Gold prices climbed to their strongest level in more than a week on Monday as renewed concerns over North Korea’s nuclear ambitions stoked safe-haven demand for the precious metal and weighed on the dollar.
Ahead of the coming week, Investing.com has compiled a list of these and other significant events likely to affect the markets.
Ahead of the coming week, Investing.com has compiled a list of these and other significant events likely to affect the markets.
Gold prices started the week on a downbeat note on Monday, as the dollar and Treasury yields continued higher amid optimism over the health of the U.S. economy and growing expectations of a Federal Reserve rate hike in December.
Gold prices extended losses from the prior session on Wednesday, as hawkish comments from Federal Reserve Chair Janet Yellen boosted expectations of a December rate hike.
Gold eased on Monday as the prospect of a fractured parliament in Germany following Chancellor Angela Merkel’s less than resounding election victory over the weekend knocked the euro lower.
Gold prices pushed higher on Friday, pulling away from the previous session’s four-week low as risk aversion escalated and the U.S. dollar fell amid heightened tensions on the Korean peninsula.
Precious metals including gold have been buoyed by the tensions in the Korean peninsula.
Gold slipped to its lowest level in over two weeks on Monday as the dollar and equities rallied, while prospects of monetary policy tightening in the United States ahead of a Federal Reserve meeting also weighed on the metal.
Gold held steady on Wednesday amid firmer equities and a softer dollar, with safe-haven demand for the metal supported after U.S. President Donald Trump urged tougher measures against North Korea.
Gold prices fell on Monday from the previous session’s 13-month high as relief that North Korea did not conduct a missile test over the weekend helped to lift global stocks, the U.S. dollar and bond yields.
Gold prices rose to the highest level in a year on Friday as the dollar remained under pressure amid doubts over prospects for a third Federal Reserve rate hike this year.
The new Royal Mint Lunar Dog coins dated 2018 are now available to purchase from Bleyer.
Gold clawed higher on Thursday after President Donald Trump agreed a deal with opposition Democrats to temporarily extend the U.S. debt limit, helping to weaken the dollar.
Gold is currently trading around $1,340 per ounce. It is up 2.45 percent over the past seven days. The current period of elevated uncertainty, both in terms of U.S. domestic policy and in foreign diplomacy, is supporting gold prices. Dollar weakness is also supportive.
Gold rallied Tuesday, as nervousness over North Korea’s weekend nuclear display, weakness in the dollar and broad losses in U.S. equities combined to push futures to the highest close in nearly a year.
Gold rallied to the highest level this year after North Korea fired a ballistic missile over Japan, boosting demand for havens amid escalating tensions between Pyongyang and the United States.
Gold prices are moderately higher and have pushed back above the key $1,300.00 level in early U.S. trading Monday.
Gold jumped to its highest since November on Tuesday, extending the prior day’s rally above $1,300 per ounce as investors bought bullion as insurance against falling prices of other assets after North Korea tested a ballistic missile over Japan.
The country’s central bank announced Wednesday it has completed a program to repatriate gold bars worth nearly $31 billion from storage locations in New York and Paris.
Germany’s central bank says it’s completed a plan to repatriate gold reserves it stashed abroad during the Cold War three years ahead of schedule.
Gold prices edged up on Wednesday, drawing some support from political uncertainty in the United States before a major central banking conference there this week.
Gold prices were little changed on Monday, as market players looked ahead to this week’s annual meeting of top central bankers and economists in Jackson Hole, Wyoming, where the heads of the U.S. and European central banks will be making keynote speeches.
Ahead of the coming week, Investing.com has compiled a list of these and other significant events likely to affect the markets.
Pay growth in the UK has started to edge up amid signs that the lowest unemployment since the mid-1970s may be boosting the bargaining power of workers.
London-listed stocks rose for a second straight session on Tuesday, as the pound tanked after data showed U.K. inflation unexpectedly stayed unchanged in July.
Gold prices on Tuesday suffered their steepest one-day drop in nearly six weeks, as data on retail sales and U.S. manufacturing came in better than expected and easing geopolitical tensions between North Korea and the U.S. undercut haven demand for the precious metal.
Gold prices are set to jump to a four-year high of $1,400 an ounce by the end of the year over mounting tensions between North Korea and the US, and surging demand in the world’s biggest consumers, according to the head of precious metals at a Russian investment bank.
Gold fell nearly 1 percent, down for a second day on Tuesday after better-than-expected U.S. economic data and easing tensions over North Korea encouraged investors to buy riskier assets, boosting stocks, the U.S. dollar and bond yields.
Panel set up by former chancellor George Osborne issues first ruling to fight ‘artificial and abusive’ avoidance schemes.