US EditionGold Rebounds Above $5,180 as Oil Plunge Pressures US Dollar
5 Articles
5 Articles
The April futures contract for the precious metal closed 2.71% higher, at US$5,242.1 per troy ounce.
Gold rebounds above $5,180 as Oil plunge pressures US Dollar
The post Gold rebounds above $5,180 as Oil plunge pressures US Dollar appeared on BitcoinEthereumNews.com. Gold price (XAU/USD) rallies on Tuesday as the US Dollar (USD) retreats after Oil prices edge lower, reflecting the Greenback’s close correlation with crude. At the time of writing, XAU/USD trades at $5,187, up more than 0.50%. XAU/USD gains as crude drops sharply on hopes the Iran conflict may ease Geopolitics continues to drive price acti…
Gold, silver prices surge as falling oil prices ease inflation concerns
New Delhi: Gold and silver prices posted strong gains on Tuesday as the US dollar softened, and energy prices fell on signals from President Donald Trump that the conflict in the Middle East could be nearing an end. MCX gold April futures gained 1.15 per cent to Rs 1,62,150 per 10 grams around 12.15 pm on an intraday basis. Meanwhile MCX silver May futures gained 3.68 per cent to Rs 2,77,000 per kg. In international markets, spot silver climbed…
During the US trading session (night of March 10th), world gold and silver prices surged amid news of easing tensions in the Middle East; while the USD and oil prices fell.
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