Gold is higher this week with the precious metal rallying 4.74% to close at $1280 on Friday, its largest weekly gain in nearly 2 years. The advance comes amid a larger correction in the U.S. Dollar which came under tremendous pressure mid-week after the release of the minutes from the latest FOMC meeting and subsequent comments from FED
You might be interested in …
Brent near 3-month peak
Brent crude steadied around three-month highs on Thursday, supported by expectations the Federal Reserve will keep its stimulus programme to aid the U.S. economy, while a sharp decline in crude inventories lifted U.S. oil to […]
Gold rallies as dollar sinks
Gold for August delivery (CNS:GCQ3) climbed $39.40, or 3.2%, to $1,286.60 an ounce in electronic trade. The signal that the Fed will likely maintain an accommodative policy stance boosted gold prices, as quantitative easing by […]
Gold above 1180/oz
Gold above 1180/oz Gold XAUUSD is trading again in positive territory today for ninth session in the last eleven. US Dollar retracement was seen benefiting dollar-denominated commodities. The price is trading above the 50h MA […]
Latest Posts
