Wednesday’s gold prices didn’t move much, but they remained close to the record high they reached last week due to the Middle East crisis-driven demand for safe haven assets and the expectation of impending rate cuts by the US. spot gold was unchanged at $2,524.88 an ounce. On August 20, gold reached a record high…
Gold prices rose slightly in Asian trade on Friday, but fell from record highs on a pro-dollar Federal Reserve chief warning. Earlier this week, the yellow metal hit an all-time high on increasing hopes that the central bank will cut interest rates in September. Despite some profit-taking and a decline in prices, gold was relatively…
Gold prices fell to record lows in Asian trade on Thursday, as the yellow metal’s rally cooled, as U.S. interest rate cuts and a slowdown eased. The yellow metal hit an expected high this week the Federal Reserve will begin cutting rates in September. Spot gold fell 0.5% to $2,500.55 an ounce, while gold futures…
As the prospect of lower U.S. interest rates hurt the dollar and encouraged more flows into the yellow metal, gold prices steadied in Asian trade on Wednesday after reaching record highs this week. Both spot and December-expiring gold futures saw 0.1% and 0.1% increases, respectively, to $2,515.44 and $2,553.35 an ounce. At $2,531.72 an ounce…
Tuesday’s opening price for the gold October futures contracts at MCX was Rs 71,513 per 10 grams, down 0.1% or Rs 71, while the silver September futures contracts were trading at Rs 84,426/kg, up 0.1% or Rs 88. Over the past three days, there has been a gain of roughly Rs 1,400/10 gram in gold…
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…
Tuesday’s Asian trading saw a decline in gold prices, but they were still at record highs due to the demand for safe-haven assets brought on by worries about an Iranian attack on Israel. Gold futures expiring in December dropped 0.1% to $2,501.45 an ounce, while spot gold declined 0.4% to $2,460.78. While spot prices continued…
Gold prices were steady in Asian trade on Monday, near record highs as traders awaited further signs on US interest rates from key inflation data due later in the week. Gold futures for December settlement were steady at $2,472.20 an ounce, while spot gold rose 0.1% to $2,433.62 an ounce. Additionally, spot gold was $50…
As investors anticipated further signals from the Federal Reserve regarding interest rate reductions, gold prices increased during Wednesday’s Asian trading session, supported by a weakening dollar. Gold futures expiring in December saw a 0.5% increase to $2,463.85 an ounce, while spot gold increased by 0.3% to $2,419.11. Before the end of the Fed meeting later…
Monday’s Asian trading saw a rise in gold prices, regaining some of the ground lost during July’s downturn. This was due to attention being drawn to the Federal Reserve’s upcoming meeting when it is anticipated that the central bank would issue additional hints regarding interest rate cuts. Gold futures expiring in December saw a 0.5%…
