Gold futures dipped on April 14 after five weeks of consecutive gains, but rising inflation and safe haven demand driven by the Russia–Ukraine conflict have kept the precious metal on track for a second consecutive weekly gain, up about 1.2 percent. U.S. gold futures declined 0.6 percent to $1,973.30 an ounce, while spot gold fell 0.5 percent to…
Gold Dips Slightly, Remains High as Inflation and War Lift Demand
April 14, 2022
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Gold Prices Flat as Firmer Dollar, Yields Dim Safe-Haven Demand
April 6, 2022
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Gold prices were flat on Wednesday as hawkish comments from U.S. Federal Reserve officials bolstered the dollar and Treasury yields to multi-year highs, denting bullion’s safe-haven demand and offsetting support from uncertainty around the Ukraine war. Spot gold was flat at $1,922.59 per ounce, as of 3:20 a.m. GMT, after declining 0.4 percent earlier in…
Market Pulse: Oil Prices Spike After Kazakh Supply Disruption and Uncertainties in Europe, Dollar and Ruble Gain
March 24, 2022
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Oil prices spiked 5 percent Wednesday after disruptions to Kazakh crude exports and growing apprehension regarding European Union sanctions on Russian energy imports as the U.S. president meets with counterparts on the continent amid worsening conflict in Ukraine. Brent has since stabilized after opening Thursday at $117.20 a barrel and trading at $117.58 as of…
Gold and Palladium Prices Spike on Russian Invasion of Ukraine
February 24, 2022
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Prices of gold and palladium have increased after Russia invaded Ukraine, driven by supply concerns and investors seeking out a safe haven in the yellow metal. Palladium reached its highest price level since August 2021 on Thursday and is currently trading at $2,636 an ounce. Meanwhile, spot gold reached a peak of $1,973.96, its highest…
Australia Takes Over From China as World Leading Gold Producer
Australia has topped China as the world’s largest gold producer after gold production in the first half of 2021 has surpassed the Asian nation’s for the first time. According to a report published on Aug. 29 by Surbiton Associates, a Melbourne consulting group that specializes in the Australian gold, mining, and minerals industries, Australia produced 157 tonnes…
After Golden Year for Precious Metals, Silver Set to Shine in 2021
January 4, 2021
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After a spectacular year, precious metals are set for further gains in 2021, with silver tipped to outperform, but analysts are growing more cautious about the prospects for gold as the global economy recovers from the impact of the coronavirus. The pandemic triggered stockpiling by investors looking to protect their wealth. This, alongside supply deficits,…
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