Archive for Tag: GOLDMAN SACHS Market News

Gold Down, But Boosted By Weaker Dollar, Further U.S. Stimulus Bets

Gold was down on Friday morning in Asia, easing as U.S. Treasury yields gained but also aided by a weaker dollar and further U.S. stimulus bets. Gold Futuresedged down 0.17% at $1,862.65 by 11:35 PM ET (4:35 AM GMT). The dollarinched down on Friday. Benchmark treasury yields remained higher...

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Gold Perks up As Treasury Nominee Yellen Hints at Big Fiscal Deficit

Gold prices gained a leg higher on Tuesday, reacting to U.S. Treasury Secretary nominee Janet Yellen’s plans to fight the coronavirus-induced economic crisis with big spending. Gold for february deliveryon New York’s Comex settled up $10.30, or 0.6%, at $1,851.40 per ounce. The benchmark gold futures contract had been...

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Gold Down, Investors Await Biden’s “Trillions” in Stimulus Plans

Gold was down on Thursday morning in Asia, with investors awaiting details on U.S. President-elect Joe Biden’s plans for further stimulus measures. Gold Futureswere down 0.85% at $1,839.20 by 12:16 M ET (5:16 AM GMT). U.S. Treasury yields and the dollarboth saw rebounds on Thursday. Benchmark ten-year Treasury yields...

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Gold Down Over Firmer Dollar, High U.S. Treasury Yields

Gold was down on Tuesday morning in Asia, declining slightly as a firmer dollarand high Treasury yields outweighed U.S. political uncertainty and rising numbers of COVID-19 cases globally. Gold Futuresinched down 0.03% at $1,850.20 by 11:05 PM ET (4:05 AM GMT). Benchmark Treasury yields continued at 10-month highs as...

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