Gold futures edged higher Monday, looking to build on last week’s rise as investors continue to monitor bond yields and the U.S. dollar. “Hammered by [U.S. dollar] strength and the backup in rates, gold’s multi-month downtrend is forming a base that recently embraced the support at $ 1,680, paving the way …
Read More » Gold futures were heading sharply lower Wednesday morning, as U.S. Treasury yields resumed their rise and the dollar firmed, following the first gain for the precious metal in six sessions on Tuesday. Gold for April delivery on Comex GC00, -1.45% GCJ21, -1.45% was down $ 25.60, or 1.5%, to trade at …
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Gold prices on Friday were set to take a pause from a recent series of gains that have taken it to around a six-week high, but the precious metal was on pace for its third consecutive weekly advance. Precious metals have been partly supported by central banks that have vowed …
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IRAs can invest in gold and other precious metals in several different ways — each way has advantages and disadvantages. Photo by David Gray/AFP via Getty Images The stock market is at levels that might be considered frothy, especially in these uncertain times. Some IRA owners and investors may be …
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Gold futures declined in Wednesday dealings, with the precious metal relinquishing some of the modest recovery from the previous session amid a trifecta of headwinds: a stronger U.S. dollar, rising stocks and higher bond yields. “Higher yields in the US are continuing to provide some support for the dollar which, …
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Martin Abbugao/Agence France-Presse/Getty Images Gold futures traded higher Thursday, lifted as the U.S. dollar slumped and investors watched results of the U.S. elections that appeared more likely to deliver a split government. Gold for December delivery GCZ20, +2.40% was up $ 32.30, or 1.7%, at $ 1,928.50 an ounce, while …
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Gold futures were headed lower on Friday, with bullion on track to book its fourth decline in five sessions, potentially cementing the asset’s worst weekly slide in about six months. “Most of the sell-off in the gold price is primarily down to the strength in the dollar index that we …
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Gold futures fell on Friday, but headed for weekly gain in the wake of turbulent patch of trading for global equities. “The precious metal remains supported by low-to-negative government bond yields, rising coronavirus cases in the United States and a tired U.S. dollar,” said Lukman Otunuga, senior research analyst at …
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Gold futures were headed lower Tuesday as investors turned to U.S. dollars with global stocks sinking amid concerns about lofty valuations for highflying, technology-related stocks which had led the rally in equities amid the COVID-19 pandemic. Gold has come under pressure as “the dollar wrestles [to] break its downtrend and …
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