Gold prices edged higher on Tuesday in the global markets after striking a near one-month low in the last session, helped by a slight pullback in the dollar although remaining worries over further hostile U.S. interest rate stroll kept the rise in check. Spot gold was up 0.2% at $1,738.90 per ounce, after striking its…
Gold prices struggled for momentum on August 10 in the international markets, as investors refrained from making big bets ahead of U.S. inflation data, which is expected to influence the pace of Federal Reserve rate hikes. Today morning the gold contracts were trading 0.24 percent lower on the Multi-Commodity Exchange (MCX) at Rs. 52,361 for 10 grams…
Gold prices traded in a tight range on Wednesday in international markets, pressured by a stronger dollar and Treasury yields as hawkish comments from U.S. Federal Reserve officials pulled the metal further away from last session’s one-month peak. But the yellow metal prices were steady on Thursday, supported by a pullback in the U.S. Treasury…
The gold price was up in Friday’s early trade, as the yellow metal’s price increased by Rs 230 from the previous day’s rate with 10 grams of 24-carat gold selling at Rs 51,990. Meanwhile, 10 grams of 22-carat gold, after a decrease of Rs 200, is trading at Rs 47,650. On the other handThe prices…
Commodity prices traded lower with most of the commodities in the non-agro segment ended lower during the week as stronger dollar and recession fears discouraged demand. Bullion prices declined on aggressive FED despite record inflation. Base metals traded weak on China lockdown and demand growth concerns. Crude oil prices declined by more than 9% as…
Despite the relentless noise in the markets about price pressures, the gold bullion can be heard as the yellow metal could not accumulate above $1,900 for the second straight week on Friday. A mixed U.S. Jobs’ image helped transcend the other standard of gold – a haven – to crawl near the $1,800 levels that…
