Swati Verma
Swati Verma
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Gold nears seven-month low as dollar soars

Gold nears seven-month low as dollar soars

Subscribe now Spot gold eased 0.1% to $1,820.70 per ounce by 3.32am GMT, while US gold futures dropped 0.3% to $1,836.20.Prices fell for a seventh consecutive session on Tuesday to touch their lowest levels since March at $1,813.90, as the US dollar strengthened on data showing US job openings unexpectedly increased in August.The unexpected rise in August US job openings highlights the durability of labour demand, NAB Resources said, adding that gold continues to decline on the higher-for-longer Federal Reserve rates outlook, strengthening US bond yields and dollar.US treasury secretary...

Oct 4
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EXCLUSIVE China opens its borders to billions of dollars of gold imports - sources

EXCLUSIVE China opens its borders to billions of dollars of gold imports - sources

Register now for FREE unlimited access to Reuters.comBEIJING/LONDON/BENGALURU, April 16 (Reuters) - China has given domestic and international banks permission to import large amounts of gold into the country, five sources familiar with the matter said, potentially helping to support global gold prices after months of declines.China is the world's biggest gold consumer, gobbling up hundreds of tonnes of the precious metal worth tens of billions of dollars each year, but its imports plunged as the coronavirus spread and local demand dried up.With China's economy rebounding strongly since the...

April 16, 2021
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