A decrease of the indicator value may contribute to the rise in quotes of Silver, Gold and the fall in quotes of USD.
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Silver struggles to hold critical support at $36 an ounce as gold consolidates near $3,300 per ounce. However, Bernard Dahdah, analyst at Natixis, notes that silver may continue rising as it breaks away to forge its own path.
1 July
According to Citi's forecast, gold prices will stabilize between $3,100 and $3,500 per ounce in the third quarter of this year. Recently, the precious metal has been declining due to easing Middle East tensions and improving global economic growth prospects.
1 July
Gold prices under pressure as trading slows and geopolitical tensions ease
Amid sluggish trading activity and reduced geopolitical risks, gold prices are facing downward pressure this week, testing key support levels. However, analysts at Kitco News suggest that sustained central bank demand for bullion could mitigate further declines in the precious metals market.
30 June
Gold prices reversed course on Monday on the back of a weaker dollar, heading upward. A 0.2% drop in the US dollar index made bullion cheaper for holders of other currencies and helped restore interest in the yellow metal.
30 June
A decrease of the indicator value may contribute to the fall in quotes of Gold.
27 June
An increase of the indicator value may contribute to the rise in quotes of USD and the fall in quotes of Silver, Gold.
27 June
An increase of the indicator value may contribute to the rise in quotes of USD and the fall in quotes of Silver, Gold.
27 June
Gold prices fell for second consecutive week — Reuters
On Friday, gold prices recorded their second weekly decline due to a stronger US dollar and easing of geopolitical tensions between Iran and Israel. Today, gold prices fell to $3,291 per ounce. Over the current week, bullion prices have dropped by 1.7%.
27 June
BMO Capital Markets’ outlook for the third quarter suggests that gold prices will remain close to the current level through the summer. However, analysts expect prices to rise to $3,600 per ounce in the fourth quarter.
26 June
Gold prices saw a slight increase on Thursday amid a weakening dollar. The main influence came from comments made by US President Donald Trump regarding the imminent announcement of a successor to Federal Reserve Chair Jerome Powell.
26 June
Gold is not just glitter and beauty, but also a key asset in the financial sector.
Gold appears to be something more than just a metal. It is an indicator of economic stability and a tool for managing finances.
Staying up-to-date with the latest gold news is a key to successful management of your funds.
Events impacting the gold market
- Global economic fluctuations. When the global economy changes, the price of gold is likely to react. The focus here is on seeking stability when faced with uncertainty.
- Political risks. Conflicts and political events can affect the demand for gold, too. The metal often serves as a safe-haven asset in tumultuous times.
- Real-time news. Exchanges are constantly reporting on current gold prices. Keep an eye on such news to stay informed.
- Economic reports. The release of economic reports and data can cause fluctuations in gold prices.
- Dollar influence. Pay attention to the dollar, as sometimes its exchange rate can have an impact on gold prices.
Gold in investment and finance
- Investing in gold. Many people choose the yellow metal as a long-term asset.
- Safety and confidence. Gold is considered to be a relatively "risk-free" asset that can add more stability to your portfolio.
Why follow gold news?
- To make better decisions. Knowing about the latest news helps in making informed investment decisions.
- To minimize risks. Keeping up with the news allows you to react quickly to changing market conditions.
