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Gold Surpasses $5200 Level for the First Time with Dollar Decline
SadaNews Economy - Gold surpassed the $5200 mark today, Wednesday, for the first time in its history, after it jumped by more than 3% in yesterday's session, supported by a decline in the U.S. currency to its lowest levels in nearly four years, amid ongoing geopolitical concerns and ahead of the...
Gold Rises to Record Level Amid Transatlantic Trade Escalation
SadaNews - Gold prices have reached a new record level, while silver has fallen from its all-time high, fueled by U.S. President Donald Trump's efforts to acquire Greenland, raising concerns about the potential outbreak of a trade war between the United States and Europe.
The price of gold in...
Gold Stabilizes Amid Anticipation for U.S. Job Data Following Venezuela Tensions
SadaNews - Gold prices stabilized as traders looked beyond the tensions in Venezuela toward a busy series of economic data in the United States.
The bullion was near $4440 an ounce after rising 2.7% in the previous session, following the arrest of Venezuelan leader Nicolas Maduro.
Uncertainty...
Gold Prices Rise to $4,129 per Ounce
SadaNews - Silver prices have reached a new record level above $52.50 per ounce, strengthened by a "historical short squeeze" in London, which added momentum to a rising trend fueled by increased demand for safe assets.
Spot prices rose by 0.4% to reach $52.5868 per ounce in London, sur...
Gold Prices Approach $4,000 an Ounce
SadaNews - Gold prices have reached a new record level, approaching $4,000 per ounce, amid increasing uncertainty caused by the U.S. government shutdown and the political crisis in France.
Gold rose to $3,977.44 an ounce after a jump of 1.9% on Monday. The suspension of federal activities that be...
Gold Prices Rise Amid Increasing Demand for Safe Haven
SadaNews - Gold has recorded a new record level at the beginning of the week, approaching the threshold of 4,000 dollars per ounce, benefiting from investors' demand for safe havens amid the ongoing government shutdown in the United States.
The precious metal rose to 3,932.02 dollars per ounc...
Stability in Gold Prices After Record Surge
SadaNews - Gold prices stabilized following a five-day surge that saw consecutive record highs, coinciding with the start of the government shutdown in the United States, while traders increased their bets on interest rate cuts by the Federal Reserve after weak private sector employment data.
Spo...
Gold Price Exceeds Recent Gains Supported by Market Expectations for Interest Rate Cuts
SadaNews - The price of gold maintained its recent gains, surpassing the $3700 per ounce mark for the first time ever, supported by market expectations for interest rate cuts in the Federal Reserve meeting on Wednesday.
The precious metal traded near $3694 per ounce on Wednesday morning, only abo...
Stability of Gold Price Near Its Record Levels
SadaNews - The price of gold remained stable near its record levels, while investors are awaiting U.S. inflation data that could bolster expectations for interest rate cuts by the Federal Reserve.
The price of gold remained largely unchanged at around $3,635 per ounce, after surpassing $3,674 on...