Tag: Gold

Gold prices fell more than 3% on Monday, extending losses after a sharp weekly decline, as elevated oil prices, rising Treasury yields and expectations for further Federal Reserve rate hikes kept pressure on bullion.

Gold prices extended gains on Monday, hovering around $4,650 an ounce and moving further into three-month-high territory as concerns over U.S. fiscal risks and Treasury efforts to contain longer-term borrowing costs continued to support demand for bullion.

Gold prices fell on Tuesday as higher U.S. Treasury yields and rising oil prices weighed on bullion, while traders awaited minutes from the Federal Reserve’s July meeting for fresh clues on the interest-rate outlook.

Global investors reached for classic safe-haven assets Monday, driving gold, silver, and the U.S. dollar higher, as President Donald Trump’s ousting of Venezuela President Nicolás Maduro added a new element of geopolitical risk to markets early in the new year.

Gold rose to an all-time high above $4,500 an ounce on escalating tensions in Venezuela and expectations for more US rate cuts. Silver and platinum also advanced to records.

Activist hedge fund Elliott Management has built a large stake in Barrick Mining, according to people familiar with the matter, after the world’s second-largest gold producer struggled to capitalise on a blistering bullion rally.

Switzerland is proposing that its gold industry builds a refinery in the United States or increases its processing capacity there as part of a plan to reduce U.S. trade tariffs, according to two people familiar with the matter.

The price of gold fell by the most in three months as investors bet that a tariff on bullion entering the U.S. was less likely, and haven demand for the metal waned on hopes for a Ukraine-Russia ceasefire.

U.S. gold futures surged to a record on Friday after a report that Washington has imposed tariffs on imports of 1-kg bullion bars, widening the spread between New York futures and spot prices.

 Gold dropped more than 1% to touch a two-week low on Tuesday, after U.S. President Donald Trump’s announcement of a ceasefire between Israel and Iran diminished bullion’s safe-haven appeal.

Platinum rose to the highest in two years and is on track for a weekly gain of over 10%, the biggest such advance in more than four years.

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.