' forecasts. Specifically, the report...
This morning, the world gold price increased sharply, the USD continued to fall to the lowest level in more than a year in the last session, after the US CPI data was released, the Fed's job support may only increase. interest rates again this year. The world gold price increased strongly with spot gold increasing by 24.3 USD to 1,956.5 USD/ounce. August gold...
World gold gained modest gains when supported by the weakening of the USD. Early this morning, the US Dollar Index, which measures the volatility of the greenback, with 6 major currencies falling below the threshold of 102 points, increased the attractiveness of gold to buyers holding other currencies. The precious metals market is relatively quiet at the...
World gold has been increased to a minimum when supported by the weakening of the USD. Early this morning, the US Dollar Index, which measures the volatility of the greenback, with 6 major currencies falling below the threshold of 102 points, increased the attractiveness of gold to buyers holding different currencies. Forecast of gold price trend, in recent...
The weakening USD is supporting the precious metal's price increase. The USDX index, which measures volatility in the greenback, with six major currencies slipped 102 points to near a two-month low. A weaker dollar also makes gold more attractive to buyers holding other currencies. Recently, gold has been caught below the level of 1,950 USD/ounce as the US...
The world gold price almost stood still with spot gold down 0.9 USD to 1,925.1 USD/ounce. Gold futures in August traded at the end of the period at 1,931.5 USD / ounce, down 1.5 USD compared to the previous morning. The world gold market started the week quite quietly when the price fluctuated with a mechanical margin. However, this week is forecast to be a busy...
According to the World Gold Council (WGC), since the beginning of the year, gold is bringing outstanding performance to investors compared to holding cash and bonds. Stocks are an asset that maintains returns that surpass gold. Specifically, in the first half of the year, gold rose 5.4%, while stocks in the S&P 500 rose 14%. They see gold and emerging market...
On the world market, gold price traded on July 10 at 1,925.89 USD/ounce. Analysts of the World Gold Council (WGC) said that, in the current context, there is little possibility of a devaluation or even a sharp increase thanks to rising unemployment data in the US. It is this that makes gold an important asset in the investment portfolio. Besides, many analysts...
The world gold price was almost stationary with spot gold down 0.9 USD to 1,925.1 USD/ounce. Gold futures in August traded at the end of the period at 1,931.5 USD / ounce, down 1.5 USD compared to the previous morning. The world gold market started the week quite quietly when the price fluctuated with a mechanical margin. However, this week is forecast to be a...
In the world gold market, spot gold price at the end of last week in the US increased by 13.6 USD to 1,924.4 USD/ounce. In the Asian session this morning, gold price corrected slightly to 1,923.7 USD/ounce. Gold futures for delivery in August 2023 on the Comex New York exchange increased by $17.1, or 0.89%, to $1,932.5 per ounce. It will be interesting to see if...
The world gold price tends to increase with spot gold increasing by 1.6 USD, so with last week's closing session it increased to 1,926 USD/ounce. Kitco News's recent gold survey shows that optimism is returning to the market. However, some analysts warn that there is still not enough momentum to break through key resistance levels. The outlook for gold improved...
Gold continued to fall after the much better-than-expected US ADP jobs report showed the number of jobs doubled compared to market expectations. The US June ADP report showed an increase of 497,000 jobs, so with market expectations of a 220,000 gain. That data falls on US monetary policy hawks who want to see the Federal Reserve continue to raise interest rates....
The US jobs report in June showed that the country added 497,000 jobs, up from the expected number of 220,000. Positive working data affects the "hawkish" view of the US Federal Reserve (Fed) continuing to raise interest rates. The DXY Index (which measures the volatility of the greenback against six major currencies) closed at 103.12. Treasury bond yields are...
World gold price this morning fell slightly with spot gold down 4.4 USD to 1,910.8 USD/ounce. Gold futures in August traded at the end of the period at $1,915.4 per ounce, down $11.7 from dawn the day before. World precious metals continue to be under selling pressure after a series of reports released. Specifically, the ADP jobs report showed that the US private...