(Reuters) – Gold price reached its lowest since early July losing 2% on Monday as U.S. manufacturing data came better than expected. The yellow metal price dropped sharply as the strong economic data from the … Continue reading
(CNBC) - Gold bulls hard-hitting shoved the case for the yellow metal as an alternate to an embattled U.S. dollar in the middle of still fragile financial development and nationwide liability of over $17 trillion, … Continue reading
(Reuters) – On Thursday, gold hit its highest in three weeks, mainly on uncertainty about the Feds timing of slowing their bond purchases pace. The USD is still under pressure, and SPDR gold ETFs holdings … Continue reading
The selling pressure on gold continues today. Moreover, the relatively weaker demand on physical gold from Asia added salt to the wound. Comex gold futures for August delivery was down by $11.60 to be traded … Continue reading
“Stan” is an Indo-Iranian suffix that means Land, added to a state name to identify which land is it. An ancient and large ethnic group lives in the land of deserts and mountains on the … Continue reading
Precious metals expert in National Bank of Dubai said that gold price chances to withstand at $1,400 are too low. Gerhard Shcubert, head of the precious metals at Emirates NBD, said in his weekly commentary … Continue reading
The US nonfarm payrolls report came out. Investors interrupted this data differently, but gold was under selling pressure after its release. Comex gold future for July delivery was down by 2.04% to be traded at … Continue reading
The US trade deficit rose to $40.3 billion in April from $37.1 billion recording an increase by 8.5%. This increase in the trade deficit was from Chinese imports after the holydays. It was forecasted that … Continue reading
Gold prices are a bit lower today, Tuesday, after yesterday’s gains. A slightly stronger USD and a technical pullback are behind these slightly lower prices. Comex gold futures for August delivery lost $14.30 of its … Continue reading
The strong USD index is putting pressure on gold price. After the solid gains from yesterday, a corrective movement is in place. Comex gold futures for August delivery was down by $16.40 to be traded … Continue reading