Gold prices fell, on Wednesday, as pressure from strong monetary policy concerns and rising bond yields outweighed the relief from the dollar's decline. This comes with the anticipation of central banks' moves to counter inflation, which has hit record levels…
Continue ReadingGold prices declined during trading today, Friday, July 15, 2022, to continue their path of the fifth consecutive weekly decline. The continued rise in the dollar and fears of higher US interest rates affected the demand for the yellow metal.…
Continue ReadingConsumer inflation in the United States has reached its highest annual rate since 1981. Consumer prices in the United States rose 9.1 % in June, the largest annual increase in more than four decades, as gasoline, food, and rent remained…
Continue ReadingGold prices rose marginally during trading today, Wednesday, July 13, 2022, and hovered near their lowest level in 9 months. This comes at a time when investors are awaiting the monthly US inflation data; Looking for clues on the way…
Continue ReadingGold prices drop about $3, during trading today, Wednesday, July 6, 2022, but it remained near the lowest level in 7 months. This comes as the dollar rose to its highest level in two decades, as investors continued to neglect…
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