Global physically backed gold exchange-traded funds (ETFs) recorded inflows for the fifth consecutive month in September, driven by increased holdings in North America, according to the World Gold Council (WGC)…
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gold
Gold is a chemical element with the symbol Au and atomic number 79. It is a dense, soft, and highly malleable precious metal with a characteristic yellow color. Gold has been valued for centuries for its beauty, rarity, and various practical applications.
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Since 2021, central banks have been on a historic gold-buying spree, pushing the metal to consecutive record highs. Now, attention turns to whether this strategy could extend to other precious…
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Gold and silver prices sharply declined Tuesday morning, reaching three-week lows following reports that Hezbollah, the Lebanon-based militant group, expressed interest in discussing a ceasefire with Israel. The news, signaling…
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Politicians and central banks have often attributed recent inflation to factors like the COVID-19 pandemic and supply chain disruptions. However, a growing body of economic commentary points to the surge…
- Gold PricesNonfarm Payroll
Gold Prices Slip After Strong US Jobs Data, But Geopolitical Uncertainty Offers Support
by annaby annaGold prices came under pressure following the release of stronger-than-expected U.S. labor market data. The price briefly dipped to just over $2,630 per troy ounce before partially recovering, according to…
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Gold prices dropped significantly on Tuesday after a strong U.S. jobs report and reports suggesting that Hezbollah supports efforts for a truce in its conflict with Israel. The potential for…
- Gold Prices
Gold Price Holds Near $2,620 Amid Weak Chinese Stimulus and Fed Uncertainty
by annaby annaGold (XAU/USD) traded in the $2,620 range on Tuesday, reaching the lower boundary of its recent $50 trading band. The precious metal faced pressure after China’s fiscal stimulus measures, announced…
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Gold (XAU/USD) extended its decline for a fifth straight day on Tuesday, dropping to a more than one-week low near the $2,630 support level during early European trading. The ongoing…
- Gold Prices
High Gold Prices May Face Significant Correction Amid Shifting Market Dynamics
by annaby annaDaniel Ghali, a commodity analyst at TD Securities, suggests that high gold prices are not aligning with the current market expectations for interest rate cuts and could be due for…
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Gold prices remained relatively stable in Asian trading on Tuesday, recovering slightly after experiencing a decline from record highs. This adjustment comes as traders recalibrate their expectations regarding potential interest…
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