The price of gold, which had reached a historic high of around $4,900 per ounce in the previous trading session, remained largely stable in the Asian market on Thursday. This was mainly due to the U.S. President backing down from his earlier strong warnings regarding tensions over Greenland and imposing tariffs on European countries. This…
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 continue to rise as expectations of a December rate cut grow. Traders in Asia pushed gold prices higher on Tuesday, Recently, markets increased expectations for a December rate cut after two Fed officials voiced support for a rate cut next month. Gold has hit several new highs this year since the Fed cut…
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…
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…
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 rose marginally by 0.29% to close at ₹97,270 yesterday. The small increase came despite trade deals and strong US jobs data limiting how much prices could rise. The US has made progress on several trade deals and delayed some tariffs until August 1. However, the new tariffs set to kick in on July…
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…
