Fri, March 29, 2024

Palladium Trading

Gold

Gold ticks up as Russia sanctions unnerve markets

On Tuesday, Gold futures increased as traders digested the impact of sanctions imposed by Western countries against Russia. The safe-haven yellow metal edged up 0.94% or 17.80 points to $1,918.55. It reversed its loss of 0.60% to $1,900.70 during the previous session. Then, the Spot Gold increased 0.67% or 12.69 points to $1,921.86. It followed …

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Gold and challenges

Gold Fell on Thursday But What About Other Precious Metals?

The price of gold or yellow metal, as some people call it, declined on Thursday morning in Asia, extending its losses after falling the most in two months. Investors continue to analyze a more hawkish-than-expected position from the Federal Reserve amid hints of “imminent” interest rate hike.  On Wednesday, the central bank indicated it could …

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Gold and other precious metals

Price of Gold Jumped on Monday Morning

Gold strengthened its position on Monday morning in Asia, while U.S. Treasury yields benefited from hawkish signals from the U.S. Federal Reserve. Moreover, markets are beginning to price in a sooner-than-anticipated reduction in the central bank’s balance sheet.  Gold futures gained 0.16% to $1,819.40 by 11:36 PM ET (4:36 AM GMT). Moreover, benchmark 10-year U.S. …

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Gold

Gold Futures Gained 0.1% Thanks to a Combination of Factors

Gold strengthened its position on Wednesday morning in Asia. Investors shifted their attention to U.S. inflation data after Federal Reserve’s Chairman Jerome Powell set a less hawkish tone and reiterated that the central bank would tackle inflation. Gold futures rose 0.01% to $1,818.75 by 11:39 PM ET (4:39 AM GMT). The U.S. currency, which usually …

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