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Gold and silver futures settled slightly lower Thursday. In doing so, gold snapped a four-session winning streak and silver dipped from a more than 11-month high. Gold for June delivery lost $4.10, or 0.3%, to settle at $1,250.30 an ounce on the Comex …
Silver followed suit and reclaimed Rs 37,000-mark by rising Rs 250 to close at Rs 37,100 per kg on increased offtake by industrial units and coin makers. Traders said a firming global trend as investors await the release of minutes from the last …
Precious metals futures advanced on Wednesday with gold and silver snapping a three-session losing streak. Platinum and palladium closed higher for the first time since Friday. Gold for February delivery added $1.90, or 0.2%, to settle at $1,087.10 an …
Indeed, as the silver spot price plunged to six-and-a-half year lows mid-year, demand for silver coins skyrocketed such that mints in North America and Australia struggled to keep up. Silver, like gold, is considered a hedge against currency and stock …
Precious metals continued to rally Friday, padding advances that began in after-hours trading Thursday when the Federal Reserve announced it would leave interest rates unchanged in September. The metals also posted sharp weekly gains. Gold for …
United States Mint bullion products added to earlier gains with American Eagle gold coins rising 2,000 ounces, American Buffalo gold coins increasing 1,000 ounces and American Eagle silver coins advancing 72,500 ounces. The U.S. Mint limited Silver …
Silver also rebounded by Rs 210 to Rs 36,400 per kg on increased offtake by industrial units and coin makers. Bullion traders said emergence of buying by jewellers and retailers at existing levels amid a positive global trend mainly attributed recovery …
"Trading in gold has been very choppy over the past 6 weeks with futures trading in a tight range between $1,180 and $1,210 as the outlook for [Federal Reserve] policy has become even more cloudy than it already was," MarketWatch quoted Tyler Richey, …
Gold prices closed lower Wednesday for the first time in three sessions after ending at a three-week high on Tuesday. Gold for June delivery shed $3.90, or 0.3%, to settle at $1,210 an ounce on the Comex division of the New York Mercantile Exchange.
Results of the latest Kitco News survey weighed bearish again for gold, although a smidgen less than a week earlier. Eleven survey takers expect the yellow metal to fall next week, 5 see prices rising and 3 see prices trading sideways or are neutral.
"People expected a higher number, and we saw a knee-jerk reaction in the market with the dollar tumbling down and gold getting a bid," Michael Gayed, the chief investment strategist from Pension Partners LLC in New York, said in a telephone interview …
Gold rebounded from a two-session losing streak on Friday, supported by safe-haven demand, but prices still slipped 0.6% on the week. The weekly decline was a first in three weeks. Gold for December delivery climbed $2.70, or 0.2%, to settle at $1,231 …
Silver also eased by Rs 475 to Rs 38,625 per kg on reduced offtake by industrial units and coin makers. Traders said besides fall in demand at existing higher levels, a weak global trend due to gains in equities reducing demand for the precious metal …
"Gold ended the U.S. day session slightly lower Monday on a mild downside technical correction from recent gains that produced a bullish weekly high close last Friday," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily note. "Gold prices did …
Gold ended lower to start the new trading week Monday, snapping a five-session winning streak and pulling back from a six-month high. Gold for April delivery declined $6.10, or 0.4%, to settle at $1,372.90 an ounce on the Comex division of the New York …
Gold extended its winning sessions to four and silver to five in solid out of the gate gains to start the new trading week Monday. Gold for April delivery settled up $11.80, or 0.9%, to $1,274.70 an ounce on the Comex division of the New York …
Gold and silver ended lower for the first time in four sessions Tuesday, each giving back 0.5% as investors turned to riskier bets with U.S. stocks rebounding. In bullion coin news, the United States Mint told its authorized dealers that next week's …