Tag: GCM23
-
Gold down a third straight session on dollar strength, despite U.S. debt-ceiling impasse
[ad_1] Gold futures tallied a third consecutive session decline on Wednesday, settling at their lowest in nearly a week as further strength in the U.S. dollar pressured prices for the precious metal. Gold gave up early gains that had been driven by uncertainty surrounding a U.S. debt-ceiling deal in Congress. Price action Gold futures for…
-
Gold tallies a third straight weekly decline on overall strength in the U.S. dollar
[ad_1] Gold prices finished higher on Friday, after the most-active contract settled at its lowest level in about nine weeks a day earlier, but still tally a third-straight weekly loss. Investors weighed prospects for a deal on the U.S. debt-ceiling in the coming days and also eyed strength in the U.S. dollar to gauge haven…
-
Gold retreats, adding to losses from worst week since February
[ad_1] Gold prices headed lower on Monday, adding to last week’s losses, as traders waited to see how the debt-ceiling debate in Washington would shake out — while a stronger U.S. dollar has eaten away at some of the yellow metal’s gains. Price action Gold futures for June delivery GC00, -0.36% GCM23, -0.36% were off…
-
Gold retreats as rally’s momentum wanes
[ad_1] Gold prices were trading lower again on Tuesday after eking out a modest gain a day earlier. Price action Gold futures for June delivery GC00, -0.71% GCM23, -0.71% declined by $12, or 0.6%, at $2,010 per ounce on Comex. July silver SI00, -1.47% SIN23, -1.47% shed 34 cents, or 1.4%, to $23.96 per ounce.…
-
Gold futures head lower with focus on debt-ceiling talks
[ad_1] Gold prices traded lower on Monday, though seesawed between losses and gains for part of the session, as investors looked to debt-ceiling talks this week that may or may not yield a resolution. Price action Gold futures for June delivery GC00, +0.14% GCM23, +0.14% declined by $1.30, or nearly 0.1%, to $2,018.50 per ounce…
-
Zimbabwe is launching gold-backed digital tokens: What you need to know
[ad_1] Zimbabwe is looking to gold to “expand value-preserving instruments,” launching a gold-backed digital currency last week as the nation suffers from hyperinflation and its currency continues to diminish in value. The move is an “interesting experiment to see if locals will warm up to a more stable currency and trust the nation’s central bank…
-
Gold, silver climb as JPMorgan wins auction for First Republic business
[ad_1] Gold and silver prices climbed on Monday following JPMorgan Chase & Co. JPM winning an auction to take over troubled First Republic Bank’s business and deposits, as much of Europe celebrated the May Day holiday. Price action Market drivers Precious metals prices are up, with silver seeing especially pronounced gains, following the government takeover…
-
Gold futures head lower, pare their gain for the month
[ad_1] Gold futures head lower on Friday, pressured by strength in U.S. dollar, with prices still struggling to move past the psychological $2,000 mark and looking to post a modest gain for the month. Price action Market drivers Traders are in wait-and-see mode as they look for more insight into whether the Federal Reserve will…
-
Gold rebounds a day after dipping below $2,000 per ounce
[ad_1] Gold futures advanced Tuesday after back-to-back losses saw prices briefly dip below $2,000 an ounce a day earlier, for the first time in a week. Price action Gold for June delivery GC00, +0.68% GCM23, +0.68% climbed by $5.60, or 0.3%, to $2,012.60 an ounce on Comex. May silver SI00, +0.94% SIK23, +0.94% traded at…
-
Gold and silver trade near highest in a year as Fed rate-cut expectations persist
[ad_1] Gold and silver futures trade just shy of the highest level in a year on Thursday as a weaker U.S. dollar and expectations that the Federal Reserve may cut interest rates this year have boosted precious-metals prices. Price action Market drivers After briefly touching their highest levels in more than a year earlier in…