Report

rss

Iraq News

Kurdistan

Economy

World

All News

Gold slips on robust dollar and anticipation of bank meetings

Category: Economy

Date: 2020-09-09T08:54:56+0000
Gold slips on robust dollar and anticipation of bank meetings

Shafaq News / Gold prices fell on Wednesday, as the dollar’s ​​rise caused by the decline in global stocks, while investors awaited monetary policy strategies from central banks this week.

Spot gold fell 0.3% to 1925.97 dollars an ounce by 06:16 GMT. And gold in US futures fell 0.5% to $ 1933.80.

The dollar index rose near its highest level in a month, putting pressure on the yellow metal's appetite. But gold received some support with the decline in Asian stocks, following a sell-off led by shares of technology companies on Wall Street yesterday, forcing investors to resort to safe havens.

Investors are currently awaiting the results of the European Central Bank's policy meeting scheduled to take place tomorrow. While major policy steps are not expected as the bank has moved aggressively to support the virus-ravaged economy, investors will await the bank's inflation forecast.

As for the other precious metals, platinum fell 0.1% to $ 900.57 an ounce, Silver fell 0.2% to $ 26.65 an ounce, while palladium rose 0.5% to $ 2284.75.


related

PRECIOUS-Gold dips on firm dollar, mixed Fed signals; focus on U.S. data

Date: 2021-06-24 07:48:13
PRECIOUS-Gold dips on firm dollar, mixed Fed signals; focus on U.S. data

Gold rises against faltering dollar ahead of U.S. Senate Stimulus vote

Date: 2020-12-29 09:00:24
Gold rises against faltering dollar ahead of U.S. Senate Stimulus vote

Gold prices drop as US dollar rises

Date: 2020-08-19 07:30:35
Gold prices drop as US dollar rises

Gold eases as dollar rises

Date: 2020-10-15 08:43:11
Gold eases as dollar rises

PRECIOUS-Gold hovers near $1,900/oz as dollar, yields dip after U.S. data

Date: 2021-06-11 07:34:57
PRECIOUS-Gold hovers near $1,900/oz as dollar, yields dip after U.S. data

PRECIOUS-Gold inches higher from over 4-month low as dollar weakens

Date: 2020-11-25 10:03:01
PRECIOUS-Gold inches higher from over 4-month low as dollar weakens

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 drop as dollar recovers

Date: 2020-08-11 08:11:17
Gold prices drop as dollar recovers