Silver futures settled at a 13-month high on Monday, outpacing strength in gold, which saw prices eke out only a modest gain.
Rising geopolitical worries on the back of Iran's seizure of a British-flagged tanker, as investors look for major central banks to ease policy, provided support for the precious metals.
September silver rose 21.6 cents, or 1.3%, to settle at $16.411 an ounce ” logging the highest finish for a most-active contract since June 22, 2018, according to FactSet...
The dollar held recent gains on Monday as investors tempered some of their expectations for deep U.S. interest rate cuts this month and heightened Middle East tensions supported safe-haven assets.
While currency market focus will mostly center on global central bank decisions scheduled for the next two weeks, investors are also watching for any developments in U.S.-China trade negotiations.
Markets generally expect central banks to either cut rates or keep policy accommodative, starting with...
Gold prices rose on Monday in Asia after landing a second-straight week of gains as traders expect a U.S. rate cut this month.
Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange inched up 0.1% to $1,427.75 by 12:15 AM ET (04:15 GMT).
The yellow metal was supported by IMF™s comments that the U.S. dollar is overvalued, and U.S. President Donald Trump™s call for lower interest rates.
On Friday, the President accused the Federal Reserve of...
Gold futures hovered near unchanged Monday, in consolidation mode after hitting a six-year high last week but underpinned by rising geopolitical worries after Iran seized a British-flagged tanker and as investors look for major central banks to ease policy.
Gold for August delivery on Comex was up 10 cents, or less than 0.1%, at $1,426.80 an ounce, while September silver rose 21.5 cents, or 1.3%, to $16.41 an ounce.
But the analysts expect gold prices to stagnate over the remainder of the...
Hong Kong stocks opened lower Monday morning following a negative lead from Wall Street on fading hopes for a deep Federal Reserve interest rate cut.
The Hang Seng Index eased 0.53 percent, or 153.12 points, to 28,612.28.
But the benchmark Shanghai Composite Index edged up 0.05 percent, or 1.59 points, to 2,925.79 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.14 percent, or 2.26 points, to 1,562.53.
Source : AFP