Gold prices continue to face challenges, testing support levels above $2,500 an ounce amid weak buying momentum, as the U.S. manufacturing sector remains in contraction. On Tuesday, the Institute for…
© 2023 Copyright lriko.com
ounce
When measuring volume, an ounce is known as a fluid ounce (abbreviated as “fl oz”). In the United States, a fluid ounce is equivalent to approximately 29.57 milliliters, while in the United Kingdom, it is equal to about 28.41 milliliters. Fluid ounces are commonly used for measuring the volume of liquids, such as beverages or cooking ingredients.
-
- Gold Futures
Hedge Funds Intensify Focus on Gold and Silver, Speculative Positions Hit Key Milestones
by annaby annaHedge funds are increasingly turning their attention to gold and silver, with speculative positioning reaching a notable benchmark last week, according to the Commodity Futures Trading Commission (CFTC). Gold saw…
- Spot GoldSpot Silver
Gold and Silver Prices Decline as Markets Brace for Busy Week of Economic Reports
by annaby annaGold and silver prices are both experiencing declines in midday U.S. trading on Tuesday. The downturn is attributed to profit-taking and position adjustments as investors prepare for a busy week…
- Gold NewsGold Futures
Gold Emerges as Safe Haven Amid Commodities Volatility, Goldman Sachs Reports
by annaby annaIn times of economic turbulence, commodities are typically viewed as a safer investment compared to stocks due to their foundational role in society’s infrastructure. However, Goldman Sachs has recently flagged…
-
Bank of America (BofA) strategists reaffirmed on Tuesday their forecast that gold prices could reach $3,000 per ounce within the next year. This projection, first introduced in late 2023, has…
- Spot GoldSpot Silver
Gold Market Faces Mixed Signals as Investors Await U.S. Employment Data
by annaby annaGold remains a strong bullish candidate, yet increasing caution is evident as investors await upcoming U.S. employment data and its potential impact on Federal Reserve policy decisions. With the North…
- Gold Futures
Gold’s Consolidation Continues Amid Dollar Weakness, Analyst Highlights Euro-Based Trends
by annaby annaGold remains solidly anchored near its recent record highs, trading above $2,500 an ounce, but its bullish momentum faces challenges as the U.S. dollar shows signs of being oversold. Nicky…
- Gold News
Rising Gold Prices Prompt Increased Jewelry Sales Amid Economic Disparities
by annaby annaDespite robust growth in the U.S. economy, with the second-quarter GDP expanding by 3.0% and the core Personal Consumption Expenditures (PCE) price index showing a mild 2.5% annual increase, many…
- Silver Price
Silver Prices Decline Amid Improved Risk Sentiment and Fed Rate Speculation
by annaby annaSilver (XAG/USD) continued its downward trend for the second straight session, trading around $28.50 per troy ounce early on Monday. This decline is largely attributed to improved risk sentiment after…
-
Strickland Metals has reported significant gold discoveries from its ongoing drilling operations at the Warmblood prospect within the Horse Well camp, located near Wiluna in Western Australia. The latest results…
Advertisements
Advertisements
