TAG: gold and silver price
Gold prices inch upwards despite Middle East tension; spot silver rises 1.8%
Gold prices strengthened due to geopolitical unrest in the Middle East, driving demand for safe-haven assets, on Wednesday. However, hopes for U.S. interest rate cuts waned, limiting further gains. As of 9:40 a.m. ET (1340 GMT), spot gold increased by...
5 months ago
Gold slips to one-month low despite weak US jobs data; silver declines 1.3%
Despite weaker-than-anticipated U.S. jobs data, gold plummeted to its lowest point in a month on Friday, continuing a correction phase following last month's impressive surge. Investors opted to cash in profits amidst easing geopolitical tensions. As o...
5 months ago
Gold recovers as traders await US Federal Reserve policy decision, silver rises 1%
Gold prices bounced back on Wednesday amid growing caution preceding the U.S. Federal Reserve's policy announcement later in the day. Additionally, a retreat in the dollar and U.S. Treasury yields spurred some opportunistic buying. As of 10:06 a.m. ET (...
5 months ago