Gold futures were on the upward drive on Tuesday and taking silver futures along for the ride as the yellowish metal capitalized on losses to the U.S. dollar, according to Bloomberg.
Gold futures were on the rise on Friday, representing a rare upward drive amid low confidence among gold bugs for bullion’s prospects as the U.S. economy strengthens, according to Bloomberg.
The U.S.’ strengthening economy dragged down gold futures on Wednesday as the yellowish metal slumped to its lowest level in nearly five months, according to Bloomberg.
Indications about a growing U.S. economy prompted copper futures to lose value on Tuesday amid speculation that the U.S. Federal Reserve is set to reduce the amount of economy-spurring monetary stimulus measures, according to Bloomberg.
Confidence about the U.S. Federal Reserve preparing to taper economy-spurring monetary stimulus measures pulled down gold futures on Thursday as silver futures tracked bullion’s slump, according to Bloomberg.
Reduced demand and questions about the status of economy-spurring stimulus measures in the U.S. prompted gold futures to ebb and flow on Tuesday, according to Bloomberg.
Copper futures were hovering near their lowest value in about 90 days on Monday after the globe’s largest consumer of the base metal publicized economic and social reforms for the first time in nearly 30 years late last week, according to Reuters.
Economic data about the labor market of the world’s largest economy prompted gold futures to climb in value on Thursday, according to Bloomberg.
Speculation about the U.S. Federal Reserve tapering monetary stimulus measures earlier than forecast prompted copper futures to drop to their lowest value in 90 days on Wednesday, according to Bloomberg.
Indications about the growing strength of the U.S. economy prompted gold futures to lose value for a fourth consecutive trading session on Tuesday, according to Bloomberg.