Gold Sees Biggest Single-Day Gains Since February
16 Articles
16 Articles
Gold sees biggest single-day gains since February
New York: Gold prices rose to their highest level in almost seven weeks on Wednesday and were on track to post the biggest daily growth since February due to lower Treasury yields.Spot gold climbed 4.4% to $4,265.85 per ounce by 1650 GMT, having hit $4,258.99, its highest since June 18, and broken above the 50-day moving average, which now supports it at $4,160.US gold futures for December delivery rose 4% to $4,317.40 per ounce.
Gold Surges as the Debt Reckoning Begins
This post Gold Surges as the Debt Reckoning Begins appeared first on Daily Reckoning. It was a good day for gold bugs. As of midday gold was +4% to $4,266/oz. Silver popped +4.3% to $63/oz. The GDX gold miner ETF rose +6.99%. The SILJ junior silver miner ETF was +6.2%. Let’s take a quick peek...
Gold, silver prices today: Comex gold jumps $173, silver hits $63 as US-Iran peace hopes lift sentiment
Gold and silver prices rose for a second session due to optimism over US-Iran diplomatic negotiations, easing inflation concerns. Comex gold reached $4,325 while silver climbed to $63. A weaker US dollar also supported demand for these precious metals.
Gold Prices Jump Above $4,300 an Ounce Amid U.S.-Iran Negotiation Hopes
Gold futures rallied sharply during trading on the Chicago Mercantile Exchange (CME), rising 3.6% from the previous close to an intraday high of $4,302.30 per ounce, according to data from Trading Economics. Gold Reaches Highest Level Since June The precious metal climbed to its strongest level since June 18, extending gains as investors responded to geopolitical developments and growing expectations of progress in negotiations between the Unite…
Future gold contracts closed in strong high this Tuesday (4) in the midst of signs of diplomatic advances between the United States and Iran, although the asset still remains traded within a restricted price range. The prospect of a reopening of the Strait of Ormuz, after the statements of the Secretary of the American Treasury, Scott Bessen, led the oil to display a strong fall and the interest of the Treasurys to fall, giving continuity to the…
Gold rebounds fast, but one technical wall still blocks the road to $5,000
Gold climbed to a seven-week high on Thursday, extending a four-session advance as hopes of progress over the Strait of Hormuz weakened the dollar, pulled Treasury yields lower and revived demand for bullion. Spot gold rose 0.5% to $4,265.22 an ounce by 3.30 am GMT after touching its highest level since June 18. US gold futures gained 0.5% to $4,324.60. Wednesday’s 4.4% surge was the metal’s strongest daily performance since February, underlinin…
Coverage Details
Bias Distribution
- 80% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
