Gold Recovers Part of Its Losses
10 Articles
10 Articles
Gold Trades Near Seven-Week Low as Rate-Hike Pressure Mounts
Gold edged higher after touching a more than seven-week low on Monday as a selloff of US Treasuries stabilized, even as expectations remained high the Federal Reserve will keep tightening policy to rein in inflation.
Gold prices held steady near their lowest level in more than seven weeks on Tuesday, with spot gold showing little change at $4,124.57 per ounce by 0140 GMT, after hitting its lowest point since August 5 in the previous session. U.S. gold futures fell 0.3% to $4,156.70, according to Reuters. Among other precious metals, silver fell 0.6% to $60.62, platinum dropped 1% to $1,699.86, and palladium declined 0.5% to $1,209.08.
www,finanzasdigital.com Gold quotations advanced 1.1% in the spot market this Tuesday to be located at $4,158.28 per ounce, recovering land after reaching...
Gold price today: Why is gold near a 7-week low as oil prices rise? - THE LOCAL REPORT ARTICLES
Gold prices moved slightly higher on Tuesday, but remained close to a seven-week low. Gold had suffered a sharp fall in the previous session, dropping about 4%, as investors reacted to higher oil prices and rising US Treasury yields. Gold prices remain near a seven-week low as oil prices and US Treasury yields rise. (pexel) ...
Yesterday was what could be called a "black Monday" for gold. The price of gold per ounce fell by 4%, but is seeing a slight increase today. Investors are wondering about the latest situation in gold, asking "Will gold fall or rise?"
Gold Recovers Part of Its Losses
Marsad Al Dahab reported a modest rise in gold prices in Egypt and on the global market on Tuesday, following sharp losses on Monday that sent the ounce to its lowest level in more than seven weeks. The recovery came as higher oil prices and US Treasury yields continued to fuel concerns about inflation and the possibility of another interest rate increase.
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