Gold surges 1.5%, marking fourth successive record high
2024-04-02 18:39PM UTC

Gold prices rose on Tuesday as the dollar lost ground against most major rivals, while US treasury yields advanced. 

US 10-year treasury yields rose by 6.2 basis points to 4.39%, while two-year yields stabilized at 4.722%. 

Fed Chair Jerome Powell said in a San Francisco conference that policymakers shouldn’t rush into interest rate cuts, especially as the US economic performance proves resilient, while inflation remains above 2%.

Earlier US data showed available job openings rose to 8.8 million jobs in February, above 8.7 million jobs in January. 

Otherwise, the dollar index fell 0.2% as of 15:41 GMT to 104.8, with a session-high at 105.1, and a low at 104.6. 

On trading, gold spot prices rose 1.6% as of 18:26 GMT, or $34.6 to $2291.90 an ounce. 

Commodities News

Gold News


Gold surpasses $2400 for first time ever
2024-04-16 20:03PM UTC
Gold prices rallied on Tuesday and scaled fresh record highs on strong haven demand, as global ...
Oil News


Oil prices hover near two-week lows as markets expect little response from Israel to Iran's attacks
2024-04-16 13:17PM UTC
Global oil prices fell in American trade on Tuesday, approaching two-week lows as the US now ...
Gold News


Will gold prices scale $3000 an ounce in 2024?
2024-04-16 11:59AM UTC
Gold prices continued to move in a positive zone and approached the record highs scaled last week ...

Commodities Technical Analysis

Brent oil Analysis


Brent oil price forecast update 16-04-2024
2024-04-16 09:52AM UTC
Brent Oil Price Forecast Brent oil price finds solid resistance at 90.90$, to show negative ...
Oil Analysis


Crude oil price forecast update 16-04-2024
2024-04-16 09:48AM UTC
Crude Oil Price Forecast Crude oil price trades negatively to press on 85.45$ support line, ...
Silver Analysis


Silver price forecast update 16-04-2024
2024-04-16 09:48AM UTC
Silver Price Forecast Silver price faces clear negative pressure now, to approach the key ...