by IMXADMIN | Dec 26, 2020 | Gold Market, Market Overview, Precious Metals
Gold futures edged higher in a holiday-thinned trade on Thursday with many of the major players on the sidelines until after the New Year’s holiday. It was a light news day, but the headlines were mostly supportive. Investors remained optimistic over U.S. stimulus and...
by IMXADMIN | Dec 26, 2020 | Gold Market, Market Overview
Gold prices edged higher on Wednesday, bolstered by a weaker dollar, while investors kept hopes pinned on a US stimulus package, even after President Donald Trump threatened to not sign the relief bill. Spot gold was up 0.7% at $1,872.67 per ounce by 12:55 p.m. EST,...
by IMXADMIN | Dec 26, 2020 | Gold Market, Market Overview
Investors will be using the last week of the year to take stock, which could be beneficial to gold, according to analysts, who see traders taking equity profits off the table and reinvesting into safer assets. “Historically, we tend to see investors reflect on...
