24th April 2025

Gold price rebounds thanks to market stalemate and bulls buying the dip

Gold prices are up in early U.S. trading today, recovering from the sharp losses on Wednesday. This is due to purchases by bulls taking advantage of the significant dip and a pause in global stock and financial markets, which are currently waiting for the next move in global trade. June gold rose by $57 to $3,351.10 per ounce. Source: Kitco News

23th April 2025

Gold down: easing US-China tensions and Trump-Powell cheer markets

Gold prices down considerably in today's U.S. trading, mainly due to heavy profit-taking by short-term traders. Softer tones from Trump toward Federal Reserve Chairman Jerome Powell, whom he denies he wants removed from office. The tycoon's openness also toward China, for which current tariffs (amounting to 145 percent) would seem likely to fall. Increased risk appetite plays havoc with the yellow metal, which fell $90.70 to $3,328.70 an ounce. Also down was silver, which lost $0.12 and settled at $32.785.Source: La Repubblica

22th April 2025

Unstoppable gold surpasses $3,500 an ounce

Gold futures prices for June break through a new all-time high, flying above $3,500 an ounce. Weighed down by Donald Trump's accusations against Jerome Powell, chairman of the U.S. central bank (FED) labeled by the tycoon as “Mr Too Late”; in reference to the banking institution's refusal to cut interest rates. Meanwhile, capital outflow from the United States continues, while the dollar lost 10.16 in the group of other currencies in the international system.
Source: La Repubblica