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Gold futures rose on technical buying as dip buyers returned
Gold futures rallied over 1.9% to trade back above $4,150 per ounce, supported by technical buying, expanded long positions, and ETF inflows despite geopolitical hostilities. Traders continue to monitor energy prices and U.S. economic data for signals on Federal Reserve policy. Silver futures rose more than 2.5% past $60 per ounce alongside Gold futures momentum. Meanwhile, Copper futures pulled back from recent highs, though tight physical supply, surging Chinese import premiums, and global warehouse withdrawals provide underlying support.
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From thegoldforecast.com | 32 min ago
Gold staged a dramatic rally on Tuesday, pushing prices in the futures market to fresh two-week highs above $4,170. The advance of $75.50, or 1.85%, was notable, but the bigger story wasn't the size of the move — it was what drove it, marking an apparent reversal from the pattern that has governed gold trading in recent months. Since the U.S.-Iran conflict ...
From moneycheck.com | 12 hr ago
The precious metal is currently trading north of $4,130 per ounce as intensifying Middle East hostilities prompt investors to seek refuge in traditional safe-haven assets, despite sustained strength in the US dollar and elevated Treasury yields. Gold futures advanced 1.5% to reach $4,137 during Wednesday’s session. This followed a substantial 2% surge in ...
