Gold futures () opened Monday at $4,368.30 per troy ounce, up 0.9% from Friday’s closing price of $4,329.60. The price of gold rose above $4,400 in early trading. Rising geopolitical risk following a US attack in Venezuela supported demand for gold. The United States captured Venezuelan President Nicolás Maduro and his wife and transported them…
Gold futures (GC=F) opened Monday at $4,568 per troy ounce, up 0.3% from Friday’s closing price of $4,552.70. The price of gold fell below $4,500 after hitting an all-time high in early trading. Investor profit-taking and reported progress on a peace deal in Ukraine may have contributed to gold’s pullback from its record high on…
Gold futures opened Monday at $4,330 per troy ounce, nearly on par with Friday’s closing price of $4,328.30. The price of gold moved above $4,370 in early trading. After the long-awaited rate cut by the Federal Reserve last week, gold traders are eagerly awaiting the next rate action from the Federal Reserve. One complication (for…
Gold futures () opened at $4,228.10 per troy ounce on Monday, down 0.4% from Friday’s closing price of $4,243. The price of gold fell in early trading. The US central bank’s policy-making committee will meet on Tuesday and Wednesday to confirm or adjust interest rates. Analysts and investors largely expect a quarter-point rate cut. CME…
Ark Invest founder and CEO Cathie Wood has been openly optimistic about the US economy despite worrying economic data. On December 5, Wood set the record straight on inflation, housing, and his outlook on Bitcoin versus gold. For context, Wood is one of the world’s most influential technology and cryptocurrency investors, best known for making…
Gold futures (GC=F) opened at $4,069.20 an ounce on Monday, down 0.3% from Friday’s close of $4,079.50. The price of gold has remained below $4,100 since November 19. The short-term interest rate outlook continues to influence the demand and price of the yellow metal. Traders are currently predicting a 73.5% chance that the Federal Reserve…
Gold futures () opened at $4,084.40 an ounce on Monday, down 0.2% from Friday’s close of $4,094.20. The price of gold fell in early trading. Low gold prices coincide with increased uncertainty about the Federal Reserve’s next move on interest rates. The policymaking committee will meet Dec. 9-10 to decide whether a third rate cut…
Asian stocks saw a notable rise on Tuesday, boosted by investor optimism following the possible resolution of a major US debt default. This positive development significantly improved market sentiment across a wide range of asset classes. The Asia-Pacific region excluding Japan witnessed a strong performance, with the broader MSCI index posting a 0.4% rise early…
Gold futures () opened at $4,001 an ounce on Monday, up 0.5% from Friday’s close of $3,982.20. The price of gold has remained between $3,910 and $4,040 since October 28. Over the weekend, China announced a change in its tax policy on gold. Previously, the country allowed retailers to offset a 13% value-added tax when…
Gold futures (GC=F) opened at $4,103.20 an ounce on Monday, down 0.4% from Friday’s close of $4,118.40. This is the first drop from the previous day’s closing number that we have seen since the summer. Gold’s slide continues a week after gold hit record highs, as many experts believe gold has been overbought in recent…
