Gold tops $1,600 as virus fuels growth fears

February 19, 2020

Fears that the coronavirus could be a disaster for the global economy and a drumbeat of speculation over central-bank stimulus are driving another rally in precious metals. Gold surpassed $1,600 an ounce this week and is closing in on a seven-year high. Palladium climbed for a sixth day in the spot market, extending its record-breaking rally. “Gold […]

Gold gains amid coronavirus’ continuous threat

February 5, 2020

  Kenneth Afor Gold investors recorded slight profits on Tuesday after nearly four-week high at the end of trading, bearing in mind a possible negative impact on China’s economy of the coronavirus which has claimed 427 lives in the Asian country. The United States Spot gold fell by 0.2 percent at $1,572.87 per ounce early […]

US-Iran conflict: Gold price hits highest level since 2013

January 6, 2020

Gold fails to crumble as trade deal hit meets dollar’s decline

Gold prices have hit 1,588.13 dollars per ounce, the highest level since 2013, spurred on by concerns about escalating unrest in the Middle East. The surge in prices came on Monday, before prices settled down to 1,577.26 dollars per ounce, which was still 1.6 per cent higher than Friday’s closing price. Gold sold for about […]

Gold fails to crumble as trade deal hit meets dollar’s decline

December 13, 2019

Gold fails to crumble as trade deal hit meets dollar’s decline

Gold held its own on Friday as investors weighed bullion’s merits heading into 2020 after the US and China managed a breakthrough in their bitter and drawn out trade dispute, with the commodity’s initial losses driven by weaker haven demand offset by a slump in the dollar. Bullion fluctuated after President Donald Trump signed off […]