Tag: gold prices

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Gold prices surge on rotation into ‘safety of gold, silver and bonds’
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Gold prices surge on rotation into ‘safety of gold, silver and bonds’

Gold futures rose sharply Thursday as equities sank with markets focused on longer-term worries about the economy after a two-day meeting of the Federal Open Market Committee officials that ended Wednesday. “We’re seeing a sector rotation out of risk assets like U.S. equities and into the safety of gold, silver […]

Gold prices fall following strong rise in October durable goods data
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Gold prices fall following strong rise in October durable goods data

Gold prices remain under pressure falling slightly but still holding critical support above $1,450 an ounce as momentum in the U.S. manufacturing sector rose significantly last month. Wednesday, a U.S. Commerce Department report showed U.S. durable-goods orders increased by 0.6% in October, up from September’s revised 1.4% drop. The headline […]