The prices of precious metals dropped on Monday, with gold decreasing by 2.4%, as the United States dollar strengthened and investors shifted away from safer assets after US President-elect Donald Trump's expansionary fiscal outlook. Anticipation of key economic data releases this week also...
The price of gold briefly reached a new record, selling for $2,790.15 per ounce as investors focused on the recent developments in the ongoing crisis in the Middle East, the presidential election in the United States, and the prospects of potential new rate cuts by the Federal Reserve.After reaching a...
The prices of precious metals rose on Tuesday after Hezbollah named Naim Qassem its new leader, cooling off the hopes of de-escalation of the crises in the Middle East. Meanwhile, investors awaited the newest figures on home prices and job openings in the United States and assessed what those...
The prices of precious metals rose on Monday after Israel and the United States voiced concerns that Iran could attack the former country, seemingly turning traders to safer investments such as those in gold.Gold increased by 1.61% at 2:23 pm ET to sell for $2,469.61 per ounce. At the same minute,...
The prices of precious metals continued to grow on Thursday after the United States posted a new decline in initial jobless claims, signaling that the country might avoid recession, leading to a rise in the 10-year Treasury yield. The news seemingly encouraged traders, who went on to invest in the...
The prices of precious metals increased on Thursday as investors assessed the latest rise in mortgage applications in the United States and awaited the reports on initial jobless claims and inflation in that country, with the latter scheduled for the coming week, while trying to figure out how that would...
The prices of precious metals advanced on Monday, with palladium surging by more than 4% as Apple Inc. announced the production of its new M5 semiconductor that will be embedded in the new lines of Mac gadgets. Additionally, it was reported that ByteDance Ltd. and Broadcom Inc. are...
The prices of precious metals decreased on Wednesday as investors assessed the latest report on mortgage applications in the United States and awaited the one on house sales in an effort to determine if the Federal Reserve will cut its interest rate at the next monetary policy meeting or...
The prices of precious metals rose on Monday after the release of weaker-than-expected economic data in the United States last week, leaving the commodities again as a safe haven for investors.
According to the country's Institute for Supply Management (ISM), US manufacturing activity...
The prices of precious metals continued to decrease on Monday as the United States Federal Reserve hinted the discussions on cutting the key interest rate could happen later rather than sooner, discouraging those interested in investing.
Silver slumped by 2.00% at 12:03 pm ET to sell for $22.51 per...
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