Gold and silver prices fell on Monday as traders assessed expectations of rate cuts by the US Federal Reserve. Meanwhile, oil prices were steady as loadings have restarted at the Russian export hub of Novorossiysk, a Black Sea port, following a two-day pause caused by a Ukrainian attack. Prices of base metals were also in
Gold prices slipped to a one-week low on Tuesday as traders scaled back on their expectations of interest rate cuts by the US Federal Reserve. Silver prices were also lower, tracking losses in the yellow metal. The metal also fell below $50 per ounce on COMEX to a one-week low. Meanwhile, oil prices, after having
Most non-agricultural commodities rose on the last day of the week with gold consolidating above the crucial mark of $4,000-per-ounce. Oil prices also climbed on Friday after spending most of the week in the red. Prices are set for second straight weekly losses. Base metal prices rose as investors resorted to bargain-buying after most contracts
After a few weeks of sideways movements and directionless trading, gold bulls have regained control as prices rose more than 1% on Monday. “After weeks of tight sideways movement, Gold (XAU/USD) has finally broken out of its $3,901.50–$4,059.55 consolidation range, reclaiming its bullish footing and reawakening buyers who’ve been waiting for directional confirmation,” Jasper Osita,
All major commodities were in the green on Monday as gold hit two-week high on US rate cut hopes. Silver prices also surged by more than 3%, tracking gains in the yellow metal. Meanwhile, oil prices rose as well due to optimism that the US government shutdown will potentially end. Base metals were also higher
Barrick Mining announced on Monday an increase in its dividend and an expansion of its share buyback program. This followed the company reporting an adjusted quarterly profit that surpassed estimates. Stronger gold prices contributed to the positive results, helping to counterbalance a decrease in production. According to interim CEO Mark Hill, the Canadian mining company
Oil prices rose slightly on Tuesday as concerns over the latest US sanctions on Russian supply raised fears among investors. Meanwhile, gold prices continued to rise with investors betting on the US Federal Reserve to cut interest rates at their next meeting. Silver also gained on Tuesday, tracking the movement in gold prices. Silver actually
Gold held steady as investors awaited the US House vote on a government reopening deal, which could clarify economic data and the Federal Reserve’s potential path for rate cuts. Silver prices rose nearly 2% on Wednesday as the rally in precious metals overshadowed gold’s gains. Meanwhile, oil prices fell sharply on concerns over an impending
Gold prices have been on the rise since the start of the week, and analysts indicate that the yellow metal may build on its recent gains. Gold prices on COMEX rose for a fifth consecutive session on Thursday to hit its highest level in more than three weeks. At the time of writing, the COMEX
Silver’s rise in the last few sessions has overshadowed gold, with prices hitting yet another record high on Thursday. Experts believe the correction in silver prices has ended, and the current rally has more room to run. Silver prices on COMEX have risen more than $6 since last week, and were trading at a record