Gold prices fell 0.61% to 95,875 as strong US economic data reduced the likelihood of an immediate interest rate cut by the Federal Reserve. April data showed that personal income in the US rose more than expected and spending and inflation were in line with forecasts. This reduced the attractiveness of non-interest-bearing gold and increased…
Due to continued concerns about the trade war and anticipation of a rate cut by the US Federal Reserve, safe-haven gold rose to a record high on Friday, trading near the crucial $3,000 threshold. At the Morning, the price of spot gold was steady at $2,990.54 an ounce. A record high of $2,993.80 was reached…
Gold prices increased by 0.1% yesterday, closing at 71,654, as investors became cautious ahead of important economic data that could affect the Federal Reserve’s interest rate choices. U.S. Treasury yields also stayed steady. According to recent data, consumer spending increased somewhat in May, while U.S. prices remained steady. The Federal Reserve is currently seen by…
High gold prices, a lack of participant interest, and inadequate liquidity, according to traders, have made trading on Indian International Bullion Exchange (IIBX), the country’s first international bullion platform, lackluster. Beginning in July, IIBX is operating out of the International Financial Services Centre (IFSC) building in Gandhinagar’s Gujarat International Finance Technology City (GIFT City). Given…
Copper futures increased by almost 4% on Thursday. With the gains, copper is now on track to post a weekly rise of more than 4%. The mine’s 44-day strike in 2017 caused a serious shortage of copper, which in turn drove up prices. On Friday, copper futures were unchanged. Copper prices were poised for a…
