Gold prices reached record highs on Monday due to the U.S. Federal Reserve’s interest rate cut and signs of further reductions. Spot gold remained near $2,619.37 per ounce, while U.S. gold futures edged 0.1% lower to $2,643.90. The Fed began easing monetary policy with a half-percentage-point rate cut on Wednesday, forecasting a further half-point reduction…
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…
Gold’s price surge surpasses oil and copper, attracting central bank purchases in emerging markets. Unlike fiat currencies, its limited supply protects against inflation and currency devaluation, ensuring stability and financial stability. Gold also lacks credit or counterparty risk. Geopolitical factors drive gold demand, with 81% of central banks expecting global gold reserves to increase, and…
Gold prices fell by 0.8%, settling at 71,611 INR per 10 grams due to strengthening U.S. dollar and Treasury yields following inflation data. However, gold ended the week positively due to anticipation of a potential interest rate cut by the U.S. Federal Reserve in September. The personal consumption expenditures price index rose by 0.2% in…
Although gold prices somewhat declined in Asian trade on Monday, they were still close to record highs last week as the expectation of lower U.S. interest rates pummelling the dollar gave the metal markets a better outlook. Yellow metal reached all-time highs last week, leading to gains in the metal markets as traders cheered the…
As the dollar and Treasury rates declined in response to remarks made by the chair of the Federal Reserve that suggested an interest rate cut in September, gold prices increased by more than 1% on Friday. Although it was down from Tuesday’s record high of $2,531.60, spot gold increased 1.2% to $2,512.63 per ounce. US…
Gold saw a 1.77% increase to close at 71,375, fuelled by increasing hope for a September rate cut in the US. However, the market’s expectations have cooled, tempering expectations for rapid easing by the Federal Reserve due to recent strong economic statistics. are inclined to agree to a rate decrease next month. The gold market…
As predictions that the Federal Reserve will start reducing rates grew in response to less-than-expected U.S. consumer inflation statistics, gold prices increased in Asian trade on Thursday and remained near record highs. Better risk appetite also restrained gains in the yellow metal, and traders were positioning for a more modest rate decrease in September due…
The price of gold increased by Rs 1,100 to Rs 72,450 per 10 grammes in the nation’s capital on Friday due to rising domestic demand and signals from the international market. The price of precious metal per 10 grammes had ended at Rs 71,350 during the previous session. In addition, the cost of silver increased…
The dollar strengthened on Friday, and some investors booked profits after the metal’s recent run due to growing anticipation of a U.S. interest rate reduction in September. As a result, gold prices fell more than 1%. At $2,404.34 per ounce, spot gold was down 1.7% from its peak. On Wednesday, gold reached a record-breaking $2,483.60….
