Gold Shoots at $4,511 per Ounce-Troy Driven by U.S. Title Retreat
4 Articles
4 Articles
The prices of future gold contracts closed the day on high firm, exceeding $4.5 thousand per ounce-troy, after the United States Treasury announced an increase in buybacks of long-term securities, which attenuated a sales wave of Treasures, favoring precious metal, which does not generate revenues. The purchases of central banks, mainly from China, also sustain the demand for gold. At Comex, metal division of the New York Mercantile Exchange (Ny…
As selling pressure intensified again in the US long-term bond market, gold fell 1.59% to $4,452 per ounce, while the price of gold per gram dropped to 6,848 Turkish lira.
Metal for December closed at 0.57%, at $4,571.4 per ounce-troy
The future gold contracts recorded strong valuation on August 19, 2026, with the metal surpassing the mark of $4.5 thousand per ounce-troy. The movement was boosted by the announcement of the United States Treasury on an increase in the buybacks of long-term bonds, a measure that contributed to lower the pressure [...]
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