Latest News of Gold

Gold is recovering from a series of five consecutive days of decline and is rising again after reaching its lowest level in 5 weeks, which it reached in the last session.

Currently trading around 1245-46 dollars, the precious metal is benefiting from a new wave of global trading marked by a certain degree of risk aversion, which tends to stimulate demand for traditional assets (so-called "safe havens").

In addition, a slight easing around the US dollar also increased support for this dollar-denominated commodity and contributed to the recovery trend of the metal.

However, it remains to be seen whether the yellow metal is capable of sustaining this recovery, given the rising expectations of a Fed rate hike by the end of 2017, driven by optimistic comments from various members of the Fed. FOMC.

Despite somewhat sullen figures in the United States, which have not shown consistent economic growth, higher interest rates in the United States have been a key contributing factor in easing the appetite of Investors for unprofitable products and could therefore hinder a rapid recovery.