Gold and silver held firm on Friday, 20 February, with investors gravitating toward safe-haven assets amid rising Middle East tensions and military mobilization by both Iran and the US, despite the US Dollar Index being on course for its biggest weekly surge since October. The April futures contract on Comex jumped $71 per troy ounce…
Investors flocked to precious metals for the second straight session on Thursday, 19 February, as rising geopolitical tensions kept demand for safe-haven assets elevated. Investors also evaluated the Federal Reserve’s monetary policy path. Extending its winning run to a second day, the April futures contract on Comex gained another $31.4 per troy ounce to hit…
Gold price today: Precious metals regained momentum in Wednesday’s trade, as investors awaited the release of the minutes from the Federal Reserve’s most recent policy meeting, the US Core PCE number, and speeches by several Fed officials to gauge clues on US monetary policy. After falling to a weak low in the previous trading session,…
Gold price today: Safe-haven assets came under sharp selling pressure on Tuesday, 17 February, as a strengthening US dollar made greenback-priced commodities more expensive for holders of other currencies, while easing geopolitical tensions also lowered demand for precious metals. In addition, holidays in major markets hit liquidity, keeping metal prices under pressure. The April futures…
Gold price today: Both gold and silver are trading lower in Monday’s session as investors appear to be booking profits after recent gains, while the strengthening US dollar is also keeping safe haven assets under pressure. After closing last week with a 1.35% surge, the April futures contract on Comex dropped $65 per troy ounce…
Safe-haven assets made a strong comeback on 13 February in Friday’s session, as softer US inflation data reinforced expectations of Federal Reserve rate cuts, while a weaker US dollar is also supporting precious metals recovery. After falling $150 in the previous session, the April futures contract on Comex rebounded $81 per troy ounce to reach…
