Silver prices slightly declined by 0.01% to 85,658, driven by higher U.S. bond yields and awaited inflation data. The Federal Reserve emphasized the need to adjust monetary policy due to labor market risks and confidence in inflation’s 2% target. U.S. durable goods orders exceeded expectations in July, shaping market expectations. Future rate adjustments remain under…
Although gold prices somewhat declined in Asian trade on Monday, they were still close to record highs last week as the expectation of lower U.S. interest rates pummelling the dollar gave the metal markets a better outlook. Yellow metal reached all-time highs last week, leading to gains in the metal markets as traders cheered the…
As the dollar and Treasury rates declined in response to remarks made by the chair of the Federal Reserve that suggested an interest rate cut in September, gold prices increased by more than 1% on Friday. Although it was down from Tuesday’s record high of $2,531.60, spot gold increased 1.2% to $2,512.63 per ounce. US…
Gold saw a 1.77% increase to close at 71,375, fuelled by increasing hope for a September rate cut in the US. However, the market’s expectations have cooled, tempering expectations for rapid easing by the Federal Reserve due to recent strong economic statistics. are inclined to agree to a rate decrease next month. The gold market…
Tuesday’s Asian trading saw a decline in gold prices, but they were still at record highs due to the demand for safe-haven assets brought on by worries about an Iranian attack on Israel. Gold futures expiring in December dropped 0.1% to $2,501.45 an ounce, while spot gold declined 0.4% to $2,460.78. While spot prices continued…
In Asian trade, oil prices increased, continuing a recent upward trend as speculation about tighter supply and stronger demand in the largest fuel consumer in the world increased in response to a larger-than-expected drop in U.S. stockpiles. The previous week has seen sharp losses in the crude markets as worries about slowing global demand were…
Yesterday, rising U.S. Treasury yields and a stronger currency put pressure on gold, which finished the day down -0.14% at 715554. According to data from the World Gold Council, central banks purchased a net 10 tonnes of gold in May, a substantial decrease from the 56% increase in April and well below the 42 tonnes…
The federal government authorized duty-free imports of yellow peas in early December with a target date of March 2024; this was later extended to April and finally June. It was a component of New Delhi’s involvement to lower the pulse basket’s overall pricing. The 50% tariff on yellow peas reportedly went into effect for the…
Silver prices saw a small increase of 0.1% to close at 82496 as investors kept a close eye on the Federal Reserve’s monetary policy path after the US Personal Consumption Expenditures (PCE) data was released. The annual rates exceeded projections, even though the monthly key and core inflation rates aligned with expectations. This highlights ongoing…
After prices fell on worries about weak demand, copper rose yesterday by 0.41% to close at 742.2. After China’s reopening, investors were unimpressed by the volume of purchases made there. Given the lack of demand for physical delivery, the Yanghsan copper premium has been more than cut in half since mid-March to $23 a tonne….
