The dollar index stayed below 104, and gold showed a slight rise, closing at 61,181, up 0.1%. Awaiting the Federal Reserve’s policy announcement on Wednesday, investors were intently examining the most recent Consumer Price Index (CPI) report. In line with market predictions, the U.S. consumer price inflation rate decreased to 3.1% in November, the lowest…
The reason behind the -0.33% decline in gold prices that occurred recently, with a closing price of 61024, is traders assessing the monetary policy environment. The Fed’s cautious approach and intention to continue a tight policy for an extended length of time were evident in the FOMC minutes. With a minor decline in betting on…
A depressing U.S. economic report was the main factor driving yesterday’s 0.18% increase in gold prices to settle at 61,020. Some Federal Reserve Board members who worry that the U.S. economy is overheating may find their worries reduced as a result of this research. Non-farm payrolls grew by 150,000 in October, according to the U.S….
Global central banks have been purchasing gold at an unprecedented rate, which has increased demand for the metal (excluding OTC) to 1,147 tons in the July–September quarter, 8% more than its five-year average, according to the most recent data. The third highest quarter in the World Gold Council’s data series saw net central bank purchases…
On October 25, gold prices rose as a result of falling U.S. Treasury yields, but the safe-haven demand for gold began to wane, making further gains difficult. After officials from all around the world tried to defuse the Israel-Hamas conflict, this development occurred. After falling the previous two days, spot gold increased by 0.3 percent…
On Monday, October 23, gold prices in India were trading down due to weak bullion demand in the spot market. For 22-carat and 24-carat gold, respectively, the prices in Delhi were Rs 56,500 and Rs 61,600 per 10 grammes. Additionally, the cost of silver decreased by Rs 200 to Rs 75,100 per kg. Lower rates…
India’s foreign exchange reserves rose by USD 1.153 billion to USD 585.895 billion in the week ending October 13, following many weeks of declines, as per RBI statistics. Overall reserves fell by USD 2.166 billion to USD 584.742 billion in the preceding reporting week. The nation’s foreign exchange reserves hit an all-time high of USD…
Due to a strong U.S. currency and a spike in Treasury yields, gold prices on the important London spot market fell to their lowest point in six months. Demand for U.S. assets grew as investors anticipated interest rates would rise for an extended period. In spite of the weaker Indian Rupee, domestic gold prices fell…
When compared to the same month the previous year, India’s mineral output increased by 10.7% in July 2023. According to a Ministry of Mines announcement, the index of mineral production in the mining and quarrying industry was 111.9 in July 2023, which is 10.7 percent higher than the previous month. According to preliminary data from…
The U.S. dollar lost ground on six-month highs reached last week, while gold prices rose to two-week highs on Tuesday as investors’ attention turned to the Federal Reserve’s two-day policy meeting, which gets underway later in the day. FUNDAMENTALS After reaching its highest price since September 5 earlier in the session, spot gold was stable…
