The price of two common precious metals, gold and silver, is trying to bounce back from a sharp decline last week. The world’s instability and declining dollar have increased demand for safe-haven assets like gold and silver. While silver prices increased 1% to about $32.40 an ounce on Monday, gold prices in India increased by…
Gold prices rose 0.89% to ₹80,289 as investors awaited the Federal Reserve’s first meeting of 2025. The Federal Reserve is widely expected to keep interest rates steady after a 100 basis point cut since September, the latest sign of easing inflation. Moreover, trade-related inflation risks have eased as the US President has eased fears of…
Gold prices fell 1.31% to ₹75,651 on pressure from the Federal Reserve’s decision. More caution is needed on interest rate cuts. The central bank cut rates as expected. India’s gold imports are expected to fall in December after hitting record purchases in November due to weak domestic demand. The auspicious days are preventing large purchases…
Gold fell slightly yesterday, to settle at 65583, under the weight of a stronger U.S. currency and expectations for comments from the U.S. Federal Reserve Chair after the central bank’s policy meeting. With recent data indicating strong gains in U.S. consumer and producer prices, damping anticipation for early Fed rate cuts, the market anticipated clarity…
The reason behind the -0.33% decline in gold prices that occurred recently, with a closing price of 61024, is traders assessing the monetary policy environment. The Fed’s cautious approach and intention to continue a tight policy for an extended length of time were evident in the FOMC minutes. With a minor decline in betting on…
