Report

rss

Iraq News

Kurdistan

Economy

World

All News

Gold is on the rise again

Category: Economy

Date: 2021-05-27T07:50:41+0000
Gold is on the rise again

Shafaq News/ Gold prices steadied near the $1,900-per-ounce level on Thursday as investors awaited key economic readings out of the United States, while a firmer dollar weighed on bullion prices.

Spot gold was up 0.1% at $1,901.50 per ounce by 0657 GMT, after hitting its highest since Jan. 8 at $1,912.50 on Wednesday.

The dollar index rose to a one-week high against rivals, making gold more expensive for holders of other currency.

Market participants now await the monthly U.S. personal consumption report on Friday to gauge inflationary pressure. U.S. gross domestic product and jobless claims numbers are due later in the day.

Federal Reserve officials have recently downplayed rising price pressures and affirmed their support to keep monetary policy accommodative for some time.

Elsewhere, palladium rose 0.5% to $2,757.06 per ounce, silver was steady at $27.68, and platinum gained 0.3% to $1,194.55.

Source: Reuters

related

Iraq's gold reserves remain the world's 39th despite volatile market toward 2021's end

Date: 2022-01-08 07:04:23
Iraq's gold reserves remain the world's 39th despite volatile market toward 2021's end

Gold slips on robust dollar and anticipation of bank meetings

Date: 2020-09-09 08:54:56
Gold slips on robust dollar and anticipation of bank meetings

Gold prices stabilize in the Iraqi capital today

Date: 2022-06-04 09:23:41
Gold prices stabilize in the Iraqi capital today

Gold prices drop in Iraq today

Date: 2021-09-06 11:15:10
Gold prices drop in Iraq today

PRECIOUS-Virus worries lift gold ahead of key U.S. jobs data

Date: 2021-07-01 06:44:55
PRECIOUS-Virus worries lift gold ahead of key U.S. jobs data

Gold climbs as dollar, Treasury yields weaken

Date: 2021-10-19 06:27:07
Gold climbs as dollar, Treasury yields weaken

PRECIOUS-Gold on back foot as firm U.S. dollar weighs

Date: 2021-03-29 10:00:31
PRECIOUS-Gold on back foot as firm U.S. dollar weighs

Gold prices inch up in the Iraqi capital today

Date: 2022-02-24 09:20:49
Gold prices inch up in the Iraqi capital today