Gold Surges Toward 8-Year Highs As Virus Resurgence Fears Rise
On June 22, Gold surged toward its highest since 2012. The upside move was supported by fears over a second wave of the coronavirus infections. Also, the precious metal gained ...
Advertisements
Tag: spot market
Goldman Revises 12-Month Gold Forecast Upwards By 11% To Reach $2,000
On June 19, Goldman Sachs revises its 12-month forecast for gold. In that context, they raised their forecast by 11% to put gold at $2,000 in the next 12 months. ...
Gold Rises After Fed Reserve Enhances Support Measures
On June 16, gold rose during the Asian session after the United States Federal Reserve boosted its program of buying corporate debt. The strategy aims at combating the financial crisis ...
Gold (XAU/USD) Sets 7-Day Top Above $1,700 As S&P 500 Futures Lose 1.0%
The gold prices remained stable above $1,739 with an intraday high $1,740.74 during the pre-Tokyo Asian session on June 1. The bullion benefits came from the recent escalation in risk-off ...
Gold Rallies, Spreads Widen As Investors Exit Market due To Fears
Gold surged as traders added almost 5.7K contracts on April 6. Additionally, volumes increased by about 61.3K contracts according to preliminary figures supplied by CME Group for Gold futures markets. ...
Physical Silver Becomes “Most Undervalued Asset,” Gold And Silver Mines Shut Down
An explosion in the number of coronavirus cases coupled with an expansion of economic lockdowns has caused a massive surge in unemployment claims this week. However, these multiple cascading bad ...