Source: Written by Arundhati Sarkar for Reuters Dec 21 (Reuters) – Gold prices eased in a tight range on Wednesday as the U.S. dollar firmed, although bullion was not far from a one-week high scaled in the previous session as traders looked ahead to impending economic data later this week. Spot gold XAU= fell 0.2% to $1,813.23 per ounce by 0957 GMT,…
by Tyler DurdenMon, 08/03/2020 – 13:22 When looking at the torrid market performance in July, Deutsche Bank’s Jim Reid notes that silver (+35%) had its best month since December 1979 while the dollar the worst for a decade. US equities had a good month in spite of rising virus caseloads due to a strong earnings season…
Amid rising U.S.-China tensions and worsening COVID-19 crisis, precious metals have become attractive and more appealing to investors. Gold has skyrocketed to an all-time high nearing $2,000 per ounce while silver has jumped to the highest level of nearly $25 in seven years. The weakness in the U.S. dollar against major global currencies also raised…
Investors continue to find the Equity markets attractive even with no end in sight to the China and Brexit negotiations. With investors feeling confident that their investments are in good shape, safe haven investments like Gold and Bonds can be overlooked at this time. But let us not forget that in 2018 market sentiment flipflopped…
Posted on June 20, 2019 by Pat Heller A standard pattern for the past several years has been for the prices of precious metals to be suppressed in the 24-48 hours before the Federal Open Market Committee makes their announcements at the end of their meetings held every six weeks. The US government, through its primary trading…
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