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Gold Gains Nearly 2% on Softer Dollar, Cooling Inflation Concerns
11 Articles
11 Articles
Gold prices rose on Tuesday, driven by a weaker dollar and easing inflation fears, after US President Donald Trump suggested the Middle East war could end soon.
The relaxation of the inflationary pressures and a weaker dollar boosted the contribution of the shelter asset, which recorded advances of up to 2% during this Tuesday’s day. The gold market resumed its upward trend this Tuesday, March 10, driven by a reduction in fear of new inflationary impulses and a relief in the yields of the United States Treasury. After an opening in Europe with rises of close to 1%, the precious metal accelerated its adv…
@ the Bell: Gold gains lift TSX as investors weigh Trump’s Middle East remarks
Canada’s main stock index climbed on Tuesday, lifted by gains in gold prices even as a drop in crude weighed on energy stocks. Markets on both sides of the border saw early gains, but a sharp downturn by midday. Investors also evaluated comments from US President Donald Trump suggesting that the conflict in the Middle East may soon de-escalate. US markets came out strong, but eventually flatlined by the time the closing bell rang. The night befo…
Gold Price Today Climbs Above $5,220 as Dollar Softens, Oil Slumps Ahead of U.S. CPI
Spot gold jumped 1.7% to $5,222.74 an ounce Tuesday as oil prices plunged over 10% and the dollar slipped, easing inflation fears. Brent crude fell $10.45 to $88.51 a barrel after President Trump signaled possible de-escalation in the Middle East. U.S. inflation data due Wednesday could shift rate expectations again. In Dubai, gold traded at a discount to London amid flight disruptions and weak demand. The post Gold Price Today Climbs Above $5,2…
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