Gold prices slipped again Friday with the yellow metal erasing a little more of a rally that started late last month after the Federal Reserve announced its latest interest rate Read more
Tag: Copper Sep 2022
Goldman slashes gold and silver forecasts as traders wait for CPI data
Gold prices fell on Wednesday ahead of crucial consumer price inflation data, while investment bank Goldman Sachs slashed its forecasts for the precious metal, along with silver, citing increased focus Read more
Gold holds above $1,800 as investors await inflation report
Gold inched higher in early trading on Tuesday, holding above the $1,800 per ounce level as the most-active contract continued to march higher after three consecutive weeks of gains. Price Read more
Gold prices retreat from one-month high as yields, dollar rebound after strong U.S. jobs report
Gold prices came off a one-month peak on Friday, trading lower as the U.S. jobs report showed employers hired far more workers than expected in July, pushing Treasury yields and Read more
Gold hits near one-month high as yields, U.S. dollar retreat
Gold climbed to nearly a one-month high on Thursday buoyed by a pullback in the U.S. dollar and Treasury yields, as investors awaited Friday’s July employment report report which may Read more
Pelosi’s visit to Taiwan rattles global copper markets, but slowing growth in China still the bigger worry
Copper prices fell for the third straight day on Wednesday as tensions between the U.S. and China flared as House Speaker Nancy Pelosi wrapped up her visit to Taiwan, an Read more
Gold, silver extend rally after best week since March
Gold and silver prices continued to climb on Monday after cementing their best weekly performance since March. Price action Gold futures GC00, +0.45% GCZ22, +0.45% for December delivery gained $6.70, Read more
What’s in store for commodities after losses in July?
The pullback in most commodity prices in July, with wheat and oil among the decliners, might be an indication that inflation will soon reach its peak, and some commodities could be Read more
China’s real estate crisis will cause a more severe downturn in iron ore prices: Goldman Sachs
A severe surplus in the iron-ore market caused by the renewed pressure in China’s property market will sink prices of the commodity over the second half of the year, Goldman Read more
Gold rebound pauses after snapping five-week losing streak
Gold futures were essentially flat early on Monday after snapping a streak of five weekly losses, while the U.S. dollar continued its retreat and Treasury yields were only marginally higher. Read more
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