NEW YORK — A gold rush is here. The precious metal hit an all time high this week. The spot price for gold closed Tuesday above $2,514, according to data from FactSet. That’s the highest closing price recorded for the commodity to date. Here’s what you need to know. The spot price of gold closed
The recent natural disasters across the world has brought climate risk to the fore. This has also caused concern among some about overly investing in physical assets. In this article, we discuss the new-age risk associated with physical and financial assets. Climate and technology All investments are exposed to some risk. Investment in bank deposits
GOLD prices hit a new high this week, which has meant investors are now racing to buy the precious metal. The price of gold hit a fresh record of $2,531.60 (£1,943.83) an ounce on Tuesday afternoon after rising by a hefty 1% during the day. 1 The price of gold has risen drastically over the
As I have been banging on about it, gold finally reached the $2500 mark on Friday after a tight consolidation below it for several weeks, notes Fawad Razaqzada, technical analyst at Trading Candles. Despite falling a little in early Monday trade, I think gold is likely to climb higher and remain in a dip-buying mode. For one
Date 8/18/2024 2:07:37 PM (MENAFN– Jordan News Agency) Amman, August 18 (Petra) – The Agricultural Credit Corporation (ACC) has extended loans worth JD 2.616 million to 295 borrowers under the Irrigated and Rainfed Agricultural Land Development and Exploitation Project in the first half of 2024.This financial support is part
Social media was abuzz after the fly landed on Donald Trump’s face Thursday, comparing it to a viral moment in the 2020 vice presidential debate between Mike Pence and Kamala Harris. A fly landed on the face of former President Donald Trump during a press event Thursday, marking the second Trump-led campaign that featured a
Gold bullion bars are seen for sale at Manfra, Tordella and Brookes, Inc. January 9, 2003 in New York City. Mario Tama | Getty Images Gold prices inched up on Thursday after a 1% decline in the previous session following inflation data that dampened hopes for a larger September U.S. rate cut, while the focus
XAU/USD Current price: $2,443.88 The United States Consumer Price Index resulted marginally softer in July. Market participants keep beating the Federal Reserve will trim rates in September. XAU/USD could extend its slide once clearly below $2,438.80, a Fibonacci support level. The US Dollar started the day on the back foot, shedding ground against most major
Gold Gold remains stuck in a 4 month sideways channel which makes trade identification difficult. With the release of the inflation number, anything could happen today. We are holding the 1 month upper trend line which joins the July & August peaks at 2473/75, with a high for the day exactly here yesterday. Gold is
Gold price trades with modest losses for the second straight day amid a positive risk tone. Geopolitical risks, bets for bigger Fed rate cuts and subdued USD demand to lend support. Traders might also prefer to wait for the release of the crucial US consumer inflation data. Gold price (XAU/USD) attracts fresh sellers following an