Keywords: Gold prices


Gold Price Decline Seen as Temporary Correction, Says World Gold Council

Recent weakness in gold prices should be viewed as a temporary market correction rather than the beginning of a prolonged downward trend, according to senior officials at the World Gold Council. Market analysts note that despite short-term fluctuations, the fundamental factors supporting gold remain......

Record gold prices drive some luxury watches to the melting furnace

The surge in global gold prices is creating an unexpected trend in the luxury watch market, with some vintage timepieces being melted down for their precious metal content rather than being sold as collectible items. As gold continues to trade near historic highs, the value of the metal contained in......

Rolex raises gold watch prices as demand remains strong among wealthy buyers

Swiss luxury watchmaker Rolex has increased the global prices of its gold watches by an average of 5%, marking another adjustment in a year characterized by rising production costs and sustained demand for high-end timepieces. The latest increase reflects the continued rise in gold prices, which have......

Barrick Mining beats first-quarter profit estimates on higher gold prices

Gold producer Barrick Mining reported stronger-than-expected first-quarter earnings, driven mainly by a sharp rise in gold prices, even as production volumes declined compared to the previous year. The company benefited from a significant increase in global gold prices, which reached record levels during......

Türkiye’s BIST 100 opens slightly higher amid mixed early market signals

Türkiye’s financial markets opened the trading session on a cautious but positive note, with the BIST 100 recording a slight increase at the start of Wednesday’s trading. The index opened at 14,236.21 points, marking a modest gain of 0.24% compared to the previous session. The movement......

Gold prices dip below $5,000 after Fed official's cautious rate cut remarks

Gold prices fell sharply on Thursday, dropping below the $5,000 per ounce mark as a stronger US dollar and cautious signals from Federal Reserve officials dampened investor enthusiasm for the precious metal. Spot gold traded between $4,835 and $4,920 during the session, marking a decline of more than......

European stocks rebound as record gold prices boost mining sector

European stock markets climbed Thursday, fueled by soaring precious metals prices that propelled mining shares higher, even as technology stocks faced headwinds from disappointing results at SAP. London's FTSE 100 rose 0.6% to 10,217.40 points by midday, while the pan-European STOXX 600 gained 0.4%......

Gold hits record $4,600 per ounce amid Fed probe and Iran unrest

Gold prices surged past $4,600 per ounce for the first time on Monday, driven by investors flocking to safe-haven assets. This milestone came as the U.S. Department of Justice launched a criminal investigation into Federal Reserve Chair Jerome Powell, coupled with escalating violence from protests across......

Gold and silver face $11 billion sell-off from index rebalancing

Gold and silver prices ended mixed on Friday after a strong start to the year, as traders braced for substantial selling pressure from the annual rebalancing of the Bloomberg Commodity Index set to begin next week. Gold settled at $4,332.88 per ounce, up 0.33 percent, while silver closed at $72.80, gaining......