Gold in UAE: Prices to briefly spike before dropping again, so do you buy or wait?
Global spot gold may end its bounce around $1,783 per ounce and resume its drop thereafter
Source: gulfnews.com
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Gold dips as dollar gains on China Covid risks
Gold prices slipped on Monday, as the dollar strengthened on safe-haven demand triggered by protests in several Chinese cities over the country's strict Covid-19 restrictions. Spot gold was down 0.4 per cent at $1,748.84 per ounce, as of 0555 GMT. US gold futures fell 0.3 per cent to $1,749.60. The dollar index was up 0.4 per cent, making the greenback-priced bullion more
Source: deccanherald.com
Gold, copper gain on hopes of dovish Fed
Spot gold at $1,758.41 per ounce by 0223 GMT, dollar heads for weekly drop
Source: gulfnews.com
Gold edges toward weekly gain on hopes of dovish Fed
Gold inched up on Friday, en route to a weekly gain, buoyed by the dollar's retreat on a perceived dovish tilt in the U.S. Federal Reserve's interest rate hike strategy. Spot gold gained 0.2 per cent to $1,758.41 per ounce by 0223 GMT, and was up 0.5 per cent so far this week. U.S. gold futures rose 0.7 per cent to $1,758.30. Silver was flat at $21.51, but was up about 3 per
Source: deccanherald.com
Singapore stocks surge as US inflation begins to slow; STI up 1.7%
SINGAPORE – The more benign American inflation figures that turbocharged Wall Street overnight worked their magic in the region as well on Friday. The Straits Times Index (STI) soared 1.7 per cent or 55.15 points to 3,228.33 – its sixth straight session of gains and up a robust 3.1 per cent for the week. Read more at straitstimes.com.
Source: straitstimes.com