Category Archives: news

GOLD PRICES REBOUNDS ON NORTH KOREA CONCERNS,

On Friday Gold rebounded from a four-week low as the latest twist in tensions between the United States and North Korea prompted investors to seek safe-haven assets. Gold prices regained some ground on Friday, pulling away from the previous session’s more than three-week lows as threats from North Korea encouraged investors to flock to safe-haven assets. Bullion was down 1.7 percent for the week and was headed for a second weekly decline.U.S. gold futures .

GOLD RATE SUBSIDING TO THE LOWEST LEVEL

Early on Monday Gold slipped to its lowest level in over two weeks amid a firmer dollar, while prospects of monetary policy tightening in the United States ahead of the Federal Reserve’s two-day meeting starting on Tuesday alsoweighed on the metal. Gold is highly sensitive to rising U.S. interest rates,which increase the opportunity cost of holding the non-yielding asset while boosting the dollar, in which the metal is priced. Spot gold was down 0.2 .

Gold Sluggish Dollar Rise To 1-Year High

Gold prices held just below their highest level in around a year on Friday,as the dollar sagged on the back of weaker-than-expected U.S. jobs data and the euro firmed.and weak economic data lowered expectations of a December interest rate rise in the United States.   Spot gold was down 0.1 percent at $1,347.8 by 3:43 p.m. EDT (1943 GMT) after hitting $1,357.54, its highest since August 2016. It was up 1.7 percent this week, .