Tag: Gold Market
-
Gold Falls as Profit-Taking and a Stronger USD Weigh on Prices
Gold Retreats as Traders Lock in Gains and the Dollar Strengthens Gold prices slid on Friday after a period of sharp gains, as traders took profits and a firmer U.S. dollar weighed on the precious metal. The move underscored how quickly sentiment can shift in volatile markets, especially when leveraged positions unwind and risk appetite…
-
Gold Surges Toward $5,400 as Fed Holds Rates and Dissenters Spark Breakout
Gold strengthens on Fed hold, with dissenters igniting a breakout Gold prices jumped toward the $5,400 level as the Federal Reserve held rates steady, aligning with expectations from most market participants. The focal point for traders was the surprising dissent from two policymakers who favored a rate cut, suggesting potential future shifts in monetary policy.…
-
Gold Prices in Pakistan Today: Record Highs in Local and Global Markets
Overview: Gold Surges in Global and Local Markets Gold prices climbed to record levels on the global stage, triggering a ripple effect in Pakistan’s local market. Investors watched a brisk rally in the international bullion market, where liquidity and risk sentiment pushed gold higher. As the price per ounce advanced, Pakistani gold prices followed suit,…
-
Ghana Gold Board Chief Rejects Claims of Losses as Hallucination, Calls Rumors Unrealistic
GoldBod Chief Rejects Rumor-Driven Loss Claims The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has dismissed circulating claims that the state-owned institution is recording losses. He described the allegations as the “hallucination” or “dreams” of those spreading them, signaling a firm stance against rumor-driven criticism. The remarks came during a public…
-
Gold Sets 50th Daily Record This Year as Tensions Rise and Rates Diversify
Gold Climbs to Fresh Record as Geopolitical Tensions Persist Gold rose to a fresh record this year, marking its 50th daily high as investors react to mounting geopolitical tensions and expectations of further interest-rate adjustments by the U.S. Federal Reserve. The precious metal’s latest advance underscores its role as a safe-haven asset in times of…
-
BoG Gold Coins Prices Rise as Ghana Cedi Falls Further
BoG Gold Coins: A Rising Investment Amid a Weakening Cedi The Bank of Ghana’s gold coins have become an increasingly prominent feature in local investment portfolios as their prices rise in tandem with the depreciation of the Ghanaian cedi against the US dollar. Investors are watching the developing currency situation closely, with many turning to…
-
Malaysia’s Gold Rush: Jewelry Stores Buzz as Prices Climb
Malaysia’s Gold Rush Sends Jewelry Stores into a Frenzy Malaysia is witnessing a remarkable surge in activity at jewelry stores as gold prices climb, turning the nation into a busy hub for wedding shopping and precious metal purchases. The recent rise in gold costs has not only affected household budgets but also reshaped the way…
-
Pakistan’s Gold Market Volatility Surges: What’s Driving the Turbulence
Overview: Persistent volatility in Pakistan’s gold market Pakistan’s gold market has been characterized by sharp, ongoing volatility, with little sign of stabilization in recent months. Traders describe price swings that reflect a complex mix of international bullion dynamics and domestic economic pressures. The fluctuations have implications for buyers, sellers, and policy makers who track the…
-
Pakistan’s Gold Market Faces Persistent Volatility
Overview: Persistent volatility in Pakistan’s gold market Pakistan’s gold market continues to swing unpredictably, with traders reporting sharp price movements and little sign of stabilization. A complex mix of global bullion dynamics and domestic policy changes is driving the volatility, creating challenges for retailers, investors, and consumers alike. Global factors: The pull of international bullion…
-
Pakistan’s Gold Market: Navigating Persistent Volatility and Shifting Forces
Overview: Why Pakistan’s Gold Market Remains Volatile Pakistan’s gold market continues to swing between sharp gains and sudden drops, with little sign of stabilization. Traders, investors, and policymakers are watching a volatile mix of global bullion movements, currency fluctuations, interest rate expectations, and domestic policy signals that collectively push gold prices up or down in…