Gold price gains for second consecutive week, silver surges to 11-year peak

Gold price gains for second consecutive week, silver surges to 11-year peak

At 1304 GMT, spot gold surged by 0.9% to $2,396.81 per ounce. Bullion prices have climbed by 1.5% this week, following a one-month high on Thursday. In the meantime, gold futures for June delivery in the U.S. concluded 0.4% lower, settling at 2385.50 per ounce. “Gold prices inched higher, hovering near $2400 while silver marked … Read more

Gold slips as US dollar strengthens, investors await Fed officials comments; silver trades flat

Gold slips as US dollar strengthens, investors await Fed officials comments; silver trades flat

Gold prices declined on Tuesday as the U.S. dollar strengthened, with investors anticipating additional remarks from Federal Reserve officials to gain insight into the potential timing of interest rate adjustments.  Spot gold decreased by 0.5% to $2,312.29 per ounce by 1218 GMT, while U.S. gold futures also fell by 0.5% to $2,320.60 per ounce. The … Read more