Gold price rallies from 6-week low

Gold prices rose from six-week lows Monday morning, hit after new data said speculators cut their bullish betting the fastest in 19 months last week but the giant GLD gold-backed ETF expanded for the first time since New Year, writes Atsuko Whitehouse at BullionVault.

Chinese gold premiums meantime rose again, reaching a 12-month high and suggesting that 2020’s glut of supply versus demand may have been worked through ahead of Lunar New Year 2021. 

Spot gold prices for London settlement rose 0.4% to $1836 per ounce after falling in Asian trade to $1810, the lowest since 2nd December.

KEFI Gold & Copper plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
KEFI Minerals Plc

More articles like this

KEFI Gold and Copper

Gold firms on lower bond yields

Gold prices inched higher on Wednesday, helped by a fall in U.S. bond yields, with investors holding back from making large bets ahead of U.S. inflation data and the European Central Bank policy meeting this week. Spot gold

KEFI Gold and Copper

Will gold hit a new all-time-high this year?

Incrementum AG sees a 45% probability of the gold price hitting a new all-time high at $2,100 or higher as early as December 2021. Authored by Ronald Stoeferle and Mark Valek, and now in its 50th iteration, the

KEFI Gold and Copper

Copper and other industrial metals prices rise

Copper and other industrial metals prices rose sharply on Thursday, helped by strong U.S. data, the threat of strikes at mines in top copper producer Chile and an easing of fears that China, the biggest consumer, will tighten

KEFI Gold and Copper

Gold price resumes the rise

Gold price begins today positively to move away from the intraday bullish channel’s support line, to support the continuation of the expected bullish trend scenario on the intraday and short term basis, which targets 1900.00 as a next

KEFI Gold and Copper

A bright future

The immediate need to rebuild our economies after Covid-19, regulatory driven change and the longer-term global threat of climate change are some issues that have persuaded governments across the world to buy into the mantra of ‘build back