Gold fell 0.82% to ₹96,472 on concerns over US trade tariffs and expectations of interest rate hikes. The president’s threat to impose higher tariffs on imports from key partners like Japan and South Korea also spooked global markets. Better-than-expected US employment data reduced the chances of an interest rate cut soon, further reducing the appeal…
Gold prices edged higher on Friday after a sharp decline the previous day. They are on track to finish the week higher on concerns about the U.S. budget deficit and new trade tariffs. Spot gold rose 0.3% to $3,337.50 an ounce, while gold futures for August rose 0.1% to $3,347.52 an ounce. On Thursday, gold…
Gold prices fell 0.21% as investors sold gold and covered losses in other investments as the Israel-Iran conflict intensified. The US has said that it may cut interest rates twice, even if it keeps them unchanged. The US President pressed for a deeper cut. In a survey by the ‘World Gold Council’, 95% of central…
Gold prices closed down 0.5% at ₹95,937 as investors felt less need to buy gold for safety. The decline came after the president delayed the planned 50% tax on European imports. The tax, which was supposed to start on June 1, has now been pushed back to July 9. The US President also warned Apple…
Gold prices fell as investors turned more cautious due to rising trade tensions. However, gold still rose 0.93% to close at 96,421 on growing concerns about the economy and global politics. The US President has threatened to impose a 25% tariff on goods coming from the European Union from June 1 if Apple does not…
Gold prices fell marginally to ₹95,536 as many traders decided to book profits after recent gains. The recovery in the US dollar index after three days of decline also contributed to the small decline. Even with the decline, the long-term outlook for gold remains strong. Concerns about the US economy, especially after Moody’s downgraded the…
Gold prices rose 0.93% to close at 93,297 on concerns about the US economy and government debt. Credit rating agency Moody’s downgraded the US government’s rating, citing high debt and rising interest costs. This increased the appeal of gold as a safe-haven investment for investors. Gold fell more than 3% last week, but it rebounded…
Physical and exchange-traded funds are expected to drive demand for gold as the risk of a US recession increases. Reuters The company’s chief executive is more optimistic than ever about gold. It has made its third increase this year, increasing its prediction for gold prices to $3,700 an ounce by the end of 2025. Gold’s…
