Showing posts with the label Gold at Close Report

Gold Price at Close Report: Gold hits more than 18-month low as dollar gains on Turkey troubles I CNBC

Image CNBC AP Gold fell to a more than 18-month low on Wednesday as the dollar climbed towards its highest in over a year on concerns about global market contagion triggered by recent declines in the Turkish lira. Further gold liquidation from emerging markets to strengthen local currencies also pressured bullion, several traders said. The advancing dollar and worries of continued oversupply also pushed platinum and palladium to their lowest since October 2008 and July 2017 respectively.

Gold at Close Report I CNBC

Image Gold steadies after sinking to year-low as dollar eases off highs CNBC AP Gold prices steadied on Wednesday as the U.S. dollar eased off a three-week high, following an earlier drop in bullion to a one-year low as bullish comments from U.S. Federal Reserve Chair Jerome Powell boosted the greenback. "The dollar came off a little bit later in trade, causing gold to go into positive territory, but I think it's temporary," said Walter Pehowich of Dillon Gage. Gold has shed more than 10 percent since touching a peak of $1,365.23 an ounce in mid-April, weighed down by a stronger

Gold at Close Report I CNBC

Image Gold recovers from 7-month low as dollar eases CNBC

Gold at Close Report I CNBC.

Image Stronger dollar pushes gold to six-month lows CNBC