XAG/USD Dips Below $66.00 and Hints at a Bearish “H&S”
5 Articles
5 Articles
XAG/USD dips below $66.00 and hints at a bearish “H&S”
Silver (XAG/USD) nudges lower on Monday, hitting session lows in the mid-$65.00s after a reversal from the $68.00 area. Precious metals are struggling on Monday, as US Nonfarm Payrolls (NFP) figures beat expectations last Friday, boosting hopes that the US Federal Reserve (Fed) will hike rates next week, although the market awaits Friday’s Consumer Price […]
Gold and Other Precious Metals Slide at Start of Trading Week
WASHINGTON: Gold prices continued to decline at the start of the trading week, with spot gold falling 0.5% to $4,405.47 per ounce. The precious metal had also recorded a 1% decline on Friday. Meanwhile, US gold futures for December delivery fell 0.5% to $4,452.20 per ounce. The broader precious metals market also remained under pressure. […]
Gold extended its losses as stronger-than-expected US employment growth, combined with escalating tensions in the Middle East, boosted expectations that the Federal Reserve may even move on to raising interest rates from next week. The price of the precious metal fell as much as 0.9 percent, temporarily falling below the $4,400 per ounce level, before recovering some of the losses. Gold fell 1% in the previous session, following the release of d…
Gold prices retreat Spot gold fell 0.5% to $4,405.47 per ounce. US gold futures also dropped 0.5% to $4,452.20. In the markets, strong...
Gold started the new week at $4,410 per ounce, while gold per gram started at 6,867 TL.
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