Gold

NEWS DESK

Gold Surges; Bitcoin Gains Momentum – Century Financial 

PR News Desk 18/10/2024

Gold surged above $2,700 an ounce for the first time as investors flocked to safety amidst rising geopolitical tensions and a tight U.S. presidential election race. Israel declared it killed Hamas leader and vowed to continue fighting until all hostages seized by Hamas were released.

NEWS DESK

Gold Prices Climb as Investors Brace for Election 

PR News Desk 17/10/2024

The ADX General is advancing slightly to 9,312.08 in Abu Dhabi. International Holding Co. PJSC contributed the most to the index gain, increasing 0.4%. Bank of Sharjah had the largest increase, rising 2.9%.The DFM General Index is falling 0.4% at 4,467.84 in Dubai. Emirates NBD Bank PJSC contributed the most to the index decline, decreasing […]

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How high can gold and silver rally? – Saxo Bank MENA

PR News Desk 16/10/2024

Gold’s record-breaking rally continues, and following another shallow mid-month correction that saw buyers return ahead of USD 2,600, spot bullion has returned to trade just below the USD 2,685 record reached last month. The precious metal market has witnessed an unprecedented strong uptrend this past year, with gold and silver both trading up close to […]

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Bitcoin and Gold Both Poised for Growth – Century Financial

PR News Desk 16/10/2024

Bitcoin (BTC), the world’s largest cryptocurrency by market value, surged over 3% to reach $67,200 on Wednesday, its highest level since July, driven by investor enthusiasm and political developments in the US. Market optimism was fueled by strong participation in Trump-backed WLFI tokens and anticipation of crypto-friendly regulations as the US presidential elections

NEWS DESK

Gold Faces Sixth Consecutive Decline Amidst Strengthening Dollar – Century Financial

News Desk 09/10/2024

Gold is trading lower for the sixth straight session on Wednesday. The greenback has rallied in recent days amidst expectations of a more moderate pace of policy easing by the Fed. The markets are now expecting 50 bps of rate cuts in 2024, down from 75 bps just two weeks ago. There is an 87% […]

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Gold Prices Surge as Middle East Tensions Boost Safe-Haven Demand – APM Capital Market Report – Mark Pussard, Head of Risk

PR News Desk 02/10/2024

Commodities Gold Prices jumped 1% as safe-haven demand spurred by an escalation in the Middle East conflict, along with lower US bond yields pushed back prices near last week’s record highs. Gold Futures for December delivery was up 0.82% or 21.75 to $2,681.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in […]

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Gold Prices Surge 1% as U.S. Consumer Confidence Hits New Low – Century Financial

PR News Desk 25/09/2024

Gold prices surged over 1% in yesterday’s trading session after the U.S. consumer confidence data fell unexpectedly in September to 98.7, marking the biggest drop since August 2021. The decline is attributable to concerns about the labour market. The percentage of consumers reporting a robust job market decreased for the seventh consecutive month to 30.9%, […]

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Financial Markets Weekly Recap: US Labour Data Attracted Most Investors’ Attention

PR News Desk 23/09/2024

The US labour market was a significant focus for investors, with the August nonfarm jobs repor as the most awaited data. The report confirmed signs of a softening US labour market, starring a drop in the unemployment rate from 4.3% to 4.2% by a clear softening trend in new jobs added and several downward revisions. […]

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With gold reaching new heights, silver shows potential – Saxo Bank

PR News Desk 17/09/2024

Gold’s record-breaking rally continues, with spot bullion now approaching USD 2,600 per troy ounce, reflecting a year-to-date gain of over 25%. This surge means a standard 400-troy-ounce gold bar (around 12.4 kilograms or 27.4 pounds), commonly traded internationally and used by central banks, now costs over USD 1 million, up from USD 725,000 last October. […]

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Gold Prices Dip Awaiting Fed Decision; Oil Prices Rise Amid Central Bank Anticipations – Century Financial

PR News Desk 17/09/2024

Oil prices finish higher despite weak China data and gear up for a week of ‘amplified’ volatility: Oil futures rose Monday as traders shook off another round of lackluster data from China to focus on upcoming decisions by global central banks during a week that’s likely to see “amplified” volatility.Oil prices were steady on Tuesday, […]

