By Administrator_India Capital Sands Gold prices touched a near six-week low on Monday, extending losses from the previous session, as a stronger dollar and higher U.S. Treasury yields pressured the non-yielding bullion. Spot gold fell as much as 1.7% to $1,816.53 per ounce, its lowest since Dec. 2, and was down 0.7% at $1,835.96 by …
Gold
Gold slips as lockdown easing plans lift risk appetite
By Administrator_India Capital Sands Gold fell on Tuesday as risk appetite was boosted by plans of some countries to ease coronavirus curbs in a phased manner, but prices held above the key $1,700 per ounce level amid hopes for more stimulus to cushion the fallout from the pandemic. *Spot gold eased 0.7% to $1,702.09 per …
Gold’s Powerful Rally Has Bulls Setting Their Sights on $1,800
By Administrator_India Capital Sands Gold extended a rally to hit the highest level in more than seven years on concern that the coronavirus pandemic will have a devastating effect on the global economy, hammering corporate earnings while supercharging demand for havens. Bullion has soared as the outbreak tipped economies into recession and spurred central banks …