In the previous trading session, gold showed strong performance, closing at 61769. It was up 0.43%. The increase in demand for safe haven assets due to the ongoing Middle East turmoil and a weaker US dollar were the reasons for the price surge. The cautious market mood is partly due to investors attentively following remarks…
Tuesday’s increase in gold prices followed several days of high gains in 2023, as traders welcomed the possibility of an early 2024 Federal Reserve interest rate decrease. The market greeted the Fed’s dovish signals with open arms, increasing betting that the bank may start reducing rates as early as March 2024. Spot prices of the…
The dollar index stayed below 104, and gold showed a slight rise, closing at 61,181, up 0.1%. Awaiting the Federal Reserve’s policy announcement on Wednesday, investors were intently examining the most recent Consumer Price Index (CPI) report. In line with market predictions, the U.S. consumer price inflation rate decreased to 3.1% in November, the lowest…
After traders processed Friday’s jobs news, the U.S. dollar and Treasury yields rose. This week’s U.S. inflation data will now be the focus, and gold yesterday finished down -0.18% at 59420. According to reports, the U.S. economy added fewer jobs than anticipated in July, but strong pay growth and a drop in the unemployment rate…
The US Federal Reserve’s hawkish comments yesterday caused gold to decline by -0.33% to settle at 59157. In its most recent report to Congress, the Fed said that while inflation in important segments of the US services industry “remains elevated and has not shown signs of easing,” it decided to leave interest rates steady but…
As investors await the votes on the debt deal, gold yesterday closed up by 0.33% at 60198 as the yield on the US 10-year Treasury note dropped to just 3.7%, significantly below the 3.85% seen last week. After passing a significant procedural obstacle, the debt-limit agreement reached by US President Joe Biden and Speaker Kevin…
On Tuesday, the prices for gold and silver both decreased. The price of June delivery gold futures on the multi-commodity exchange was Rs 60,903, down 124 points, and the price of July delivery silver futures was Rs 73,116, down 286 points. While the US debt-ceiling issue and fear of a default restrained additional losses in…
Due to unfavourable global cues, the price of gold is trading unchanged on Tuesday, while the price of silver is down 0.11%. Gold April futures were selling at Rs 56,996 per 10 kilos on the Multi Commodity Exchange, down Rs 51 or 0.09%. On the MCX, silver March futures were selling at Rs 68,515 per…
On Wednesday, gold prices stayed at six-month highs, ending a recent rise as traders repurchased dollars in anticipation of additional monetary policy clues from the Federal Reserve’s December meeting minutes. The yellow metal saw a solid start to the year as demand for safe havens other than the dollar surged in response to worries about…
On Monday, gold prices barely changed as markets processed a barrage of hawkish central bank signals and rising recession concerns, but copper prices recovered some of their recent losses thanks to expectations of a Chinese economic recovery. The Federal Reserve and the European Central Bank both warned that interest rates are likely to rise higher,…
