News list for "Gold Period"
Gold futures prices fell and are set to close lower this week. Ole Hansen, head of commodity strategy at Saxo Bank, said there was a strong rally in precious metals such as gold in the run-up to the US election. However, gold prices fell sharply after a simultaneous surge in the dollar and yields forced prices down. Even so, Hansen believes there is no reason to change their bullish stance on precious metals. In the worst case scenario, the pullback over the past week has been a reversal of week...
Gold futures rose 0.2% to above $2,750/oz. JPMorgan analysts said in the report that gold is the commodity of choice to hedge against the upcoming US election. JPMorgan said that a Harris victory would indicate policy continuity and trend growth, while a Trump victory could lead to major policy changes. Therefore, if Republicans sweep the election under Trump, gold and silver could rise further under the influence of market uncertainty. JPMorgan said that...
