Gold

NEWS DESK

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

News Desk 1 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,

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

News Desk 1 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

News Desk 1 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

News Desk 1 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

News Desk 1 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

News Desk 1 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

News Desk 1 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

News Desk 1 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

News Desk 1 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

News Desk 1 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

News Desk 1 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

News Desk 1 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 […]

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Oil rises but hits lows; gold rebounds on weaker dollar  – Saxo Bank MENA

News Desk 1 26/08/2024

Commodities WTI crude oil futures rose 2.49% to $74.83 per barrel, while Brent crude futures increased 2.33% to $79.02 per barrel. Despite these gains, both benchmarks hit their lowest levels since early January due to a significant downward revision in U.S. job growth estimates. Morgan Stanley predicts a surplus in oil supply by 2025 as […]

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Oil Futures Fall for Third Session; Gold Hits Record High Amid Rate Speculation – APM Capital Market Report

News Desk 1 21/08/2024

Mark Pussard, Head of Risk, APM Capital Commodities Oil futures posted a loss for the third straight session Tuesday, with prices marking their lowest finish in two weeks dragged down by worries about a slowdown in global energy demand and risk-off sentiment in the U.S. market, coupled with Easing Middle East tensions and hopes for […]

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Weekly Market Report – While gold captured the spotlight, other precious metals exhibited mixed performance

News Desk 1 19/08/2024

The past week has witnessed a notable rebound in equity markets, with the S&P 500 and the Canadian TSX surging over 6.5% and 5%, respectively, from their August 5 lows. This resurgence appears to be primarily driven by two key factors: a continued moderation in inflation and a resilient economic performance, particularly in the United […]

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Oil Surges 3% on Middle East Tensions; Gold Hits One-Week High as Wall Street Remains Cautious – APM Capital Market Report

News Desk 1 13/08/2024

Commodities Oil prices jumped by more than 3% on Monday, rising for a fifth consecutive session on expectations of a widening Middle Eastern conflict that could tighten global crude oil supplies. Global benchmark Brent crude futures settled higher at $82.30 a barrel, gaining $2.64, or 3.3%, its biggest percentage gain for a single trading session […]

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Oil Prices Extend Gains; Gold Set for Weekly Decline as U.S. Stocks Edge Higher – APM Capital Market Report

News Desk 1 12/08/2024

Mark Pussard, Head of Risk, APM Capital Commodities Oil prices continued their week-long upward momentum on Friday, snapping a four-week losing streak, with Brent crude futures increasing to $79.66 a barrel. Similarly, US West Texas Intermediate (WTI) crude futures prices rose to $76.18 per barrel. Both contracts gained around 3.70% and 4.50%, respectively, this week. […]

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Gold fell by 0.12% to $2,443 per ounce – Saxo Bank MENA

News Desk 1 05/08/2024

Commodities: Gold fell by 0.12% to $2,443 per ounce, reversing from earlier highs due to midday selling pressure. Initially, prices had risen due to a drop in Treasury yields and the US dollar, influenced by expectations of aggressive rate cuts. Oil prices also declined, with WTI crude dropping by 3.66% to $73.52 per barrel and […]

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Widespread commodities decline in July, with gold as the notable exception  – Saxo Bank MENA

News Desk 1 02/08/2024

The month of July, normally a relatively quiet period of the year across markets, ended up being nothing but quiet. During the month, US politics were rocked by the assassination attempt on Trump, followed by President Biden announcing that he would not seek re-election, instead passing on the baton to Kamala Harris. Elsewhere in China, […]

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US Stocks Plunge, NASDAQ Tumbles 3.64% Amid High Trading Volume; Gold and Oil Prices See Gains – APM Capital Market Report

News Desk 2 25/07/2024

Mark Pussard, Head of Risk, APM Capital Wallstreet market U.S. stocks closed sharply lower Wednesday in one of the worst trading days of the year. Tesla led the way with a 12.3 % fall. Alphabet lost 5.03 %, while Nvidia closed with a 6.8 % loss. The Standard and Poor’s 500 closed at 5,427.13, falling […]