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…
Gold prices fell 0.78% to 92,441 on progress in US-China trade talks. The US cut tariffs on small Chinese imports and announced a 90-day pause in trade tensions with China. The measures reduced global uncertainty, making gold a “safe haven” investment. However, expectations that the US Federal Reserve may cut interest rates later this year…
Gold is currently trading at $3,140, down more than 10% from its peak in April, marking a considerable decline in price from its all-time highs. Because of a decline in demand for safe-haven assets and a reduction in global trade tensions, the price has fallen more than 2% and hit a five-week low. The United…
The price of gold in India has fallen below Rs 95,000, reaching a one-week low as the yellow metal still faces challenges. Since the truce between India and Pakistan was established, the price of gold has dropped by Rs 3,430 per ten grams. Following the declaration of a truce by both India and Pakistan, tensions…
Gold prices rose in Asian trading on Friday after two days of declines. This happened as investors awaited Chinese trade talks and considered the implications of a new US-UK trade deal. At first, gold prices fell in early Asian trading as experts were unsure whether the UK deal would lead to less tension. But then,…
Gold prices rose 0.32% to ₹87,554 on the back of continued uncertainty over US tariffs and their potential to dampen global economic growth. Also, Hong Kong’s gold imports from China rose 7.5% to 14.851 metric tonnes in February from 13.816 tonnes in January, indicating steady demand from the world’s largest gold consumer. The Fed kept…
Investors were waiting for key US inflation data due to book profits, which will provide more clues about the Federal Reserve’s interest rate policy. Market sentiment suggests it will cut rates again in June after cutting rates three times in 2024. China’s reserves rose to 73.61 million fine troy ounces in February from 73.45 million…
Gold prices closed up 0.26% at 85,874 as market attention continued on the US President’s tax measures that have fueled fears of a looming trade war. India’s gold imports are expected to fall by a staggering 85% in February from a year earlier, hitting their lowest level in 20 years as a result of ongoing…
A weaker dollar and rising trade war fears helped gold prices rise 0.43% to 85,055. The US president’s decision to impose reciprocal tariffs on countries that impose tariffs on US imports has fuelled inflation fears, which has boosted demand for gold. Meanwhile, gold reserves in London storage facilities fell 1.7% to 8,535 metric tonnes at…
Gold prices fell 0.34% to ₹85,523 after hitting a record high as investors booked profits. The decline was driven by concerns over a global trade war following the US President’s decision to impose 25% tariffs on steel and aluminium imports. Also, for the third consecutive month, China’s central bank increased its gold reserves, which totalled…
