April gold futures (GC=F) opened at $5,095 per troy ounce on Monday, down 1.2% from Friday’s closing price of $5,158.70. Gold has fallen 4.7% in the past week. Rising oil prices are the main catalyst for gold’s decline. The Middle East war has damaged energy infrastructure and blocked shipping through the Strait of Hormuz, through…
Gold prices (GC=F) were relatively stagnant for much of the 20th century. However, changes in economic policy, world events and inflation caused prices to rise. Since 1970, gold prices have skyrocketed. If you were an early investor, your faith in that precious metal paid off. Here’s how gold prices have changed over time and how…
Happy Friday, merchants. Welcome to our weekly market summary, where we take a look back at these last five trading days focusing on the market news, economic data and headlines that had the biggest impact on the prices of gold and other key correlated assets, and that may continue to do so in the future….
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 $4,084.40 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…
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) were opened to $ 3,913.50 per ounce on Monday, 0.8% more than from Friday’s closure of $ 3,880.80. This is the first gold open over $ 3,900. The record price of Gold record coincides with the force in the stocks and bitcoin (BTC = F). On Friday, the S&P 500…
