9th May 2025

Gold Prices Rise Following Weaker US Dollar

Gold and silver futures are higher in early U.S. trading on Friday. Gold is seeing a solid rebound, correcting recent downward pressure thanks to a weakening U.S. dollar index and rising crude oil prices. The precious metal gained $31.20, reaching $3,337.30 per ounce.Source: Kitco News

8th May 2025

Gold Prices Slightly Lower Due to Profit-Taking and Increased Risk Appetite

Gold and silver futures are down in early U.S. trading today, due to profit-taking following gains earlier in the week. Traders and investors are showing a greater appetite for risk, supported by a strengthening U.S. dollar index. June gold has dropped by $40.40 to $3,321.50 per ounce, while silver is down $0.216, settling at $32.575 per ounce.Source: Kitco News

7th May 2025

China, Poland, and the Czech Republic increase gold reserves in april despite record-high prices

China’s gold reserves continued to grow, marking the sixth consecutive month of purchases in April. Since the beginning of the year, the country has accumulated 15 tonnes of gold. Purchases have also increased in Poland, with 61 tonnes added so far in 2024, and in the Czech Republic, which added 2.5 tonnes in april alone. The Czech National Bank has been steadily increasing its reserves for 26 consecutive months, during which it has accumulated a total of 47 tonnes of the precious metal.
Source: Kitco News