Tag: Gold

Political Uncertainty Pushing Gold Up

Political Uncertainty Pushing Gold Up

Gold rose on the notion of increasing political uncertainty and a weakened dollar, after a disappointing press-conference for analysts hoping for some insight into the impending economic conditions during the imminent Trump administration. For months gold rallied and fell, as the tone of political certainly came and went with the results from various polls during … Continue reading Political Uncertainty Pushing Gold Up

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The Direction of Gold Could be Varied as Dollar Predicted Considerable Shifts in 2017

The Direction of Gold Could be Varied as Dollar Predicted Considerable Shifts in 2017

Gold enjoyed a modest rise over the course of 2016, with occasions of significant volatility adding to its increase. With gold enjoying consecutive weeks of increase over the period leading up to Brexit, in which it 6 week increase in value, rising from a low of $1.199.90/ounce at the concluding trading week of May, and increasing … Continue reading The Direction of Gold Could be Varied as Dollar Predicted Considerable Shifts in 2017

Gold Falls on Stronger Dollar

Gold and other dollar-denominated commodities fell as the dollar rose on strong wage growth figures released Friday, from December 2016's jobs report. Despite a slight increase in joblessness, with a rise from the 4.6% unemployment rate in November 2016, to 4.7% in December, wage growth propelled the dollar upward, reversing many of the losses it has … Continue reading Gold Falls on Stronger Dollar

Buoyancy From Weak Dollar Pushes Gold Higher

The rise of many dollar-denominated commodities in Wednesday's trading session has continued into Thursday's, with a rise of 1.64% to 1,182.01 at 16:52 GMT. A falling dollar aided in pushing many dollar-denominated commodities higher in Wednesdays trading session, subsequent to the release of minutes from the Feds December meeting. With traders and analysts eager to detect … Continue reading Buoyancy From Weak Dollar Pushes Gold Higher

Commodities Rise on Fed Minutes

Commodities experience gains across the board as the minutes from the Feds December meeting are released. Energy: WTI and Brent posted modest rises after significant drops in Tuesday's trading session.  With Brent, the global benchmark, experiencing a rise of 1.69% and WTI Crude a rise of 1.72% at 19:25 GMT. Natural gas however experienced a … Continue reading Commodities Rise on Fed Minutes