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Gold Hits Record High as Dollar Weakens; Oil Prices Steady Amid US Disruptions – APM Capital Market Report

PR News Desk 17/09/2024

Commodities Gold prices charged to a record high on Monday as a weaker dollar and the prospects of aggressive U.S. monetary policy easing boosted non-yielding bullion’s appeal. Spot gold was up 0.1% at $2,579.09 an ounce after a record peak of $2,589.59. Oil prices consolidated recent gains on Monday as ongoing disruption to US Gulf […]

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Oil drops on hurricane impact, gold hits record, bitcoin falls ahead of Fed meeting

PR News Desk 16/09/2024

It’s the Epicenter of U.S. Gas Exports, and a Hurricane Magnet: When Francine slammed southern Louisiana, it became the latest storm to hit near an area that has become the epicenter of U.S. LNG exports. Oil falls after back-to-back gains on storm disruptions, still settles higher for the week: Oil futures finished with a loss […]

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Gold reached an all-time high, while silver rallied above $30 – Saxo Bank

PR News Desk 16/09/2024

Commodities: Gold prices reached new all-time highs, increasing by 0.77% to close at $2,577.70. Silver also saw a significant rise, climbing 2.81% to $30.72, driven by a declining dollar and lower Treasury yields ahead of the FOMC policy meeting next Wednesday, where rate cuts are widely anticipated. Over the week, gold surged more than 3.5%, […]

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Accelerating Fed Rate Cut Optimism Boosts Gold to Fresh Record Highs

PR News Desk 13/09/2024

On Thursday, the price of gold hit yet another record high as investors became increasingly optimistic about the future decline in global interest rates. With the second rate cut in three months by the European Central Bank (ECB), the spot price of gold soared to $2,567 per troy ounce, up 1.5% from Wednesday. In a […]

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US Election: Will Gold win in all scenarios? – Saxo Bank

PR News Desk 10/09/2024

Gold’s recent strong performance, with a 20% rise year-to-date and a high of USD 2,531.75 in August, has been driven by a combination of factors that have made it an attractive investment. There are several reasons that the post-election environment could continue to support the gold price, which has handily outperformed the S&P 500 index […]

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Gold Edges Up 0.4% Ahead of US Inflation Data

PR News Desk 10/09/2024

Gold edged up 0.4% in yesterday’s trading session as markets focus on tomorrow’s US inflation data, which could offer insight into the Federal Reserve’s next move on rate cuts. Currently, the market is pricing in a 129% probability of a full rate cut, with a 29% chance of an additional cut, bringing the implied rate […]

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Oil Slumps 8% and Gold Declines Following U.S. Jobs Data – Century Financial

PR News Desk 09/09/2024

Oil prices drop 8% for the week, pressured by prospects of a slowdown in demand: Oil futures fell sharply on Friday to post a weekly drop of about 8%, with global benchmark prices settling at their lowest since 2021, driven by worries over a slowdown in demand. OPEC+ delaying its oil-output increase won’t solve ‘pervasive’ […]

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Gold prices have surged above $2,500 per ounce, fueled by expectations of Fed rate cut – Noor Capital

PR News Desk 09/09/2024

Oil PerformanceCrude oil prices hit new lows of the year: The S&P Global Commodity index has also hit new lows of the year, driven in part by WTI crude oil prices, which are now around $68 per barrel. The selloff in oil and commodities also reflects the fears of a demand slowdown globally, particularly in […]

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Can gold overcome the ‘September curse’? – Saxo Bank

PR News Desk 05/09/2024

Gold continues to trade cautiously around USD 2500, and in doing so, is trying to break the cycle of negative September returns, a seasonal trend which has seen gold trade lower in all but one of the last ten Septembers. Having suffered a setback to, but not through, support at USD 2470, the yellow metal […]

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What’s behind gold’s recent dizzying decline? – Noor Capital

PR News Desk 04/09/2024

Gold traded below 2,500 per ounce on Tuesday, as the precious metal, which was formerly associated with stability and prosperity, has been steadily declining. Recent weeks have seen a sharp decline in gold prices, mostly due to the US dollar’s steadfast growth. In the financial markets, the inverse relationship between gold and the US dollar […]