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, has compiled a list of these and other significant events likely to affect the markets.
Ahead of the coming week, 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.
How North Korea Is Acting on Gold -Wednesday, September 20, 2017
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.
Royal Mint Lunar Year Of The Dog Coins -Monday, September 11, 2017
The Royal Mint's new lunar year of the dog coins are now available to purchase through 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 Above $1,300.00, More Upside Likely -Wednesday, August 30, 2017
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.