Hints and tips:
...Gold extended its gains despite Fed chair Jay Powell saying that the central bank’s job in bringing down inflation was “not yet done”....
...Gold reached an all-time high, rising as much as 1.9 per cent to a peak of $2,075.09 a troy ounce, surpassing the previous intraday peak it had set in August 2020....
...Fed chair Jay Powell warned on Friday that the central bank could increase rates further but added that policy was already in “restrictive territory”....
...Elsewhere in markets, gold prices rose 0.6 per cent to $2,083.7053 a troy ounce after earlier jumping as much as 3.1 per cent to a record....
...Fed chair Jay Powell warned on Friday that the central bank could increase rates further but added that policy was in “restrictive territory” already....
...The price of gold, which has rallied more than 8 per cent since Hamas’s attack on Israel on October 7, fell 0.6 per cent to $1,980.58 a troy ounce....
...Gold rallied as much as 3 per cent to $2,135 per troy ounce on Monday, a new record, before slipping to $2,025 per troy ounce, according to LSEG data....
...On Thursday, Fed chair Jay Powell said the geopolitical tensions sparked by the Israel-Hamas war “pose important risks to global economic activity”....
...Bullion rallied as much as 2 per cent to $2,111 per troy ounce this morning, a fresh all-time high, before slipping to $2,064 per troy ounce, according to Refinitiv data....
...The dollar weakened 1.1 per cent against a basket of peers while gold added 0.4 per cent to $2,035 per troy ounce. Additional reporting by Stephanie Stacey in London...
...Gold gained 2.1 per cent to $1,676.60 per troy ounce. That also spurred gains for mining groups Anglo American, jumping 11.1 per cent, and Rio Tinto, up 7.6 per cent in London....
...In real terms, the all-time high gold price was actually hit in 1980 when it exceeded $800 per troy ounce, says Marrone....
...Gold, which typically advances during periods of uncertainty, rose as much as 1.2 per cent to $1,998 a troy ounce, reaching its highest level in more than a month, before falling back to $1,977, a 0.1 per...
...Brent crude nudged up 0.7 per cent to $73.22 a barrel, gold sank 0.4 per cent to $1,811 a troy ounce and the dollar traded flat against a basket of its peers....
...Gold was trading up about 1.4 per cent at $1,821 a troy ounce....
...Gold fell 0.7 per cent to $1,790 per troy ounce....
...They have pointed to technical factors in markets to explain the rally, although this idea was rejected by Jay Powell, chair of the Federal Reserve, on Wednesday....
...On Wednesday, it touched $1,887 a troy ounce, a four-month high, dipping only slightly by Friday to $1,878....
...The price of gold has declined 6.1 per cent this year to $1,782 a troy ounce on Wednesday. Bitcoin has meanwhile doubled in price to a record high of more than $67,000 this week . . ....
...The gold price, at $1,826 a troy ounce on Thursday, has risen about 2 per cent in the past week as investors bought the metal as a hedge against inflationary pressures....
...The dollar, as measured against a basket of currencies, was flat while gold rose 0.2 per cent, to $1,843 a troy ounce....
...Gold was 1.2 per cent lower at $1,929 a troy ounce by Wall Street’s close, having earlier risen as much as 1.1 per cent....
...Gold prices, however, fell 2 per cent to $1861.5 a troy ounce....
...Goldman Sachs lifted its 12-month forecast for the precious metal to $2,300 a troy ounce, from $2,000....
...The haven metal certainly glistens and has climbed above its 2011 nominal peak to $1,945.26 a troy ounce on Monday. Traders expect a test of $2,000 and there are signs of that positioning....
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