Gold prices touched a more than 3-month peak on May 17, boosted by a fall in U.S. Treasury yields and concerns over a resurgence of coronavirus in Asian countries. Analysts see a bullish outlook for the yellow metal due to fears over rising inflation. Gold broke above resistance at $1,850 and traded at $1,853.06 per […]
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Gold prices jumped to a seven-week peak on April 16 boosted by softening U.S. Treasury yields and a weaker dollar, and underpinned by inflationary worries after higher-than-expected consumer prices data in the United States. Gold was up 0.8 percent to $1,779.07 per ounce on April 16, after touching $1,783.55, its highest since February 25. The [...]Continue Reading
Gold traded little changed in mid-March, underpinned by a huge U.S. stimulus package, with analysts divided over the near-term price outlook for the yellow metal after prices recovered from a nine-month low last week pressured by rising bond yields. With stimulus cheques going out to Americans following the passage through Congress of U.S. President Joe [...]Continue Reading
Gold edged lower on higher U.S. Treasury yields in mid-February, with sentiment mixed over the near-term outlook for bullion prices. Gold, which bears no yield, was down 0.26 percent to $1,819.90 per ounce on February 15, after U.S. Treasury yields surged to a near 11-month high on February 12. Gold was losing its “safe haven” [...]Continue Reading
Gold erased initial gains after the inauguration of President Joe Biden, pressured by a firmer dollar while being supported by its appeal as a hedge against inflation due to a proposed U.S. $1.9 trillion stimulus package. Gold was down 1 percent at $1,851.50 per ounce on January 22, weighed by the strengthening dollar, which can [...]Continue Reading
Surging cases of coronavirus, boosting prospects for emergency economic stimulus measures, are pushing up gold prices despite progress in the international rollout of vaccines. Expectations of further U.S. stimulus measures by the U.S. Federal Reserve (central bank) to assuage the impact of coronavirus on the livelihoods of millions of Americans, combined with optimism over efforts [...]Continue Reading
Gold prices slipped in mid-October, pressured by a stronger dollar as prospects faded for a new economic stimulus deal before the November 3 presidential election in the United States. The dollar’s appeal to investors as a safe haven during the pandemic has grown, and has made dollar-denominated gold more expensive to savers and investors holding [...]Continue Reading
Gold appears set to remain well-supported due to historically low interest rates, quantitative easing, and fiscal and political concerns, despite optimism that the U.S. economy will recover quicker than expected. Gold slipped as the dollar rose on September 17 after the Federal Reserve (U.S. central bank) signalled it expected the recovery of the world’s largest [...]Continue Reading
Gold prices retreated in mid-August after hitting an all-time high, taking a breather after a rally seen by many analysts as “too far, too fast.” However, after consolidating, gold seems poised to renew gains, supported by the havoc reaped by coronavirus on the global economy, which is set to trigger more monetary stimulus. […]
Continue ReadingGold held above key support at $1,800 per ounce in mid-July and eyed further potential gains due to its safe-haven appeal. Gold’s potential to rise further is due to fears over a possible second wave of coronavirus cases; expectations for more monetary stimulus to kickstart economies, and deteriorating U.S.-China relations. Donald Trump signed an executive […]
Continue ReadingFears of a second wave of coronavirus, stoked by Beijing’s crackdown after a surge in cases, are supporting gold. Gold prices held above $1,700 an ounce in mid-June, underpinned by news of the cluster of new cases around a food market in the Chinese capital. The number of cases of the novel coronavirus has also […]
Continue ReadingGold prices hit a more than three-week high in mid-May, buoyed by worsening tensions between the United States and China, and seem set to rise further underpinned by central bank stimulus. Gold was at $1,737.50 per ounce on May 15, its highest level since April 23, benefiting from its safe haven status due to rising […]
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