In the midst of a highly volatile market, concerns about the future of gold are deepening as its price continues to decline for 8 consecutive days against the US dollar, even as the value of the dollar and yields on Treasury bonds are gradually decreasing. On the New York Comex exchange, the December gold futures contract fell by $6.70, equivalent to a 0.4%...
In a surprising turn of events, the gold market experienced a significant downturn on Tuesday, marking its first retreat in almost two weeks. This decline comes on the heels of the precious metal hitting a seven-month low. The plummeting gold prices are closely linked to the relentless rise in Treasury bond yields and the soaring US dollar, reaching an 11-month...
In the intricate tapestry of global finance, gold, often touted as the ultimate safe haven, finds itself at a crossroads. Recent market dynamics have propelled gold prices to a seven-month low, marking a significant shift. This article dissects the multifaceted factors contributing to this decline, including the robust performance of the US dollar and escalating...
Gold prices experienced their second consecutive drop in the second quarter, marking the most significant decline in over two years. This decline, which began in August and extended into September, was exacerbated by the sharp decrease observed this week. On the New York Comex futures market, the most active gold contract for December concluded trading at...