Gold prices rose 0.2% to 1,01,468 on MCX, following a recent high above 1,02,000. The increase was fueled by trade tensions and expectations of US interest rate cuts. US President’s tariffs, including a 100% tariff on imported semiconductors, boosted sentiment. CME FedWatch predicted a 91% chance of a September rate cut. Citi raised its gold…
Gold prices rose 1.45% to ₹101,204 as investors expected the US central bank to cut interest rates soon. There is an 81% chance of a rate cut in September. Gold was also boosted by rising global tensions. The president raised import duties on goods from several countries to between 10% and 41%. Citi raised its…
Gold prices fell 0.28% to 97,545 as the US dollar strengthened after the US-EU trade deal. At the same time, the US imposed a 15% tariff on some European goods. This increased demand for the dollar and lowered gold prices. In June, Swiss gold exports rose 44% to their highest level since March, with large…
Gold prices rose 0.59% to ₹97,788 on the back of the latest US economic data and the president’s trade policy speech. According to the CME FedWatch tool, the probability of a rate cut in September is 59.9%, while the July meeting is expected to be in the range of 4.25%–4.50%. Globally, central banks continued their…
Gold prices fell in Asia on Thursday because investors were less worried after the U.S. president calmed fears that he might fire the head of the Federal Reserve too soon. Other metal prices also dropped due to the strong U.S. dollar, which stayed close to a three-week high after inflation data showed that prices didn’t…
Gold rose 0.24% to close at ₹96,691. The US Federal Reserve’s (Fed) June meeting action notes gave a nod to a rate cut. The bank’s dovish approach, given the tax-related inflation and economic data, confirms the central bank’s stance. As for the central bank’s stance, China’s gold reserves rose slightly in June to 73.90 million…
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 rose 1.22% to ₹97,251 on concerns over US trade deals and government spending. The US dollar weakened as investors worried about the government’s big spending and tax cut plans, which could lead to more borrowing. This made investors move their money into safe-haven assets like gold. Many expect the Federal Reserve to cut…
Gold prices were mostly unchanged in Asian markets on Thursday. Low interest rates provided some support to a weaker US dollar after the president criticized the Federal Reserve chairman. Earlier this week, gold prices fell sharply due to the ongoing ceasefire between Israel and Iran. The peace deal has dampened demand for safe-haven assets like…
Gold prices fell 2.38% to ₹97,023 as investors questioned how long the ceasefire between Iran and Israel would last. Fresh reports of missile strikes and military action have re-ignited concerns, leading to uncertainty over the ceasefire. Another reason for the decline was that the US Federal Reserve chairman said in a speech that while inflation…
