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 rose in Asian trade on Friday as expectations grew that the US Federal Reserve would cut interest rates next month. This brought gold to four consecutive months of gains in November. Spot gold rose 4.6% in November, registering a fourth straight monthly gain. But last week, gold rose sharply as expectations of a…
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 0.22% to $98,769, pressured by a stronger US dollar and Fed signals. While noting continued economic uncertainty, the Fed report emphasized strong inflation and low unemployment. In June, Swiss gold exports to the UK rose 44% to 83.8 metric tons, a sign of growing investor interest in Western vaults. But for the…
Gold prices fell 0.91% to $99,417 on Wednesday, as a series of new trade deals boosted investor confidence. This included lower-than-expected reciprocal tariffs of 15%, below the threatened 25%. Similar deals with the Philippines and Indonesia further dampened demand for gold, with market attention now turning to next week’s Federal Reserve meeting, when rates are…
Gold prices on the Multi Commodity Exchange (MCX) rose by 0.56% to close the session at ₹98,015 per 10 grams, reflecting gains in the international bullion market. The weaker US dollar supported this, while silver prices remained largely unchanged. The gold rate rose by ₹542, or 0.56%, to close the session at ₹98,015 per 10…
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…
