Due to risk aversion and growing forecasts of rate reduction by the Federal Reserve, gold reached a new record high of $3,000 per ounce on Friday. Following the EU’s 50%
Early on Monday, growing deflationary pressures in China compounded growth concerns from a faltering U.S. economy and a smouldering global trade war, causing Wall Street futures to plummet and the
While investors anticipated U.S. non-farm payrolls data that was coming later in the day, gold marginally increased on Friday and was set for a weekly increase as the dollar declined
Due to high demand, the Perth Mint said on Friday that sales of its gold products increased in February while sales of its silver products increased 16% over the previous
A little rebound in the U.S. dollar and rising Treasury rates damaged gold on Thursday as investors anticipated U.S. nonfarm payroll data to gauge the Federal Reserve’s interest rate trajectory
The euro remained strong ahead of the European Central Bank policy meeting, and Asian equities increased Thursday as investors hoped that trade tensions would subside following U.S. President Donald Trump’s
Gold’s recent advances were halted on Wednesday as it fell below $2,910 an ounce due to pressure from rising US Treasury rates. Due to demand for safe haven assets after
