Tag: 2021 gold price

Gold holds firm on Tuesday, finding support from rising geopolitical risks due to US President statement on Sunday saying that he would increase tariffs to Chinese goods and impose new tariffs to remaining Chinese imports. It was claimed that Chinese officials were considering cancelling the planned US visit to…Continue readingGold price one the rise as dollar holds firm on Fed taper bets.

After closing last week with a weekly loss due to progress made in trade talks between the US and China, gold prices increased on Monday as uncertainty remained regarding the details of agreement and how trade relations would evolve from that point. According to “first phase” of a possible…Continue readingTrade Uncertainty Remains Supportive for Gold.

Gold trades in a narrow range on Wednesday, pressured by stronger dollar due to reduced expectations for an aggressive rate cut following strong US jobs data while yellow metal continues to look for directions ahead of Fed Chair Jerome Powell’s testimony as well as Fed minutes from its June…Continue readingGold Trades Range Bound; Eyes on Omicron and Fed Minutes.

Finding fundamental support from trade tensions between the US and China as well as slowing global economy, gold prices kept its upside momentum on Tuesday as risk sentiment faded due to geopolitical tensions in Hong Kong and rising uncertainty following primary election result in Argentina. Geopolitical tensions increased in…Continue readingGold Keeps Upside Momentum Amid Rising Geopolitical Tensions.

While global markets plunge due to US increasing tariffs on Chinese imports worth $200 billion last week followed by Chinese retaliation on Monday, gold holds firm close to one month high by finding support from increasing safe haven demand. China Ministry of Finance announced on Monday that China would…Continue readingGold Holds Firm Amid Rising Trade Tensions.