Report

rss

Iraq News

Kurdistan

Economy

World

All News

Gold prices rose today Thursday

Category: Economy

Date: 2021-01-07T10:11:53+0000
Gold prices rose today Thursday

Shafaq News/ Gold prices rose today, Thursday amid violence and political uncertainties in the US and after Democrats gained majority in the US Senate.

Gold advanced in spot transactions to more than $ 1900 an ounce during the session. And US gold futures rose 1% to 1927 dollars.

Gold tumbled more than 2% on Wednesday, hit by a rebound in the dollar as U.S. Treasury yields surged, with investors betting on a Democrat win in the U.S. Senate runoff elections in Georgia.

 The 10-year U.S. Treasury yield rose above 1% for the first time since March, increasing the opportunity cost of holding non-interest bearing gold.     

 With investors expecting more fiscal stimulus as the Democrats lead in runoff votes that will determine control of the U.S. Senate, gold remains underpinned as an inflationary hedge.            

Other metals followed gold's slide.

 Silver fell 2% to about $27.00 an ounce, while platinum rose 1104 $, while Palladium stood at $2454.

related

PRECIOUS-Gold firms as dollar stalls; investors await U.S. data

Date: 2021-04-15 08:47:50
PRECIOUS-Gold firms as dollar stalls; investors await U.S. data

Gold prices slide as Turkey upheaval buoys U.S. dollar

Date: 2021-03-22 09:08:12
Gold prices slide as Turkey upheaval buoys U.S. dollar

Gold prices in the Iraqi local markets today

Date: 2021-02-11 09:10:32
Gold prices in the Iraqi local markets today

Gold rises as the dollar decline

Date: 2020-09-25 10:07:40
Gold rises as the dollar decline

Gold prices in the Iraqi local markets today

Date: 2021-03-01 11:29:01
Gold prices in the Iraqi local markets today

PRECIOUS-Gold retreats as dollar firms, Treasury yields gain

Date: 2021-01-14 09:44:40
PRECIOUS-Gold retreats as dollar firms, Treasury yields gain

Gold prices rise in Iraq

Date: 2021-04-15 10:30:41
Gold prices rise in Iraq

Gold prices in the Iraqi local markets today

Date: 2021-03-22 09:31:10
Gold prices in the Iraqi local markets today