Tag: us dollar

Gold sees some relief
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GOLD SEES SOME RELIEF AS DOLLAR RESISTS 20-YEAR HIGH

Gold sees some relief as Dollar resists 20-year High The price of gold recovered a little on Tuesday, taking some relief because the dollar showed resistance and dropped from the top of 20 years, although the Hawkish signal from the Federal Reserve still burdened the market. Gold at the point increased by $ 1,738.55 per […]

Gold Reached 1-Month Low, Hawkish Fed Worries
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GOLD REACHED 1-MONTH LOW, HAWKISH FED WORRIES

Gold prices dropped and reached a 1-Month low on Monday as hawkish Fed worries. On the other side copper price also fell due to the weak industrial data from China. The price of spot gold dropped 0.7% to $ 1,726.06 per ounce, while gold futures fell 0.7% to $ 1,727.50 per ounce by22:20 ET (02:20 […]

GOLD DECREASED BY FED UNCERTAINTY
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Dropdown in Gold Prices Witnessed

FED uncertainty leads to dropdown in gold prices! Gold prices further fell on Monday as uncertainty persisted on the monetary adjustment path of the Federal Reserve, while copper prices fell on more manufacturing problems in China- a crucial importer. The price of gold spots dropped 0.1% to $ 1,745.46 per ounce, while Gold futures dropped […]

Gold Reaches a One-Year low
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Gold Reaches a One-Year low

Due to the rise in the US dollar index and prospects of more aggressive interest rate hikes, gold reaches a one-year low on Thursday.   The price of Spot gold fell about 0.2% to $1,693.90 per ounce by 0052 GMT. While in August 2021 the price was trading at $1691.40 per ounce. The dollar stayed below […]

oil dropped and dollar increased
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Oil Dropped and Dollar Increased

As COVID-19 outbreaks in China, demand for crude oil is reduced, and increasing fears of global recession resulted in prices of oil dropped and dollar increased.    The euro also lost its base on Tuesday and traded near parity with the US Dollar. On the other hand stock markets fell sharply in the light of […]