Gold prices edged lower on Tuesday, as the US dollar continued to strengthen against a basket of major currencies. The dollar index, which measures the greenback against a basket of six other currencies, rose to its highest level in over two weeks. A stronger dollar makes gold more expensive for buyers who use other currencies, …
Gold Prices Edge Lower as Dollar Strength Continues Read More »
Sales of Gold American Eagle coins fell to 36,000 ounces in July, down from 42,500 ounces in June and 64,500 ounces in July 2022. The decline in sales comes as gold prices have been steadily climbing, pushing back above the $2,000 an ounce mark late in the month. There are a few reasons for the …
Gold American Eagle Coin Sales Fall as Investors Eye Other Safe Havens Read More »
The Dollar Weakens as Investors Weigh Inflation Data The dollar weakened against major currencies on Tuesday as investors assessed the latest inflation data from the United States. The Consumer Price Index (CPI) rose 8.6% year-on-year in May, slightly below expectations but still the highest level in 40 years. The strong inflation reading fueled concerns that …
The Dollar Weakens as Investors Weigh Inflation Data Read More »
Gold prices swung between gains and losses on Monday as traders remained on the sidelines ahead of the July 4th holiday. The cautious mood prevailed as investors weighed the U.S. Federal Reserve’s (Fed) rate hike prospects for this year, especially after the top-tier U.S. ISM manufacturing PMI data unexpectedly showed that the manufacturing sector contraction …
Gold Price Swings Between Gains and Losses Ahead of July 4th Holiday Read More »