Gold closes higher but curbs gains on strong dollar

Economies.com
2019-04-25 18:05PM UTC

Gold prices rose slightly during the day, amid pressure from the rise of the dollar against most major currencies while the markets shifted focus to companies quarterly earnings results.

 

Both Microsoft and Facebook posted strong quarterly results that exceeded expectations, which boosted their shares and raised optimism about a positive earnings season.

 

On the other hand, by 17:52 GMT, the dollar index (against a number of major currencies) rose by 0.1% to 98.1 points, with a high of 98.3 points and a low of 97.9 points.

 

US President Donald Trump has praised the progress of the trade negotiations with China, stating that the performance of the US economy and the performance of trade negotiators with Beijing seems well.

 

Gold futures (June delivery) rose only 30 cents to close at $1279.70 an ounce. The precious metal hit a high of $1284.8 and a low of $1275.2.

Commodities News

Oil News

Commodities

Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
Oil News

Commodities

US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...
Oil News

Commodities

Oil prices move in a positive zone after surprise drop in US stocks
2024-04-24 12:29PM UTC
Global oil prices rose in European trade on Wednesday away from recent three-week lows after ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price keeps its stability above ...
Oil Analysis

Commodities

Crude oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price trades positively to approach ...
Silver Analysis

Commodities

Silver price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Silver Price Analysis Expected Scenario Silver price shows positive trades to hint the ...