Tag: Gold

Gold prices hit a record high, touching the $3,400 mark on Monday, as a faltering dollar and worries about a global economic slowdown over rising U.S.-China trade tensions kept safe-haven bullion in demand.

Ο χρυσός κατέγραψε νέα άνοδο καθώς οι αγορές προετοιμάζονται για την αύξηση των δασμών από τις Ηνωμένες Πολιτείες σε κινεζικά προϊόντα, έως και το 104%, μια κίνηση στην οποία το Πεκίνο αναμένεται να απαντήσει με αντίποινα, την ώρα που εξανεμίζονται οι ελπίδες αποφυγής ενός σφοδρού παγκόσμιου εμπορικού πολέμου.

Gold started the week with a fresh record high, ahead of President Donald Trump’s expected latest tariff barrage that’s heightened concerns of a global trade war.

Gold rose to a record high above $3,028 an ounce as an escalation in Middle East tensions underscored its haven appeal, and investors weighed data that fueled concern the US economy is slowing down.

UBS Group AG became the latest bank to raise its price outlook for gold on increasing chances of a protracted global trade war — a scenario that analysts expect will continue to drive investors to scoop up more of the ultimate haven asset.

Gold prices passed $3,000 an ounce for the first time ever, driven higher by a central bank buying spree, economic fragility worldwide, and President Donald Trump’s attempts to rewrite the rules of global trade by imposing tariffs on allies and strategic rivals.

Gold rallied toward a record as expectations for Federal Reserve rate cuts grow and traders ramp up bets on a second Donald Trump presidency.

Gold Fields on Thursday lowered its annual gold production forecast after bad weather impacted the ramp-up at its new Salares Norte mine in Chile, sending its shares down 8%.

Gold prices tumbled on Monday as investors weighed up fading geopolitical tensions eased and investor appetite swung towards stocks and other perceived riskier assets.

Spot gold prices rose to a new record high of $2,110.8 per ounce Monday before giving up some gains.

Gold and oil prices were falling early Thursday as tensions in the Middle East showed some tentative signs of calming.

Gold prices were modestly lower ahead of the release of jobs figures for July, which economists expected would show the U.S. labor market had continued to expand at a relatively robust pace.

Gold prices were slightly firmer Wednesday, trading at their highest levels since June, ahead of the release of the U.S. consumer-price index data that may give investors some insight into the future path of Federal Reserve interest rate rises.

Gold prices headed lower on Monday, after posting a gain last week, as traders awaited a Tuesday inflation report followed by the conclusion of the Federal Reserve’s June policy meeting on Wednesday.

Gold prices edged up Friday, leaving the yellow metal on track to score another weekly rise as the U.S. dollar softened and traders reassessed expectations for a Federal Reserve interest-rate hike next week.

(Bloomberg) — The US has sanctioned some of Russia’s biggest gold miners, as it imposes fresh penalties on the country’s metals and mining sector.

Gold prices traded lower again on Friday following two sessions of losses as a stronger U.S. dollar took some of the shine off the yellow metal, prompting some analysts to speculate about an end — or perhaps a pause — for what has been a multi-month rally.