Information Center by DahabMasr

We have collected all the triggering announcements of The third week of feburary here.

You can find the reason behind every move at gold's price here.

We have collected all the triggering announcements of The first week of feburary here.

You can find the reason behind every move at gold's price here.

Following yesterday’s rally in a short-squeeze, gold prices continued to refresh two-month highs seen around $1,846 earlier in a largely quiet session on Thursday. On Wednesday, the precious metal saw the largest daily gains since November, deriving support from a downside correction in US Treasury yields that pushed the dollar lower.

After a strong 2020 performance where the price rallied 25% in US dollar terms in an environment where rates fell, gold has been much weaker during 2021, down 5% year-to-date with rising rates. While demand for gold has rebounded, particularly in the jewelry and bar and coin markets, the recent gold price sell-off has been largely driven by the sharp increase in interest rates in global fixed income markets relative to the record lows they reached last year 

Gold—Not Just a commodity

Gold is often part of the broad commodity complex: as a component of a commodity index, a holding in an ETF, or a future trading on a commodity exchange. While gold shares some similarities with commodities