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 on the Multi Commodity Exchange (MCX) rose by 0.56% to close the session at ₹98,015 per 10 grams, reflecting gains in the international bullion market. The weaker US dollar supported this, while silver prices remained largely unchanged. The gold rate rose by ₹542, or 0.56%, to close the session at ₹98,015 per 10…
Gold prices fell by 1.09% to settle at ₹99,178 per 10 grams on the MCX, despite geopolitical tensions in the Middle East. Investors are cautious ahead of key global central bank meetings, especially the U.S. Federal Reserve’s policy decision. Goldman Sachs forecasts prices to reach $3,700/oz by the end of 2025, and BofA suggests a…
Gold prices fell over 1% on Friday due to a stronger-than-expected US jobs report, which dampened hopes for Federal Reserve rate cuts this year. Spot gold fell 1.1% to $3,316.13 an ounce, but rose 0.8% for the week so far. U.S. gold futures settled 0.8% lower at $3,346.60. The Labor Department report showed that non-farm…
Many Indians now find it difficult to afford the precious metal as gold prices have increased by more than 40% and 70% in the past 24 months. Fear of missing out, or FOMO, is making more expensive gold accessible. As part of your overall financial plan, you must continue accumulating gold over time to prevent…
Gold prices rose Thursday as investors turned to gold as the US President escalated tariffs on China, the world’s top metal consumer. US President temporarily eased steep duties on several other countries, but he raised the tariff on Chinese imports to 125%, escalating a high-stakes confrontation between the two largest economies. Gold is traditionally seen…
Gold prices in Asian trade remained unchanged, despite the US Federal Reserve’s interest rate cuts this year. Spot Gold was at $2,607.65 per ounce, while Gold Futures expiring in February edged 0.2% lower to $2,620.22 an ounce. Gold prices have risen more than 26% in 2024 due to the Fed’s outsized rate cuts earlier this…
Gold prices rose on Friday due to a softer dollar and Treasury yields, following U.S. economic data showing a slowdown in inflation. Spot gold was up 1.2% at $2,624.15 per ounce, while U.S. gold futures settled 1.4% at $2,645.10. The dollar fell 0.6% from its two-year high, making gold less expensive for overseas buyers. The…
Gold prices fell slightly in Asian trade on Tuesday, but remained close to record highs amid growing confidence that the Federal Reserve will cut interest rates by a wide margin this week. Spot gold fell 0.2% to $2,578.03 an ounce, while gold futures expiring in December fell 0.1% to $2,605.05 an ounce. The dollar fell…
Gold prices fell slightly in Asian trade on Tuesday, but remained close to recent peaks as traders awaited key U.S. inflation data for more cues on the Federal Reserve’s plans to begin cutting interest rates. Spot gold came within spitting distance of a record high on Friday, but then pulled back as the dollar advanced…
