News
Flash news
Switzerland increases exports of physical gold
The yellow metal regains ground after an uncertain start to the day. The resistance threshold set at $4,700 per ounce has been reclaimed. Demand for safe-haven assets is rising, with Switzerland reporting a 30% increase in demand for gold due to global uncertainty.
Oil loses momentum due to US–Iran talks, while the dollar remains strong.
Gold prices are stable in today’s trading, with the dollar-per-ounce value still below $4,800. Expectations surrounding the talks have weakened oil, but the dollar has maintained its strength, making the ultimate safe-haven asset more expensive for foreign buyers.
A stronger dollar puts pressure on gold, but the decline is limited.
Gold prices edged slightly lower at the opening of today’s trading. The dollar is gaining strength due to rising energy commodity costs, while the safe-haven asset is down 0.91% at $4,776.91 per ounce.
[Source: Borsa Italiana]
Latest news
Quantitative & Asset Management Workshop 2022
Gold: overcame the resistance of $ 2000 yesterday
Price of gold in 2022: The three key factors
Italpreziosi becomes a certified partner Fairmined Authorized Supplier confirming its ESG commitment
