Tag : gold

Business

Gold falls below $4,000 after oil prices jump

omandailynews.com
NEW YORK / RankWire.AI / – Gold dropped about 3% on Monday, July 13, falling below $4,000 an ounce as oil prices surged and expectations for higher U.S. interest rates strengthened. Spot gold fell to $3,996.76 per ounce, its lowest level in two weeks. U.S. gold futures for August delivery......
Business

Gold steadies as markets watch US-Iran talks

omandailynews.com
ISLAMABAD: Gold prices held steady on Thursday as investors weighed a fragile U.S.-Iran ceasefire, preparations for talks in Islamabad and a fresh round of U.S. inflation data that could shape the Federal Reserve’s next move on interest rates. The metal stayed range-bound after a volatile week in which easing fears over a wider......
Business

Gold and silver selloff ripples into stocks and commodities

omandailynews.com
MENA Newswire, NEW YORK: Gold and silver prices tumbled in a sharp, disorderly selloff that erased an estimated $7 trillion in notional value across precious metals, after a record-setting rally gave way to forced liquidations, margin pressures, and a stronger U.S. dollar. The drop reverberated across commodities and global equities, underscoring how quickly......
Business

Precious metals market sees major year-end correction

omandailynews.com
EuroWire, NEW YORK: Precious metals fell sharply on Monday as investors locked in profits after a series of record-breaking rallies, leading to steep losses across gold, silver, and platinum markets. The downturn came amid light trading volumes ahead of the year-end, as markets closed one of the strongest years on record for precious metals. Spot......