March silver futures pinned $2.921, or 10.85%, to $29.835 per ounce at 12:53 GMT on Monday on the New York Mercantile Exchange’s COMEX division. The white metal had sold as high as $30.35 before trimming some of its massive profits. Silver is coming off a weekly gain of approximately 6% and a monthly weight of …
April gold futures raised $21.40, or 1.16%, to $1,859.30 per ounce at 15:48 GMT on Friday on the New York Mercantile Exchange’s COMEX division. Gold will post a weekly advance of 0.2% and a January slip of around 2.2%. Silver, the relative commodity to gold, is rising for the second continuous session. March silver futures …
Gold And Silver Increase on the NYMEX’s COMEX division. Read More »
March copper futures fell $0.012, or 0.33%, to $3.614 per pound at 13:49 GMT on Monday on the New York Mercantile Exchange. The red metal is getting off a moderate weekly increase of 0.3%. This increases its growth in the first month of the calendar year to just under 3%. Over the last 12 months, …
Copper Drops As The New Coronavirus Outbreaks In China Read More »
Monday has placed investors in a celebratory mood and supporting them to take riskier moves. Consequently, more risky assets (like crude oil) rallied, while more reliable assets (such as gold) failed. The Asian stocks showed a broad-based rally throughout the Asian trading session on. Market analysts consider, though, that the commodities may still convert their …
The yellow metal is getting off a weekly loss as bullion prices hit a strengthening US dollar. Gold was also affected by President-Elect Joe Biden’s stimulus, and relief spending plans that investors think lawmakers will not allow a large portion. In these unsettled times, where is the precious metal directed? February gold futures turned on …
The precious metal’s fall was increased by producer prices growing less than anticipated. But gold prices may have narrowed their losses following the Federal Reserve announced that it would not be exiting from its accommodative monetary management strategy anytime soon. February gold futures plunged $23.60, or 1.27%, to $1,827.80 per ounce at 15:39 GMT on …
After small profit-taking, investors start to make new bets to begin 2021, expecting the red metal to exceed gold this year. March copper futures elevated $0.0495, or 1.39%, to $3.614 per pound at 16:13 GMT on Tuesday on the COMEX division of the New York Mercantile Exchange. Copper has sustained the drive from last …
COPPER INCREASES BY 1% WITHIN A LOWER U.S. DOLLAR Read More »
Gold is rallying principally on reiterated fiscal incentive and relief expectations, triggering inflation concerns. But a strengthening US dollar put a cover on the metals market. February gold futures rose $14.80, or 0.81%, to $1,850.10 per ounce at 15:55 GMT on Monday on the New York Mercantile Exchange’s COMEX division. Gold prices are coming …
February gold futures rose $48.20, or 2.54%, to $1,943.30 per ounce, at 12:42 GMT on Monday on the New York Mercantile Exchange’s COMEX division. Gold prices are logged their most extensive yearly performance since 2010, graduating about last year. Silver, the sister commodity to gold, is also pinning on the first trading session …
This pointed to a greater risk appetite in the wider financial markets, reducing the dollar and making metal commodities more affordable for foreign investors. February gold futures climbed $13.20, or 0.7%, to $1,896.40 per ounce at 13:43 GMT on Monday on the New York Mercantile Exchange’s COMEX division. Gold prices are getting off a weekly …
Silver Soared On Inflation Woes, While Gold Retested $1,900 Read More »
The yellow metal had been wavering within positive and negative territory during the session as financial markets weigh the U.S. COVID-19 stimulus package, the new COVID-19 strain in the U.K., and a strengthening U.S. dollar. January gold futures fell $1.80, or 0.21%, to $1,884.70 per ounce at 16:49 GMT on Monday on the New York …
Gold Fights For Direction Within U.S. Fiscal Stimulus Read More »
Opec and Energy ICE Brent started the day yesterday on quite a positive note. However, it did not last as later that evening after OPEC further revised down its demand estimates for 2021; thus, all the gains lifted in the morning gave up and went crumbling down. The organization lowered the demand growth estimates to …
Gold held losses as oil gained slightly in commodities on Thursday. Tight races in key battleground states in the United States election left investors groping for certainty concerning the U.S. presidency. In precious metals, copper and gold responded to the roller coaster movement of the dollar. The bullion was swinging between a gain of about …
Gold Slides while Oil Recovers as US Vote Count Continues Read More »
There is nothing that could make metals shine better than a benign dollar. Gold and silver prices are at an all-time high while the dollar is on a two-year low. The US Dollar Index fell by 0.52% to 93.365, with a forecasted GDP contraction at around 35%. Gold futures experienced a 0.19% hike, now at …
The dynamics of the copper market continues to have a focus on the risk of a decrease in the supply of metal in the main producing countries. It has led to a drop in inventories available in metal exchanges. On the other hand, a weaker US dollar makes copper more attractive for buyers using other …
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