Gold and silver reached new record highs on Friday as investors flocked to safe-haven assets amid rising global tensions and a weakening US dollar.This shift was largely driven by geopolitical factors. Silver followed gold’s advance, boosted by its industrial applications, particularly in electronics and clean energy technologies, and its safe-haven appeal. Analysts say that while…
Gold prices rose slightly in Asian markets on Wednesday on expectations that the US Federal Reserve (Fed) will cut interest rates. Silver prices rose faster than gold, hitting a new high above $62 an ounce as silver is expected to be in tight supply and in high demand next year. In addition, the US dollar…
Gold prices experienced stability during Asian trading on Wednesday, remaining largely unchanged as investors anticipated key U.S. economic data and a Federal Reserve meeting scheduled for next week, where a rate cut is widely expected. Spot gold was flat at $4,204.55 per ounce, while U.S. Gold Futures rose by 0.4% to $4,235.75. Earlier in the…
Gold prices fell in Asian markets on Tuesday. The reason was that US Treasury interest rates rose. Investors were cautious due to several important economic data and a major policy announcement by the US Federal Reserve. The US 10-year Treasury yield was near its highest level in the past two weeks. Generally, buying gold is…
Gold prices have risen due to increased demand for safe-haven assets and heightened activity from traditional buyers during the wedding season. As of December 1, spot gold was priced around $4,239 per ounce, influenced by expectations of a potential US Federal Reserve rate cut. In the Indian market, gold futures on the Multi-Commodity Exchange (MCX)…
Gold prices rose in Asian trade on Friday as expectations grew that the US Federal Reserve would cut interest rates next month. This brought gold to four consecutive months of gains in November. Spot gold rose 4.6% in November, registering a fourth straight monthly gain. But last week, gold rose sharply as expectations of a…
Due to a sharp rise in the value of gold reserves, India’s foreign exchange reserves increased $5.543 billion to $692.576 billion during the week ending November 14, the RBI reported on Friday. In the previous reporting week, the total reserves had decreased by $2.699 billion to $687.034 billion. According to figures issued on Friday, foreign…
Gold prices fell further in Asian markets on Tuesday. The US dollar strengthened, boosting hopes that the US Federal Reserve (Fed) will not cut interest rates in December. Gold is losing its appeal compared to fixed-income US government bonds, which offer higher yields and longer maturities. Recent comments by Fed officials have further weakened the…
Due to a rise in gold imports and a fall in exports to the United States, India’s goods trade imbalance grew to a new high of $41.68 billion in October, according to government figures released on Monday. September saw a 13-month high of $32.15 billion for the trade deficit. The Reserve Bank of India reports…
Gold prices rose in Asian markets on Friday, as tensions over the US economy increased after the US Federal Reserve said it would cut interest rates in December. This week, gold easily surpassed the key $4,000 an ounce mark, marking its first weekly gain in four years.Other precious metals have also risen in price. Spot…
