|

Gold up .6%, dollar weak

ByVictoria

Spot gold was up 0.6% at $3,373.09 an ounce, as of 0552 GMT. U.S. gold futures gained 1.5% to $3,393.80.

The weakness in the dollar index serves as a strong catalyst, said Kelvin Wong, a senior market analyst, Asia Pacific at OANDA, adding that a “bullish breakout” of the $3,346 resistance triggered technical buying.

Spot silver was up 0.4% at $36.38 per ounce, platinum rose 1.2% to $1,271.15, still hovering near a more than 4-year high, while palladium was down 1.1% at $1,068.19.

Source – Reuters

Similar Posts

  • /

    Gold jumps over 1.5% after more tariff announcements

    ByVictoria
    0 Comments

    Gold’s price (XAU/USD) is jumping higher as buyers dig into the precious metal on Monday, printing several fresh all-time highs above $2,900 at the time of writing. 

    The Pivot Point level on Monday is the first nearby support at $2,866, followed by the S1 support at $2,846. From there, S2 support should come in at $2,832.

    Source – FXStreet

  • /

    Gold prices extend gains

    ByVictoria
    0 Comments

    Spot gold was up 1.3% at $3,122.02 an ounce at 1129 GMT, after its biggest daily gain since October 2023 on Wednesday. U.S. gold futures were up 1.9% at $3,137.80.

    “We’re just living in a world of extreme uncertainty. We just don’t really know which way this trade war is going to go … I think for the course of this year, gold will march higher,” said Nitesh Shah, commodities strategist at WisdomTree.

    Spot silver fell 0.6% to $30.85 an ounce, platinum lost 0.4% to $933.55, and palladium was down 1.7% at $915.68.

    Source – Reuters

  • /

    Goldman Sachs forecasts up to 12 month copper prices

    ByVictoria
    0 Comments

    Goldman Sachs on Wednesday maintained its London Metal Exchange copper price forecasts for the next year, and said it expected the implementation of U.S. tariffs on copper imports to prevent a U.S. stock glut in the third quarter.

    Goldman forecasts three-, six-, and twelve-month LME copper prices at $9,600, $10,000 and $10,700 per metric ton respectively. The bank flagged a near-term downside risk to prices from a trade policy update due to take effect on April 2.

    Source – Reuters

  • /

    2025 Roosevelt silver will have differences

    ByVictoria
    0 Comments

    While the Theodore Roosevelt Presidential silver medal to be issued sometime this summer by the United States Mint will bear the same obverse and reverse designs as used for a silver medal included in the 2013 Theodore Roosevelt Coin & Chronicles Set, the new issue will have distinct differences.

    The obverse design is the same executed by Chief Engraver Charles E. Barber for the Mint’s 1905 Presidential medal from his second term, with the reverse design by Assistant Mint Engraver George T. Morgan.

    Source – Coin World